Though my primary areas of practice are estate planning, elder law, business consulting, and tax planning, I pride myself on assisting my clients in a comprehensive manner. Whenever I take on a new client, I make an effort to get to know them on a personal level. It is important that I fully understand their vision so I can help them ...
Institutional debt consists of term loans structured specifically for institutional investors, though there are also some banks that buy institutional term loans. These tranches include first- and second-lien loans, as well as pre-funded letters of credit. Traditionally, institutional tranches were referred to as TLbs because they were bullet ...
Clients who are happy with your services are more likely to stay loyal and continue to hire you. They also may be willing to refer you to people they know who might need a good bookkeeper. A business plan is a detailed overview of how you plan to launch and grow your business. There are […]
Careful documentation can minimize the risk of tax law changes, since changes before commitment can give risk to unwinds or price adjustments, while changes after commitment are usually “grandfathered.” Let us consider a fifteen year lease of new equipment with a tax life of seven years. Let us assume the equipment costs $1 ...
The first thing you should do if you think you’ve messed up is to contact a practice management advisor in your state. These consultants usually have experience dealing with IOLTA, and rules in most states don’t require them to report ethics violations to the bar. If you’re just starting out and think you’ve set up […]
In the preceding example, the $12,000 is deductible when an equivalent amount of warranty claims are paid, resulting in future tax savings of $4,800 (i.e., 0.4 × $12,000). Net working capital, in particular, is intended to represent those assets and liabilities that are expected to have a short-term impact on cash and equity. Current assets ...