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AGP Advisory: Understanding and Managing the Adjustments

By Brandon Frederics, CPA | AGP Advisory, Leader Our journey thus far has taken us through understanding what a quality of earnings (QofE) entails, how we define and assess the “quality” within earnings, and our work around the earnings and Net Working Capital (NWC). This leads us into the next topic that helps bring these projects all together—the adjustments. Let’s define the typical adjustments we …

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AGP Advisory: Rolling Up the Sleeves – Earnings and Net Working Capital (NWC)

By Brandon Frederics, CPA | AGP Advisory, Leader In our third installment of this series, we want to get into the interworking of sound financial due diligence. We have already explained what high quality of earnings (QofE) can do, but what does a financial due diligence process look like for isolating and assessing earnings? All projects should focus on three key elements in this area  …

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AGP Advisory: Defining the Quality Within Earnings

By Brandon Fredericks, CPA | AGP Advisory, Leader In this part, I want our discussion to get right to the heart of the main cornerstone of any transaction—the earning capabilities of an organization. Regardless if you are looking to acquire a business or ready to sell, all conversations will lead back to earnings. Therefore, the ability to approach a …

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AGP Advisory: A Quality of Earnings (QofE) is Not an Audit

By Brandon Frederics, CPA | AGP Advisory, Leader Welcome to our series on financial due diligence. Over the next several segments, we would like to provide you with key aspects within the financial due diligence process, and how you can better prepare yourself, and business, for a transaction.  The financial due diligence process is comprised of many parts, the focus being centered around the quality of …

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SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs.

August 24, 2020 Owner-employees with < 5% interest Owner-employees of an S or C corporation with less than a 5% interest are not subject to the owner-employee compensation rule. Eligibility of amounts attributable to business operation of tenant or sub-tenant or household expenses eligible for forgiveness? No. Nonpayroll costs may not include any amounts attributable …

SBA issues Interim Final Rule (IFR) relating to less than 5% owners, rent paid to related parties and certain nonpayroll costs. Read More »

CRITICAL AUGUST 31ST DEADLINE FOR AMENDING PLANS TO SUSPEND OR REDUCE SAFE HARBOR CONTRIBUTIONS MIDYEAR IS RAPIDLY APPROACHING

August 20, 2020 Internal Revenue Service (IRS) Notice 2020-52, provides guidance and temporary relief for employers who may choose to reduce contributions during 2020 to their safe harbor 401(k) or 403(b) plan. Notice 2020-52: Clarifies that an employer can amend a safe harbor plan to reduce contributions made only on behalf of highly compensated employees …

CRITICAL AUGUST 31ST DEADLINE FOR AMENDING PLANS TO SUSPEND OR REDUCE SAFE HARBOR CONTRIBUTIONS MIDYEAR IS RAPIDLY APPROACHING Read More »

Buy-Sell Agreements – “We Have a Formula” Doesn’t Always Work

By Jason Bogniard, ASA, CVA, EA, MBA | Principal, Business Valuation and Corporate Litigation Most buy-sell agreements, whether structured as a cross-purchase agreement between shareholders or a corporate stock redemption, are well thought-out and memorialized from a legal and tax perspective. However, we find one of the most important aspects of a buy-sell agreement is …

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Apple Growth Partners Receives Smart Culture Award

CLEVELAND, Ohio – (January 27, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, has been named a 2020 honoree for the Smart Business Smart Culture Awards. In the award’s third year, the Smart Culture Conference & Awards event recognizes organizations with a physical office in Northeastern Ohio for demonstrated cutting-edge practices …

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