Can a Government Capitalize the Cost of Developing Your Organization’s Website?

Absolutely! However, you must meet a few requirements in order to do so. According to Governmental Accounting Standards Board Statement No. 51 (GASB), “intangible assets are considered internally generated if they are created or produced by the government or an entity contracted by the government.” So, whether you have the IT department develop the website …

Keep Reading

What is the Name of a Company Worth?

Let’s assume there is a real estate brokerage firm located in the Phoenix metropolitan area that has been in business for the last 30 years and is organized as a regular corporation. The owner wishes to transfer the trade name from the corporation to his LLC and requests the assistance of a valuation firm. How …

Keep Reading

8 Essential Elements of an Exit Strategy for Business Owners: Part II

Improve Profitability and Cash Flow A company is more valuable when it is profitable and has good cash flow.  Therefore, an owner should always strive to have the company as profitable as possible.  Several steps can be taken to improve the profitability of a company. If the owners are paying personal expenses through the business …

Keep Reading

Due Diligence Tips for Buying a Business – Part II

In following the story about Leonard and Sylvia here are some tips on assets that may save you disappointment after the deal is done. ASSETS Cash: • Cash is generally not included in the sale.  However, cash accounts should be reviewed for large and unusual transactions in the period preceding the deal. Accounts receivable: • Obtain and …

Keep Reading