THEMIDDLEMARKET.COM OCTOBER 12, 2015 Food & Beverage How Commodity Volatility Affects Diligence in Food Deals Dealmakers need to note revenue growth, industry benchmarks and product-sales mix when valuing a business W By Jesse Evans and Marc Shaffer, Crowe Horwath ith U.S. agribusiness currently in a mature phase, industry participants often find it more efficient to acquire...
State and Local Tax Services Audit | Tax | Advisory | Risk | Performance The Unique Alternative to the Big Four ® Crowe Horwath LLP Service Leaders Michael Hollowell, Partner SALT Services...
New Accounting for Credit Impairment and Equity Securities: What You Need to Know By Matthew A. Schell, CPA, CFA Since the financial crisis, the Financial Accounting Standards Board (FASB) has been debating wholesale changes to the U.S. generally accepted accounting principles (GAAP) financial instruments model in two related projects. For the first of the financial instruments projects, the...
September 2015 EFT Data Management Solving Wire Transfer and ACH Data Challenges By Nikhil N. Fafat, Mohammad Nasar, and Christopher J. Sifter, PMP Electronic funds transfers (EFTs) offer speed and convenience for bank customers as well as efficiency and low transaction costs for financial institutions. But the widespread use of wire transfers and automated clearinghouse (ACH) transactions also...
October 2015 Credit Data Management Looking Beyond DFAST, Basel III, and CECL By Oleg A. Blokhin, Jack A. Gregory, and David W. Keever Audit | Tax | Advisory | Risk | Performance An array of new and evolving regulatory requirements is driving...
November 2015 The Audit Committee: Help Them Help You By Sal A. Inserra, CPA An effective audit committee is a critical component of a financial institution’s corporate governance, but such a committee is not the result of an accident. It is formed through a deliberate process that includes appointing qualified individuals, providing adequate resources and offering other appropriate...
Restructuring Advisory Services Maximize Value for All Stakeholders During Challenging Situations. Audit | Tax | Advisory | Risk | Performance The Unique Alternative to the Big Four ® Crowe Horwath LLP Crowe Restructuring Advisory Services Can Help You Get Back On Track Healthy companies evolve with the markets – adjusting corporate strategy, capital structures, and...
Reaching the Pinnacle A Guide to Going Public And Living as a Public Company Audit | Tax | Advisory | Risk | Performance The Unique Alternative to the Big Four ® Crowe Horwath LLP Table of Contents 1. Deciding Whether to Go Public 3....
Crowe Financial Services Tax Insights™ 2016 No. 1 – Winter Issue Avoiding the Personal Holding Company Tax By Avani Shah, CPA, and David A. Thornton, CPA The personal holding company (PHC) tax is a federal 20 percent penalty tax assessed on certain types of undistributed passive income, including interest and dividend income, earned by a closely held C-corporation. Although...
Crowe Financial Services Tax Insights™ 2016 No. 1 – Winter Issue Death Benefit Only Plans: Taxation, Withholding, and Reporting Issues By Tyler P. Johnson and Thomas J. Tyler, CPA Financial institutions looking for a way to attract and retain top talent or to enhance employee benefits for important employees should consider establishing a death benefit only (DBO) plan. DBO...
February 2016 Exit Baby Boomers, Enter a New Generation of Owners By Timothy J. Iszler, CPA, and Larry A. Mackowiak, CPA Audit | Tax | Advisory | Risk | Performance Crowe Horwath LLP Over the next 10 years, tremendous value will transition to...
February 2016 Tips and Traps for Look-Back Computation By Phillip McCarty, CPA Audit | Tax | Advisory | Risk | Performance Crowe Horwath LLP The look-back is a complex area of tax law that can cause compliance errors and missed opportunities....
February 2016 Year-End Accounting and Financial Reporting Issues for Commercial Entities Closing Out 2015 and Preparing for 2016 Audit | Tax | Advisory | Risk | Performance Crowe Horwath LLP This publication discusses accounting and financial...
Steering Successful Growth: Steering growth: Value Capture in M&A Value creation and M&A Results of a 2015 Crowe Horwath LLP Survey Audit | Tax | Advisory | Risk | Performance Introduction Contents Introduction 3 Executive...
® The Global Corporate Advisor March 2016 The Corporate Finance newsletter of Crowe Horwath International Welcome to the March 2016 issue of Global Corporate Advisor. In this issue, from France we have an article on valuation methodologies used for goodwill impairment tests under IAS 36. The piece examines relevant concepts such as measuring recoverable amount and the various scenarios...
March 2016 Accounting for Income Taxes: A Year in Review By Wanda M. Denton, CPA, and Sheryl L. Vander Baan, CPA Audit | Tax | Advisory | Risk | Performance Crowe Horwath LLP The Financial Accounting Standards Board (FASB) has continued to...
March 2016 Preparing to Sell Your Dealership, Part 2 Keeping the Deal on Track By Richard H. Kotzen, CPA Audit | Tax | Advisory | Risk | Performance Crowe Horwath LLP Sales of auto dealerships continue to accelerate, with a growing number of...
uStrengthening Corporate Governance: Effective Mechanisms for Reporting, Investigating and Remediating Fraud There are numerous resources available that guide those charged with governance (referred to as audit committees) toward building programs to include anti-fraud controls and cultivation of anti-fraud environments.1 When put into place and followed, these programs go a long way in...
2015 BDO GLOBAL ENERGY MIDDLE MARKET MONITOR BURSTING THE BUBBLE: GLOBAL ENERGY SECTOR RISES AND FALLS ON MIDDLE MARKET COMPANIES CONTENTS INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 UNITED STATES LEADS IN PRODUCTION. . . . . . . . . . . . . . . . . . . . . . 5 REVENUES GROW IN TANDEM...
FALL 2015 www.bdo.com A SPECIAL REPORT FROM THE BDO TECHNOLOGY & LIFE SCIENCES PRACTICE SAAS SIMPLIFYING SAAS – AN ACCOUNTING PRIMER OVERVIEW The SaaS business model continues to gain broad acceptance. Existing companies that historically sold software products are increasingly rolling out SaaS offerings, and many new SaaS companies are emerging. There are now more...
Winter 2016 www.bdo.com PErspective in NATURAL RESOURCES A FEATURE EXAMINING THE ROLE OF PRIVATE EQUITY IN THE NATURAL RESOURCES SECTOR. Low oil prices continue to cause pain in the oilfield services sector. As the current supply glut leads big oil producers to slow production, services companies are left competing for a shrinking number of oil projects. Since 2015, oil producers have pulled...
WOMEN @ WORK See What’s New With the Women at BDO Consulting As we embark on a new year, BDO Consulting takes a look at our professionals’ recent accomplishments and highlights the ways in which we are giving back to the community. BDO KNOWS TECHNOLOGY: EXPANDING THE BREADTH, DEPTH, AND QUALITY OF OUR RESOURCES Achieving Excellence in Technology: Recent Awards...
FEBRUARY 2016 www.bdo.com AN ALERT FROM THE BDO TECHNOLOGY & LIFE SCIENCES PRACTICE LIFE SCIENCES CYBER ALERT: FDA ISSUES NEW CYBERSECURITY GUIDELINES FOR MEDICAL DEVICE MANUFACTURERS Following a spate of major data breaches — resulting in over 112 million compromised health records in 2015 alone — healthcare is the latest industry to face heightened regulatory...
BDO COMPENSATION AND BENEFITS MARCH 2016 TAX ALERT 1 www.bdo.com SUBJECT CONTACT: IRS PROVIDES GUIDANCE TO INDIVIDUALS ON WHAT TO DO WITH FORMS 1095 For more information on the Affordable Care Act reporting requirements, please contact: SUMMARY JOAN VINES Senior Director, National Tax Compensation and Benefits (703) 770-4444 / jvines@bdo.com Most individuals are receiving for the first...
Spring 2016 www.bdo.com PErspective in RESTAURANTS A FEATURE EXAMINING THE ROLE OF PRIVATE EQUITY IN THE RESTAURANTS INDUSTRY. By Dana Zukofsky Private Equity Hungry for Deals in the Restaurant Sector Stay up-to-date on the latest trends Over the past year, private equity activity has heated up in the restaurant industry. Historically, investors wanted to see proof of concept in...
MARCH 2016 BDO INTERNATIONAL TAX ALERT UK/US Tax Desk 1 www.bdo.com SUBJECT THE UNITED KINGDOM GOVERNMENT ANNOUNCED ITS 2016 BUDGET ON MARCH 16, 2016, IN WHICH IT CONFIRMED THAT THE UNITED KINGDOM WILL BE PASSING LEGISLATION TO IMPLEMENT THE AGREED UPON ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT (“OECD”) RECOMMENDATIONS FOR ADDRESSING BOTH HYBRID MISMATCHES AND...
to Assess Organizational Risk Management Practices The entire senior management team should be able to identify your organization's top five risks and the strategies in place to address them. In today’s environment, an integrated risk management function is essential to an organization’s survival. But one size does not ï¬t all when it comes to risk management....
THE BDO 600 2015 SURVEY OF BOARD COMPENSATION PRACTICES OF 600 MID-MARKET PUBLIC COMPANIES THE BDO 600 – 2015 Survey of Board Compensation Practices of 600 Mid-Market Public Companies CONTENTS INTRODUCTION. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 HOW TO USE THIS...
MARCH 2016 www.bdo.com AN OFFERING FROM THE BDO CENTER FOR CORPORATE GOVERNANCE AND FINANCIAL REPORTING BDO USA CORPORATE GOVERNANCE PRACTICE ELEVATING CYBERSECURITY TO THE BOARD – QUESTIONS BOARDS SHOULD BE ASKING T he board’s role in the oversight of organizational risk is increasingly complicated by cybersecurity concerns. Directors need to maintain continual knowledge...
2016 BDO RETAIL COMPASS SURVEY OF CFOS 2016 BDO RETAIL COMPASS SURVEY OF CFOS “Retailers are realizing that putting more money towards their digital presence is not necessarily going to help them compete any better against e-commerce giants like Amazon. They need to focus on what they know and have historically done well, and that is the in-store experience. Savvy retailers...
MARCH 2016 BDO INTERNATIONAL TAX ALERT China/US Tax Desk 1 www.bdo.com SUBJECT CONTACT: CHINESE GOVERNMENT EXPANDS IMPLEMENTATION OF VAT REFORM EFFECTIVE MAY 1, 2016 ROBERT PEDERSEN, Partner and International Tax Practice Leader (212) 885-8398 / rpedersen@bdo.com SUMMARY JOE CALIANNO, Partner and International Technical Tax Practice Leader, National Tax Office (202) 904-2402 /...
2016 BDO Tax Outlook Survey 2016 BDO TAX OUTLOOK SURVEY 1 2016 BDO Tax Outlook Survey The BDO Tax Outlook Survey of Tax Directors is a national telephone survey conducted by Market Measurement, Inc., an independent market research consulting firm, whose executive interviewers spoke directly to 150 tax directors, or those with tax director responsibilities, at public companies using a survey...
Global Insurance Mergers and Acquisitions Contents 03 Introduction 04 Global Insurance M&A 06 Global Deal Pricing and Value 08 Top 50 Global Deals (2011-2013) 10 Western Europe 14 North America 18 Asia Pacific 22 Latin America 26 Middle East and North Africa 30 Private Equity 32 Transaction Risk 2 Global Insurance – Mergers and Acquisitions Introduction Dear board...
Transaction disputes: Extract more value Bryan Moser, Partner, Forensic and Valuation Services Over $1.1 trillion in U.S. and $2.4 trillion in global M&A deals have been signed this year through August — the highest year-to-date volume since 2007.1 With the growing M&A market, business owners are finding opportunities for investment. But not all transactions realize...
To smooth the transition to the cloud, consider the finance and accounting implications Kevin Surovcik, Business Advisory Services Managing Director 4 strategies can help companies consider the holistic impact of their cloud purchases on the organization Imagine you are the head of a business unit that needs to replace an on-premise legacy platform. Drawn by the lure of a new cloud solution with...
Case study Sector Health care Assessment reveals $5.7M in physician revenue cycle opportunity Client challenge Integration of physician practice systems Services provided Revenue cycle assessment Results $5.7 million opportunity identified, implementation plan developed Serving patients in the U.S. Northeast, a $7 billion academic medical center health system comprises hospitals,...
Synthetic merger could be the right elective for higher ed Edward Kleinguetl, Managing Director, National Transaction Integration Team, Transaction Advisory Services Jennifer Neill, Director, Transaction Advisory Services Mary Foster, Managing Director, Higher Education Larry Ladd, Director, Higher Education The warning bell that 2016 and 2017 will witness increasing closures of four-year...
3 success factors for transformational change Change occurs in the evolution of all organizations. Sometimes change is a strategic initiative, such as an acquisition or reorganization. Sometimes changes are tactical, such as in the implementation of a new enterprise resource planning system or transformation of the finance function or supply chain. Regardless of the nature or the reason for...
FINANCIAL MANAGEMENT FINANCIAL PLANNING AND ANALYSIS Influencing Corporate Performance with Stellar Processes, People, and Technology REPORT PERSPECTIVE FROM RESEARCH SPONSOR GRANT THORNTON HOW BETTER DATA IS ENABLING CFO SUCCESS With more and more finance resources dedicated to regulatory compliance activities, CFOs run the risk of falling behind or settling for just running in place. Either...
Tax Insights Legislation gives nonprofits new benefits and burdens Contact information The sweeping $680 billion tax deal enacted in December made permanent and enhanced many of the tax benefits that help not-for-profit entities, but it also brought new restrictions and reporting requirements. Daniel Romano Partner T +1 212 542 9609 E daniel.romano@us.gt.com The Protecting Americans from Tax...
Improving Community Health through Hospital – Public Health Collaboration Insights and Lessons Learned from Successful Partnerships Lawrence Prybil, PhD F. Douglas Scutchfield, MD Rex Killian, JD Ann Kelly, MHA Glen Mays, PhD Angela Carman, DrPH Samuel Levey, PhD Anne McGeorge, MS, CPA David W. Fardo, PhD Commonwealth Center for Governance Studies, Inc. with grant support from: Grant...
HealthCare x R A business intelligence prescription for health care executives Winter 2016 www.grantthornton.com/hcriskmgmt Meet risk challenges through leadership, collaboration Anne McGeorge, National Managing Partner, Health Care Victor Blanchard, Director, Business Advisory Services John Summerlin, Senior Manager, Health Care Advisory Services Health care organizations continue to call for...
Jumping Safely on Board the Social Networking Train Prepared by: Gary Sturisky, National Leader, Business Consulting, RSM McGladrey, Inc. gary.sturisky@mcgladrey.com Rob Kastenschmidt, National Leader, Risk Advisory Services, RSM McGladrey, Inc. rob.kastenschmidt@mcgladrey.com “Every revolutionary idea seems to evoke three stages of reaction. They may be summed up by the phrases: 1)...
Case Study: Pharmaceutical company Meeting broad sales and use tax needs through outsourcing Background Goals A multinational pharmaceutical company was The company sought to keep current on its in a period of rapid growth, mostly through sales and use tax compliance issues, relieve acquisition. The strategic need to identify and demand on its already overburdened accounting close deals...
5 Signs That Your Company Needs a Sales and Use Tax Automation Solution If you’re an online or traditional brick and mortar retailer, or hybrid retailer, distributor or wholesaler, you are burdened with sales and use tax compliance. How do you know when it’s time to give up your manual processes in favor of an automated solution? Here are 5 signs that your company...
Sales Tax on Digital Equivalents: Look Through to the True Object by Brian J. Kirkell and Brad Hershberger delivered via tangible property and equivalent goods and services delivered electronically, only a difference in the means of delivery. There is no functional difference between goods and services delivered via tangible property and equivalent goods and services delivered...