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Revenue Recognition’s Effect On M&A

YoungUpstarts

There has been a lot of chatter regarding changes in revenue recognition criteria lately, but the effects it will have on the evaluation of companies planning an exit is just beginning to emerge. Specifically, the new standard will follow a five step model for revenue recognition: Identify the contract (the deal that has been reached).

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Business Valuation: Determining The Worth Of A Company

YoungUpstarts

Reasons for a business valuation run a gamut from selling the business due to retirement or health reasons to financing expansion efforts to adding shareholders to a buyout situation. Capitalization Factor – This can be defined as a multiplier used for converting projected future earnings and revenue into present day value.

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6 “Shark Tank” Questions Every Business Owner Should Be Able To Answer

YoungUpstarts

By Richard Weinberger, PhD, CPA, CEO of the Association of Accredited Small Business Consultants and author of “ Propel Your Small Business to Success: Accelerated Actions to Maximize Profit “ If you had to stand before the shark investors in ABC’s “Shark Tank,” would you get stumped by their questions?

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4 Reasons Why You Should Have An Accounting Process In Your Business

YoungUpstarts

by Krystal Russell, CPA at LYFE Accounting. Entrepreneurs sometimes get too wrapped up in covering monthly expenses or meeting a specific revenue figure. Depending on your business type, all revenue and expenses passes through to your personal return. Apart of being a successful entrepreneur is wearing many different hats.

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The Latest Questions Small Businesses Are Asking

Up and Running

Many people who want to start a business believe they will be able to get grants or loans to help them finance the venture. Do I need to hire a Certified Public Accountant (CPA) for my small business? As a licensed professional, a CPA has to adhere to a code of professional ethics. If not, the business idea is not feasible.

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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

By anticipating future revenue, expenses, and business growth, owners can make informed decisions that minimize tax liabilities and leverage tax benefits. Consulting with a tax professional can help identify which credits your business may be eligible for and assist in applying, ensuring you maximize your potential savings.

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28 Entrepreneurs Explain How They Came Up With Their Business Names

Hearpreneur

When we started the company, I didn’t want it to be called “Grunden & Hale” as is the standard for CPA firms because I envisioned the firm becoming much larger than just me and Adam. Summit CPA is now a company with over $5M in annual revenue and our team is fully distributed throughout the United States. And I was right.

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