Asking the Right Questions in Today's Economy
“So, how’s the economy treating your business?” I get the sense that most of us are asked a variation of the question at least a couple
Do You Have a Financial Plan?
Investors are nervous and for good reason. We are experiencing a financial crisis the likes of which most of us have never seen before. It has been marked
The Early Bird: When to Address Closing Purchase Adjustments
Failure to address issues related to closing purchase adjustment before the execution of a transaction can lead to contention at the day(s) of reckoning, typically 30 to 60 days after the ink has dried. The nature of closing purchase adjustments vary significantly from transaction to transaction. However, as a baseline, it is typical for the parties to compare the seller’s working capital or net assets at the closing of a transaction to its working capital or net assets at a designated earlier point. Consider these steps from Marc Brdar from Schneider Downs Business Advisors.
Sales of Food and Beverages by Exempt Organizations
On February 20, 2009 the Pennsylvania Department of Revenue reissued Legal Letter Ruling No. SUT-04-011. The letter ruling specifically addressed the sale of food and beverages by a church during a community festival. The sales by the church were deemed taxable because it sold to the public and was in competition with other vendors required to collect sales tax. Jennifer Koehler provides analysis.