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5 Tips for an Accurate Financial Statement in a Divorce

5 Tips for an Accurate Financial Statement in a Divorce

The decision to divorce is never an easy one, and perhaps one of the most painful life events there is. Separation of finances can be one of the more contentious aspects. AAFCPAs provides the following guidance regarding the development of your divorce financial statement, which is a crucial component of divorce processes where financial relief is requested. In Massachusetts divorce actions, Supplemental Probate and Family Court Rule 401 requires that... continue reading

2018 Year-End Tax Planning for Privately-Held Companies (Part 2) Webinar OnDemand

2018 Year-End Tax Planning for Privately-Held Companies (Part 2) Webinar OnDemand

In 2018, tax planning is more complicated than usual. Most provisions of the massive Tax Cuts and Jobs Act (TCJA) go into effect this year, and as a result you likely will need to change at least some of your tax planning strategies. In this Webinar, recorded live on October 23rd, 2018, AAFCPAs Richard Weiner, CPA, MST, Julie Chevalier, CPA, David Gravel, CPA, and David Consigli, Jr., CPA, ABV, CPVA, CDFA, provide business owners, executives,... continue reading

Webinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 2)

Webinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 2)

Information continues to emerge as a result of the monumental Tax Cuts & Jobs Act.  For privately-held companies, the TCJA impacts your financial statements, operating model, liquidity, investments and capital, and people. For individuals, the TCJA impacts personal withholdings, charitable giving, family & education, retirement, and estate planning. AAFCPAs is pleased to offer a timely, 3-Part Webinar Series featuring some of the most significant TCJA changes and their potential impact... continue reading

AAFCPAs’ David Consigli Earns Certified Divorce Financial Analyst Credential

AAFCPAs’ David Consigli Earns Certified Divorce Financial Analyst Credential

AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA, has been awarded the Certified Divorce Financial Analyst (CDFA) credential issued by The Institute for Divorce Financial Analysts (IDFA). Dave was awarded the CDFA credential in recognition of his earned expertise in valuing the financial effect of any given divorce settlement.  Dave earned the designation in response to overwhelming demand from lawyers, mediators, and separated individuals seeking his... continue reading

AAFCPAs’ David Consigli Earns Patent Valuation Credential

AAFCPAs’ David Consigli Earns Patent Valuation Credential

AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA has been awarded the Certified Patent Valuation Analyst (CPVA) credential issued by the Business Development Academy (BDA). Dave was awarded the CPVA credential in recognition of his earned expertise in valuation of emerging technologies, negotiating licensing agreements for maximum returns, advanced patent valuation, and calculating damages resulting from patent infringement. In deriving the value of a patent,... continue reading

Strategies to Increase the Value of Your Business In Advance of Selling

The most successful business transfers are the ones that are properly planned in advance. AAFCPAs encourages clients to think proactively in order to get the most out of what is likely your largest and most important asset.  The following strategies may better position your business for a higher price when selling. Have your financial statements audited or reviewed by an independent CPA – Audited or reviewed financial statements provide potential... continue reading

AAFCPAs David Consigli to Present at Massachusetts Collaborative Law Council Forum

David Consigli, Jr., CPA, ABV, AAFCPAs’ Director of Business Valuations, will serve on a collaborative law panel discussing “Growing the Pie: Introducing Experts Who Create Value for Clients.”  This session is part of the Massachusetts Collaborative Law Council’s (MCLC) Networking & Educational Forum on Cultivating Collaboration: The Changing Faces of Collaborative Law (CL), scheduled for Friday, May 12th. Divorce cases that include family business ownership in the couple’s portfolio (or... continue reading

The Benefits of an Employee Stock Ownership Plan (ESOP) in Succession Planning

Succession planning can be a challenge for privately-held business owners. Finding the right buyer can be difficult and time consuming. In some cases, owners may want to transition their business to their current employees, but the employees may not have the financial means to consummate a sale. An Employee Stock Ownership Plan (ESOP) may be the solution. ESOPs can be very successful when implemented in the right situation, allowing owners... continue reading

Nonprofit Valuations: Transactions Requiring an Accurate Valuation of Your Nonprofit

Did you know that nonprofit organizations, like their for-profit counterparts, can benefit from an independent business appraisal? AAFCPAs advises nonprofit organizations to obtain a business valuation from a qualified, accredited appraiser under the following circumstances: Converting from nonprofit status to for-profit status – There are necessary procedures when companies no longer desire nonprofit status and wish to convert to a for profit entity. The IRS must be notified in writing... continue reading