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How to Value Tangible Fixed Assets for Compliance

How to Value Tangible Fixed Assets for Compliance

A manufacturing company closes an acquisition within 90 days and moves on. Eighteen months later, it records a $90 million impairment charge. The root cause, buried in the post-mortem, is a purchase price allocation built on equipment values pulled directly from a...
Tangible Asset Valuation: Methods, Examples, & Why It Matters

Tangible Asset Valuation: Methods, Examples, & Why It Matters

Every year, accounting firms sit across the table from clients who have no idea what their physical assets are worth.  That gap causes problems in audits, inflated purchase prices in M&A deals, and tax disputes that drag on for months. Tangible asset valuation...
ASC 350: Goodwill Impairment

ASC 350: Goodwill Impairment

ASC 350 – Intangibles—Goodwill and Other is a section of the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) that provides guidance on the accounting for goodwill and certain intangible assets under U.S. GAAP. Impairment testing is...
Tax Planning Strategies for Partnership Firms

Tax Planning Strategies for Partnership Firms

Effective tax planning for partnership firms starts with understanding how pass-through taxation works. Partnerships pass income directly through to individual partners, creating targeted opportunities to improve tax efficiency strategies at both the entity and...
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