by GPwebsiteV3! | Jun 22, 2020 | Business, GP Articles
Whether to tax-affect earnings of pass-through entities (“PTE”) has been a hotly debated topic among business valuators for over two decades. Historically, the IRS has held that PTE earnings are after-tax since there is no tax at the entity level. Dating back to...
by GPwebsiteV3! | Jun 8, 2020 | Business, Covid-19, GP Articles
On June 5, 2020, the President signed into law the Paycheck Protection Program (PPP) Flexibility Act. The Act is meant to add leniency and flexibility to the use of PPP loans by small businesses including updates to some of the requirements and deadlines. These...
by GPwebsiteV3! | May 28, 2020 | Business, Covid-19, GP Articles
Last week, Governor Tate Reeves signed a bill to provide $300 million in relief to small businesses in Mississippi. The $300 million is part of the federal relief provided to states in the CARES Act passed in Washington on March 25. The Mississippi relief bill...
by GPwebsiteV3! | May 26, 2020 | Business, Covid-19, GP Articles
I started joking weeks ago that overuse of the word “unprecedented” resulted from everyone’s avoiding use of more colorful terms when distinguishing the new world from pre-pandemic reality. You’ve barely been able to get through a news conference since mid-March...
by GPwebsiteV3! | Mar 2, 2020 | Business, GP Articles
In 2002, the Supreme Court of Mississippi ruled on Singley v. Singley. Singley established the treatment of goodwill in business valuations attendant with divorce cases. Under Singley and subsequent rulings, goodwill is excluded from the fair market value of a...
by GPwebsiteV3! | Feb 21, 2020 | Business, GP Articles, Tips
The final most costly mistake made by business owners is wearing too many hats. In the early going, you may be tempted to try to handle all aspects of your business yourself, but it’s critical to have a support team to help you move the business forward. If you feel...
