Have You Really “Sold” the Family Business if You Sell the Family Business

Posting by Geoffrey D. Brown, CPA
Members of the Greater Washington DC Family Business Alliance spend most of our time talking about how best to preserve the family business for the next generation or generations; however, there may be times when the absolute best decision might be to sell the family business. Perhaps there is no one in the succeeding generation who has any interest in operating or managing the business or perhaps there is so much rancor and distrust […]

November 1, 2010 Family Owned Businesses, Valuation Read more...

Geoffrey Brown Receives Certificate in Family Business Advising

 

BETHESDA, Maryland (November 1, 2010) – The Greater Washington DC Family Business Alliance (“The Alliance”), the go to resource for family businesses located in Maryland, the District of Columbia, and Northern Virginia, announced today that Geoffrey D. Brown, CPA, a Principal with Bond Beebe, the founding company of the Alliance, has received the Family Firm Institute (“FFI”) Certificate in Family Business Advising. The FFI presented Brown with the certificate during their international conference, “Family Enterprise: New Game? New Rule?” […]

November 1, 2010 Family Owned Businesses, Firm News & Events Read more...

Geoffrey Brown Receives Certificate in Family Business Advising

Geoffrey D. Brown, CPA, Principal with Bond Beebe, the founding company of the DC Family Business Alliance, has received the Family Firm Institute (“FFI”) Certificate in Family Business Advising.  The FFI presented Brown with the certificate during their international conference, “Family Enterprise: New Game? New Rule?” held on October 13-16, 2010 in Chicago.  The FFI is the premier international body for advising and research in the family business and family wealth fields, with the purpose of increasing public awareness […]

November 1, 2010 Family Owned Businesses, Firm News & Events Read more...

Remembering the Individual

Posting by Phil Vivirito

When we conduct payroll audits for a pension fund I remind our auditors of an important aspect of the audit that I think many times gets overlooked, which is the individual employee. When we find an individual not being reported the payroll auditor is the one that begins the process to have this individual put into the pension fund. Other findings such as a new hire reported late or time work omitted can affect a person’s […]

October 25, 2010 Payroll Audit Read more...

Where Is The Overtime?

Posting by Mary Stigge, CPA

I performed a payroll audit on a plumbing contractor and my review of three years of records showed no overtime hours being reported. However, the contractor advertised “24/7” service and a review of invoices to customers revealed emergency calls on holidays, nights and weekends. We found that overtime was being paid in cash and/or was being paid by an alter ego company who was not making benefit contributions.

October 18, 2010 Benefit Plan Accounting, Payroll Audit Read more...

Collection Cases: Going to Trial

Posting by Andrew Staab

As Fund Counsel, I am often asked “How many cases do you win at trial?”  I say without committing to a number or won-loss ratio, “A few.”  I must admit that going to trial is not something I particularly savor, because Taft-Hartley collections law is slanted so strongly in favor of the Fund that cases should never go to trial.  I have preached that if a Fund’s delinquency case goes to trial, there might be something […]

October 13, 2010 Payroll Audit Read more...

Collection Cases: Going to Trial

Posting by Andrew Staab

As Fund Counsel, I am often asked “How many cases do you win at trial?”  I say without committing to a number or won-loss ratio, “A few.”  I must admit that going to trial is not something I particularly savor, because Taft-Hartley collections law is slanted so strongly in favor of the Fund that cases should never go to trial.  I have preached that if a Fund’s delinquency case goes to trial, there might be something […]

October 13, 2010 Payroll Audit Read more...

NEW DEPRECIATION OPTIONS FOR LANDLORDS AND BUSINESS OWNERS

Glenn Bailey,  CPA

Recent legislative changes offer new opportunities for tax deductions on new capital assets purchased and placed into service during 2010 or 2011. If you are considering investing in new assets for your business or have improvements to make to your business real estate, you should consider these benefits in determining whether to make your purchases now or later.

The Small Business Jobs Act of 2010 has raised the cap on the value of assets that can be expensed […]

October 5, 2010 Accounting, Tax Read more...

Bond Beebe Partner David P. Dorsey Speaks at Two Ironworker Labor Union Events

Bond Beebe, a certified public accounting and advisory firm with offices in Bethesda, Maryland and Alexandria, Virginia, announced that one of their Principals participated in two recent speaking engagements on behalf of Bond Beebe’s Labor & Employee Benefit Plan group. David P. Dorsey, CPA addressed the Ironworkers Union during the 10-day 26th Annual Ironworkers International Instructor Program in Ann Arbor, Michigan, on July 20, 2010 with a presentation entitled, “Advanced Business Manager Training Course: Financial Responsibility.” On September 16, […]

September 29, 2010 Firm News & Events Read more...