Description: We’ll share our expertise and simplify the technical without boring you (too much).
Most recent post: The AICPA’s Next Step in Enhancing Audit Quality
Early this month, the American Institute of Certified Public Accountants (AICPA) took a crucial step in advancing its initiative to improve audit quality for private entities. The Enhancing Audit Quality initiative, lovingly abbreviated as “EAQ” by AICPA president and CEO Barry C. Melancon, was formally announced back in May 2014 as an effort to strengthen [...]
Description: As Director of Construction Industry Services at GBQ Partners LLC, I find that prior to construction companies becoming a GBQ client, they think all CPAs do is accounting and tax work. I have found through my experience and expertise that helping contractors understand their risks can help them avoid failure. Along with helping contractors understand risk, it is important to help them plan for success and help them understand the impact of the decisions that are made on their company’s balance sheet and income statement.
As hard as it is to believe, the open and closed job schedules are probably two of the most underutilized tools in most construction companies. Of course the surety’s, banks and accounting firms like GBQ use these schedules to help analyze the company’s past and future financial performance. But all too often, the only reason [...]
Description: Technology, like your business, is constantly changing. We will help you sort out the good from the not-so-good, identify and mitigate risks that come with the use of technology, and keep you informed of significant developments that might impact how your business uses technology.
It is almost impossible to get through a week without hearing about a new cyber security breach. Considering the first web browser is not even 20 years old, and e-commerce did not really start to evolve for several years after that, the “Threat Landscape” has rapidly evolved from unsophisticated outside attackers to sophisticated hackers and [...]
Description: Case In Point will explore relevant and newsworthy topics relating to economic damages, bankruptcy, forensic accounting, and fraud, highlighting breaking case decisions, case studies, how to build a financial case, and things to know just in case.
Most recent post: In Case You Hadn’t Heard…The Dog Days of Summer are Here
I wrote my last blog post in May – almost three months ago. As the saying goes, “time flies when you are having fun” and the summer has, in fact, flown by. There were several interesting projects (and a couple of personal trips) that filled my summer and made it difficult to be a regular [...]
Description: Sharing conversational insights related to what we’re seeing in the marketplace: client work, industry trends, and commonly asked questions. Our focus is to create a conversation around all things accounting.
Most recent post: This Global Warming is Freezing!
We all woke up this morning hoping to avoid the outdoors, hoping for a day off on account of…the cold? If you are as unfortunate as I am to be without a garage, you had the luxury of scraping deep set ice off of your windshield for at least 20 minutes, while your car took [...]
Description: Because accountants don’t have to be square. Tune in for an inside look at the day to day happenings of GBQ.
Most recent post: wGBQ Strikes Again with Another Excellent Book Club Event
It’s been less than a month since the last Seventh Floor Book Loft event GBQ has hosted and I’m already getting excited for the next one. For those of you who were not able to attend our last book club on July 23rd, we experienced the genius mind of Tina Fey in her book titled Bossypants. It [...]
Description: Our professionals have extensive experience in the valuation arena and our blog is our way to provide you with insights and analysis of everything BV.
Most recent post: Why You Shouldn’t Have a Formula in Your Buy-Sell Agreement
In many buy-sell agreements, the buyout clause for shares of privately-held stock is determined by a valuation formula, such as “shares will be purchased at a 4 or 5 times multiple of the company’s most recent year EBITDA (earnings before interest, taxes, depreciation, and amortization) as defined by GAAP (generally accepted accounting principles) upon death, [...]