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Both sellers and buyers must handle a torrent of details during an M&A deal closing, such as getting permissions from a host of parties and transferring various operating permits. If you’re in a transaction’s early stages, you might not realize how much paperwork and communication will be necessary to achieve an ownership transfer. The earlier that the parties prepare for this time-consuming task, the better.

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Although Detroit already had a "jock tax" in place, it was not officially codified until early March. Detroit's jock tax is the first tax in the US to count travel days that don't necessarily include service inside the city. The new ordinance provides guidance to teams on how to allocate income accordingly.

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If you’ve ever obtained a business valuation for a client, you know that the final value usually includes several components — including tangible and intangible assets. The term “intangible assets” often triggers thoughts.

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Becoming wealthy may not be your primary goal, but if it is, there is a reasonably predictable way to get rich in America.

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If you do not participate in your employer's retirement plan, you have up until April 18, 2017 to make a traditional IRA contribution which would be fully deductible on your 2016 income tax return.

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If you have considered selling your business of late, you may have been disappointed to see the offers a business like yours would garner from would-be acquirers.

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Looming large in the sphere of big accounting changes, new requirements to bring leases on to corporate balance sheets are starting to win pockets of attention. That attention is mixed, however, as companies enter the home stretch in adopting even bigger change to the way they recognize revenue in financial statements.

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UHY LLP, one of the leading tax and business consulting firms in the Capital Region, today presented The Foundation for Ellis Medicine with a $2,500 grant to support the new Bringing Baby Home initiative at Ellis Medicine’s Bellevue Woman’s Center in Schenectady, N.Y.

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Today, the Federal Open Market Committee raised the Federal Reserve's federal funds rate by a quarter percentage point to a target range of 0.75% to 1.00%. This move was highly anticipated - one might even say a forgone conclusion - by the time it was announced. In light of inflation estimates reaching 2% and the February "jobs report" showing unemployment down to 4.7%, nearly every Fed watcher expected the upward movement today.

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Whether you want to sell your business next year or a decade from now, you will have two basic options for an external sale: the financial or the strategic buyer.

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