News

2022 marked a 32-year low for U.S. initial public offerings (IPOs), with an 88% drop in the volume of IPOs compared to the prior year. In addition, dealmaking stalled, with business leaders unwilling to assume both the costs and risks inherent to transactions, making it a down year for valuations. This drop had several causes, […]

On September 8, 2023, the IRS released pre-regulatory guidance concerning the requirement to capitalize and amortize specified research and experimental (SRE) expenditures under Internal Revenue Code Section 174, as revised by the 2017 Tax Cuts and Jobs Act (TCJA). Notice 2023-63 is the long-awaited substantive counterpart to the procedural guidance initially released last winter (and […]

In business, as in life, change is the only constant. Every enterprise, regardless of its scale or industry, will face the prospect of leadership transition, and in the dynamic world of business, continuity, and planning are essential. Whether you’re an established business magnate or a budding entrepreneur, understanding the phases of succession planning ensures that […]

Employee ownership, and more specifically employee stock ownership plans (ESOPs), continues to garner strong bipartisan support throughout the country. Recently, the state legislature of Washington enacted laws that expand tax incentives to encourage employee ownership. The Washington state legislature passed S.B. 5096, a state-wide initiative aimed at expanding employee ownership. The bill establishes a feasibility […]

Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success. While many wealthy individuals and families understand investment reporting, which covers the balance sheet side […]