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Revenue Recognition Policies and Their Impact on ETA Valuation

Articles, Featured Events, Merger & Acquisition Services, News, News & Events, Rich Frizzell, Search Fund / By

By Richard Frizzell, CPA, MSA Gray, Gray & Gray, LLP Revenue recognition, while a seemingly technical accounting concept, has far-reaching implications for search fund operators. As searchers evaluate potential targets, the revenue recognition policies in place can significantly impact not only reported financial performance but also the underlying valuation of the business. Understanding these nuances […]

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Person's hand drawing an underline on a notebook with "EBITDA" text on the page surrounding by various office supplies and a coffee cup

Understanding EBITDA in the Search Fund Context

Articles, Featured Events, Jim Donellon, Merger & Acquisition Services, News, News & Events, Search Fund / By

By James A. Donellon, CPA, MSA Gray, Gray & Gray, LLP For search fund operators and entrepreneurs through acquisition (ETA), few financial metrics carry as much weight as EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). This metric serves as the foundation for business valuation, particularly in the lower middle market where most search funds

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Key Considerations in Choosing the Right Accounting Firm for Your Search Fund

Articles, Featured Events, Merger & Acquisition Services, News, News & Events, Rich Frizzell, Search Fund / By

By Richard Frizzell, CPA, MSAGray, Gray & Gray, LLP Selecting the right accounting firm represents a critical decision for a search fund entrepreneur. A well-chosen accountant not only ensures regulatory compliance but also adds significant value during your search process, transaction phase and post-acquisition operations. With the unique challenges that searchers, from raising capital to

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Structuring and Tax Efficiency for Search Funds

Articles, Featured Events, Kelly Berardi, Merger & Acquisition Services, News, News & Events, Search Fund / By

By Kelly A. Berardi, JD, LL.M.Gray, Gray & Gray, LLP In the entrepreneurial landscape, search funds have emerged as a compelling path for aspiring business owners to acquire and operate established companies. As search fund activity continues to grow, entrepreneurs and investors alike face critical decisions regarding fund structure and tax planning that can significantly

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Why Ransomware is a Growing Threat to Businesses of All Sizes

Articles, Cybersecurity, Featured Events, News, News & Events / By

By Nathaniel C. Gravel, CISA, CISM, CRISCGray, Gray & Gray, LLP Ransomware has transformed from a relatively simple nuisance into one of the most persistent and damaging cybersecurity threats facing organizations today. Businesses of all sizes – from small local operations to multinational corporations – have fallen victim to increasingly sophisticated attacks. The threat landscape

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What a Massachusetts Charitable Donation Cap Might Mean for Your Nonprofit

Articles, Auditing & Accounting, Featured Events, Julianne Schwallie, Michael Cecere, News, News & Events, Non-Profit / By

By Michael Cecere, CPA, MST & Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP The landscape of charitable giving has evolved through various tax policy changes over the years. The current proposal by Massachusetts Governor Maura Healey to cap charitable deductions represents one of the most significant shifts we’ve seen in decades. If implemented,

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Checklist to Prepare for a Nonprofit Audit

Articles, Auditing & Accounting, Featured Events, Julianne Schwallie, News, News & Events, Non-Profit / By

By Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP Nonprofit organizations continue to play a pivotal role in society, tackling diverse challenges and enriching communities through their endeavors. Their financial integrity is crucial to maintaining public trust and ensuring the continued impact of their work. Annual audits serve as a crucial mechanism for assessing

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Best Practices for Transparency in Financial Reporting for Nonprofits

Articles, Auditing & Accounting, Featured Events, Julianne Schwallie, Michael Cecere, News, News & Events, Non-Profit / By

By Michael Cecere, CPA, MST & Julianne Schwallie, CPA, MBA Gray, Gray & Gray, LLP To retain the trust and support of donors and the public, nonprofit organizations must maintain high levels of transparency, particularly in their financial reporting. Transparency helps to build trust and demonstrate that the organization is using its resources responsibly and

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IRS Tightens Oversight on Alternative Fuel Tax Credit

Articles, Energy, Energy & Petroleum, Featured Events, News, News & Events, Tax Strategy & Compliance, Tax Tips / By

The Alternative Fuel Tax Credit serves as an important federal tax benefit in the United States, reducing the tax burden for businesses and individuals who use fuel for specific qualifying activities. These activities include off-highway business operations, agricultural work and aviation purposes. To strengthen oversight of this program, the Internal Revenue Service has implemented new

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Top 5 Findings in a Royalty Audit

Articles, Featured Events, Kevin Howley, News, News & Events, Royalty Examinations / By

By Kevin F. Howley, CPAGray, Gray & Gray, LLP As a forensic accountant specializing in royalty audits for over two decades, I’ve encountered numerous instances where licensees or franchisees fall short of their contractual obligations. While each audit presents unique challenges, certain issues consistently emerge across industries and agreement types. Understanding these common findings can

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