As part of our ongoing series on tax issues for accounting firm transactions, this article discusses the benefits of utilizing personal goodwill in accounting firm M&A deals when appropriate. Personal ...

Financial conditions are clearly tightening. But, if you have clients thinking about selling their businesses, there’s no reason to rush the transaction. When the future is uncertain, successful ...

There is a little-known asset – personal goodwill – that is present in certain types of businesses and can potentially provide a significant tax benefit when identified as part of a transaction. This ...

We use the term "goodwill" to identify the intangible but valuable asset of a business arising from its reputation and customer relationships. We use the term "goodwill" to identify the intangible but ...

When preparing dental practice valuations for divorce proceedings in equitable distribution states, many evaluators rely on shortcuts to determine goodwill value. Some use only gross revenue produced ...

How is valuation of goodwill determined? Some states say personal goodwill is not separable from business goodwill. For personal goodwill, and usually for professionals, courts look at the person’s ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. It seems counterintuitive that personal goodwill, a ...

While all buyers look for a degree of figurative goodwill from advisory practice sellers, some financial advisors could reap tax savings by offering up that literal type of asset in the deal. Sales of ...

How important is it, as a dentist or physician, to ensure that enterprise goodwill versus personal goodwill is accurately understood by the parties conducting valuations during divorce proceedings?

While many of the reasons for a family business to choose being a C corporation have been eliminated over the years (the deduction of shareholder health insurance, for example), there are still ...

With financial conditions tightening and a tidal wave of baby boomers reaching retirement age, many of your clients may be thinking about selling their businesses. As I discussed last month, when ...