Many business sale and purchase deals I have been involved with had some form of an earnout built into the purchase price. That doesn’t mean I am a big fan of earnouts, rather earnouts can serve a purpose in transaction negotiations.
An earnout is a delayed payment whereby the buyer and seller agree to a contingent payment based upon future performance criteria.… Read more >
In Rev. Proc 2015-30, released earlier this month, the service adjusted deductions for annual Health Savings Accounts (HSA) for 2016.
“For calendar year 2016, a “high deductible health plan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,300 for self-only coverage or $2,600 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $6,550 for self-only coverage or $13,100 for family coverage.… Read more >
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Posted in CFO Services
Last weekend my wife and I toured a showcase of homes. I was struck by the approach of a realtor. His discovery was to ask if we were considering a different home and whether we were “represented”. He immediately jumped to offering to represent us – read “Lock us in so he gets a commission.”
He did not introduce himself, ask our names, ask what might appeal to us or even determine if we wanted to live in an area that he was familiar with. … Read more >