News

IRS Qualified Appraisal and Qualified Appraiser Rules for Charitable Contributions

A charitable donation of illiquid securities must be accompanied by a Qualified Appraisal that is performed by a Qualified Appraiser for a charitable deduction. If the appraisal is deemed not to be a Qualified Appraisal, the IRS may disallow the …

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Tax Planning for the Business Owner Prior to the Sale of the Business

GRATS, CRUT, DAF, QSBS, ESOP…DIKWIAD? Break it down, TED. Proper tax planning in advance of a transaction can result in substantially higher after-tax proceeds to the seller. The earlier the planning starts, the less risky the plan is from an …

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Chaffe is in the latest edition of the Louisiana CPA Lagniappe magazine again! “How to Gracefully Exit Your Business”

See our article in the Louisiana CPA Lagniappe magazine by Vanessa Brown Claiborne on “How to Gracefully Exit Your Business”.  Click here to download the article.

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Chaffe’s New Orleans CityBusiness Article – September 2019

Health care Transactions Top September M&A Activity – Chaffe’s New Orleans CityBusiness Article – September 2019 Chaffe’s Louisiana Merger & Acquisition Activity in September 2019 – Chart

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Chaffe’s New Orleans CityBusiness Article – August 2019

Bernhard Capital Company Deal Tops August M&A Activity – Chaffe’s New Orleans City Business Article – August 2019 Chaffe Louisiana Merger & Acquisition Activity in August 2019 – Chart

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AICPA RELEASES final valuation guide FOR PE AND VC PORTFOLIO INVESTMENTS

The AICPA issued the Accounting and Valuation Guide for Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies (the “Guide”).   “This guide will provide these professionals with a common language understanding about how to value portfolio company investments.” Yelena Mishkevich, CPA, CGMA, AICPA senior manager (accounting standards – public practice) KEY FACTS This guide provides nonauthoritative guidance and illustrations for preparers …

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Cannon Repercussion

Following the Louisiana Supreme Court’s decision in Cannon v. Bertrand, 08-1073 (La. 1/21/09), 2 So.3d 393, the argument that discounts were not applicable in business valuations resounded across the state.  Cannon was often quoted, “Minority discounts and other discounts, such …

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You Strategized for Everything Else, But Have You Planned For Your Exit?

Most business owners have taken no actions to protect their family’s most valuable asset: the business. They have made no plans to exit the business. They likely do not even know the value of their business.Approximately, 70 million baby boomers …

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AICPA Announced Nene Glenn Gianfala as the “Standing Ovation” Award Winner for 2019

AICPA to Honor Young Nene Glenn Gianfala with FVS ‘Standing Ovation’ The American Institute of CPAs (AICPA) recently announce Nene Glenn Gianfala as one of the young CPAs who will receive the 2019 Forensic and Valuation Services (FVS) Standing Ovation for significant contributions in …

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Chaffe’s New Orleans CityBusiness Article – July 2019

Three Louisiana Banks Expand Footprint Through Acquisitions Top July M&A Activity – Chaffe’s New Orleans City Business Article – July 2019 Chaffe Louisiana Merger & Acquisition Activity in July 2019 – Chart

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