Great article in CFO World regarding corporate data breaches and how company CFOs and CIOs must work together to prevent security risks. Three major “headline grabbing” breaches included Sony, TJ Maxx, and Hannaford supermarkets. Each knows from experience how costly a breach can be to a company. These are big name companies, but don’t think that smaller businesses are exempt, because they are not. Today hackers know that there is likely often more opportunity with smaller businesses, than larger ones. Frankly, smaller companies are often easier targets. read more »

Networking strikes fear in people almost as much as visiting the dentist! However, for each of us to grow our network both personally and professional it is absolutely necessary. I have found it very interesting at times to find out someone I needed to meet was only few degrees of separation from me. By keeping it simple, I find that there is far less stress in networking and fewer things to remember. Here are five key points that help. read more »

Christopher M. Lovin, Partner in LBMC’s Valuation, Litigation & Business Transition Services Group, has been invited to speak at a seminar that is important for all closely-held business owners. The seminar, entitled Business Ownership Succession Planning, will be held in Nashville, Tennessee on Thursday, August 4, 2011, at the Doubletree Hotel located at 315 Fourth Avenue North. read more »

The following link to the Journal of Accountancy will take you to an article regarding proposed changes in the process for testing for goodwill impairment.  The article also contains a link to the FASB's exposure draft.

http://www.journalofaccountancy.com/Web/20114099.htm

Let us know what you think about this proposal.

This entry continues a blogging convergence of two things that I love –business valuation and baseball, 7-year old peewee baseball. I hope that this series of blogs will be thought-provoking and entertaining as you reflect on your company’s situation knowing that you will transition ownership of the company at some point in the future. read more »

This entry continues a blogging convergence of two things that I love –business valuation and baseball, 7-year old peewee baseball. I hope that this series of blogs will be thought-provoking and entertaining as you reflect on your company’s situation knowing that you will transition ownership of the company at some point in the future. read more »

Today will mark a blogging convergence of two things that I love –business valuation and baseball, 7-year old peewee baseball. I hope that this series of blogs will be thought-provoking and entertaining as you reflect on your company’s situation knowing that you will transition ownership of the company at some point in the future.  read more »

In many ways, tax season is similar to the New Year. How could that be? Tax season is full of anxiety and deadlines, whereas New Year's is full of parties and fun. The similarity is that, like New Year's, tax season is a time when many of us evaluate the last year and make resolutions for the year ahead. Although many of us dread tax season, it is a good time to focus on our financial goals. read more »

While there may be no ironclad rules for assessing candidates, it looks like many long-held assumptions about "overqualified" candidates are simply wrong. Several recent studies, a respected corporate consultant and Harvard Business Review say that long-held myths about overqualified employees may be invalid.  read more »

CNBC has a new show called Divorce Wars (www.cnbc.com/id/41193264). The show's preview and web site contain many of the same elements that we deal with every day in cases whether there are many assets at stake or there is only one primary asset at stake (for example, a closely held business or a stock portfolio). Unfortunately, emotion, resentment, suspicion and greed come into play for one or both spouses in many of the divorce cases in which we are involved. read more »