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The Basics of Deductible Costs
Please do not accept assertions by opposing counsel and/or their expert witness that 100% of costs are an appropriate deduction from lost profits or disgorgement calculations. Nor should you blindly accept assertions that none of the costs are deductible. While there are circumstances in which deduction of 0% or 100% of costs is appropriate, they…
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Further Developments to the Corporate Transparency Act
Last time on Nolte Analytics’ coverage of the Corporate Transparency Act, a nationwide preliminary injunction halted enforcement of the Corporate Transparency Act’s reporting requirements. On February 18, the U.S. District Court for the Eastern District of Texas lifted the nationwide injunction, and the beneficial ownership information reporting requirements are once again in effect for…
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How to Value: Plastic Pipe & Parts Manufacturing
Industry Description The plastic pipe & parts manufacturing industry in the U.S comprises the production of various plastic pipes, fittings for those pipes, and unlaminated plastic profile shapes like rods, tubes, and plates. (NAICS 32612). Excluded from this industry are plastic hose fixtures, plumbing fixtures, and plastic packaging products. The following are some basic…
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The Basics of Benford’s Law
Also known as the First-Digit Law or the Law of Anomalous Numbers, Benford’s Law describes the frequency distribution of leading digits in many sets of numerical data. It states that in many naturally occurring datasets, the smaller digits appear as the leading digit far more frequently than larger digits. In simpler terms, the number 1…
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Accounting in the Wild: The Three Stooges
I came across an old Three Stooges skit wherein $10 was used repeatedly to repay $60 owed between the characters. It seemed a little silly, but it got me wondering as to whether it held up. Over-analyze the accounting implications of a 20 second joke? Yes, please! The Skit Moe, to Larry: “And speaking of…
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How to Value: Electricians
Industry Description The electricians industry comprises a wide range of on-site electrical services, including new installations, modifications, maintenance, and repairs, as well as the sale and installation of electrical equipment (NAICS 238210). The industry also includes professionals who are responsible for executing various electrical projects. The following are some basic characteristics of the electricians…
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Tax Relief for Californians Impacted by Wildfires
In response to the devastating wildfires that have ravaged parts of California, state and federal tax agencies have announced tax relief measures to assist individuals and businesses affected by the disaster. Federal Tax Relief Measures The Internal Revenue Service (IRS) has granted several key forms of relief to individuals and businesses in areas designated as…
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Developments in the Corporate Transparency Act
In a previous post, Analytics described the reporting requirements of the Corporate Transparency Act (“CTA”). In brief, the Corporate Transparency Act created new reporting requirements for companies regarding their Beneficial Owner Information (“BOI”) to the Financial Crimes Enforcement Network (“FinCEN”), a bureau within the US Department of Treasury. Recent Happenings On December 3, the U.S.…
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How to Value: Industrial Building Construction
Industry Description The industrial building construction industry in the U.S comprises contractors primarily engaged in the construction, modification, and maintenance of industrial and manufacturing facilities (NAICS 23621). The industry also includes general contractors, design-build firms, and construction management operators who oversee projects ranging from new constructions to alterations and repairs of existing structures. The…
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The Basics of a Monte Carlo Analysis
The Monte Carlo analysis is a useful statistical technique used to forecast potential outcomes from models that simulate complex systems.. It relies on random sampling and probability to generate a range of possible outcomes. Monte Carlo analyses are used to provide valuable insights for decision-making, risk management, and optimization by simulating a wide range of…
