How the Final Repair and Capitalization Regulations Will Impact You

The IRS recently released final repair and capitalization regulations that will affect all taxpayers that acquire, produce or improve tangible property; i.e. just about everyone.  For some industries, such as manufacturing, retail, hospitality and utilities, these new regulations are especially relevant.  Planning for changes now—even making some in 2013—may have tax advantages. The final repair …

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Gaming Companies: Get In Line To Claim Endangered Tax Credits

By David Nash, Tax Supervisor Since the mid-2000s, the State of Georgia has provided numerous tax credits and incentives to entertainment and production companies to attract these businesses to the state.  And it’s working.  Georgia is now one of the top 5 production destinations in the country, and it is estimated that entertainment-related business brought …

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WBL Names Todd Koransky Partner

  ATLANTA, GA— Williams Benator & Libby, LLP, Atlanta’s premier certified public accounting firm, announced today that Todd Koransky has been named a partner. Todd is a tax partner with more than 14 years experience focused on serving clients in the software & technology, manufacturing & distribution, staffing and professional services industries.  His practice includes …

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WBL Named Among AccountingToday’s 2013 “Best Accounting Firms to Work for”

September 17, 2013 WBL Named Among AccountingToday’s 2013 “Best Accounting Firms to Work for” ATLANTA, GA— Williams Benator & Libby, LLP (WBL) has been named one of the 2013 Best Accounting Firms to Work for by AccountingToday and Best Companies Group. The annual list of the top 100 firms identifies, recognizes and honors the best employers in the accounting industry, benefiting …

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WBL Announces Fall Recruiting Events at GSU and KSU

WBL Announces On-Campus Recruiting Fall 2013Events Meet HR and professional staff from WBL at these recruiting events: Georgia State University 9/13 Accounting Employer Showcase 9/27 Beta Alpha Psi Office Visit 9/30 On-Campus Interviews for Audit Intern & Audit Staff Accountant 10/1 On-Campus Interviews for Tax Intern & Tax Staff Accountant   Kennesaw State University 9/17 …

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Nimble, Thorough Response Leads to Successful Transaction

Situation Overview The owner of a staffing business had identified a staffing company that he wanted to acquire. The financial records of the target company, which was in bankruptcy, were not auditable and there was evidence of prior fraud. The target was created from the acquisition of more than four separate businesses, increasing the complexity …

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Sale-Side Services Deliver Value in Excess of Fees

Situation Overview The owner of a mid-market process manufacturing company planned to sell his successful company and exit the business.  In the absence of other financial advisors and any prior experience with transactions, he needed a “helping hand” to prepare for the due diligence process and with negotiating several elements of the transaction. As the …

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Buyer and Seller Save Big With Creative Tax Solutions

WBL’s recommendations overcome drawbacks of asset sale and reduce seller’s tax liability by nearly 50% in the year of sale. Situation Overview The owner of a service company, which installs and maintains heavy equipment for commercial buildings, was interested in selling his company and had found a buyer.  The seller knew the buyer and was …

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WBL Partner Re-elected as Treasurer of American-Israel Chamber of Commerce

Press Release July 15, 2013 ATLANTA, GA— Steve Horn, a tax partner with Williams Benator & Libby, LLP (WBL), was reelected as the treasurer of the American-Israel Chamber of Commerce, Southeast Region (AICCSE), the organization announced last week. Horn was originally elected as Treasurer to serve a two-year term in 2009, was reelected for a …

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