Category Archives: Articles

Limit on Deductions for Executive Compensation at Public Companies

By Stephen Kirkland This article was published y NACVA in QuickRead on July 11, 2019. The Tax Cuts and Jobs Act (TCJA) made important changes to Section 162(m) of the Internal Revenue Code. That section limits a publicly held corporation’s tax deduction for compensation paid to each covered employee to a maximum of $1,000,000 per year.…
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Shareholder Disputes at Closely Held Businesses

Over the last twenty years, an increasing number of attorneys have contacted me about litigation among shareholders of closely held businesses. Shareholders of closely held businesses in various parts of the United States are embroiled in litigation with each other over the amount of compensation that one or more of the shareholder-officers received. These lawsuits…
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Serving as an Expert Witness

By Stephen D. Kirkland, CPA, CMC, CFC Originally published in the September-October 2007 edition of Connector, the Institute of Management Consultants’ member newsletter. Consultants in every field serve as expert witnesses to help judges and jurors understand complex issues in court cases. Many of these professionals have narrow niches, such as fingerprinting or handwriting analysis.…
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