While COVID-19 may have negatively impacted many businesses last year, others are ramping up for growth in a big way. And, according to Hanny Akl, “It just seems like the way to grow these days is through M&A.”
Mergers, acquisitions and transaction activity is booming. Business valuations are high, potential tax changes are coming and businesses that have withstood the pandemic are stronger for it. But if you’re a business owner considering an M&A deal in today’s environment, what do you need to know?
In this episode of The Wrap, Hanny Akl, CPA, CFE, CEPA, CVGA and David LeGrand, CPA join our hosts to give business owners the commentary they need to make informed decisions about what their business is worth, where it stands ahead of tax changes and what the future may hold with a transaction.
After listening to this episode, you’ll:
- Have an understanding of how COVID-19 and the legislation passed as a response to assist companies (such as PPP loans) have impacted M&A
- Know what part PPP loan forgiveness may play in a transaction
- Understand how and why the pandemic has positively impacted business valuations
- Be familiar with the top considerations for business owners looking to pursue a transaction in today’s environment
- Have an understanding of specific considerations for investors, like carried interest
- Be aware of potential legislative changes that could impact an M&A deal in the near future
- Know what tax planning is necessary to protect yourself as a business owner
