A Big Congratulations to Mike Amerio, Mike Sovik and Chris Sailes!

Mike Amerio, Mike Sovik and Chris Sailes participated in the Nautica Malibu Classic Triathlon this past weekend.  The Classic Triathlon consists of swimming in the ocean at Zuma Beach (Sovik), biking on the Pacific Coast Highway (Amerio) and a running to Point Dume State Beach (Chris).  The combined distance for the three events was 21.50 miles.  The team finished the three course in 2 hours, 22 minutes and 23 seconds.

Congratulations to Amerio, Sovik and Chris – they did an amazing job!

Company Racing Event

After a busy Tax Season, Lucas Horsfall employees enjoyed some time together to unwind and have fun!

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Mid-Season Bowling

We took a break during our busy Tax Season to go Bowling together as a Company.  Everyone had a great time!

M&A Around the World

Global M&A activity saw an increase in 2017.  We are fortunate to members of MSI Global Alliance.  Through this association we can provide our clients access to 250 law and accounting firms around the world.  Our member firms are actively working in advising businesses on both sides of the transactions.  Here is the latest M&A newsletter from our association.

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Mangoes & Monsoons:  A Story of Fraud in M&A

This is a true story. Names of people and places have been changed to protect the guilty. To understand this story, you need to know that I was born in India.

I will start by saying that fraud is pervasive. An average US Corporation loses 5% of gross revenue due to fraud. Then It should not be surprising that fraud occurs in M&A transactions. (more…)

Audits Don’t Appear to Be a M&A Prerequisite Anymore

We have had the busiest year in our firm’s history performing Quality of Earnings (Q of E) services.  We have worked for Private Equity Firms, Search Funds, sellers, and businesses looking to raise capital.  Certainly, the level of activity in the market has increased.  In addition to that I think that the market is favoring the segment we work in- Middle Market.  Until last year most buyers demanded 2-3 years of audited financials before considering a target. (more…)

Efficient Forms Announces Strategic Equity Partnership With Altalink Capital

We want to congratulate Mike Robertson of Altalink Capital and Housatonic Partners for successfully completing their strategic investment in Efficient Forms.  We were engaged to perform the Quality of Earnings for this project.  Our engagement team consisted of Katja Schaper, Erick Diaz, Jenna Okimoto, Lyn Dahl and Gaurav Malhotra. (more…)

Lucas Horsfall Employee Golf Tournament

Lucas Horsfall Employee Golf Tournament

Jim Thomas – Building L.A.

Years before he worked with some of the tallest athletes in pro sports as owner of the Sacramento Kings NBA franchise, Jim Thomas helped develop the then-tallest building in Los Angeles, the Library Tower. (more…)

Tax Return Due Dates are Changing

As we get ready for the 2017 filing season there is hope that next year will be better.   Generally for 2016 tax year returns the due dates for partnership returns were accelerated and due dates for C-Corporations pushed back.   As partnerships became more complex, more and more taxpayers filed extensions while they waited to the K-1 forms to arrive. (more…)

River LA – Flowing Through LA Again

Beneath all that cement, a 51-mile river is waiting to flow through the heart of Los Angeles. As part of our quarterly Breakfast Roundtable sessions, on Nov. 9, 2016 we invited Eli Kaufman to inform our invited guests about the hopeful future of the L.A. River. (more…)