Lucas Horsfall assists CVM Holding in the acquisition of Harris

We are proud to have been a part of this iconic California transaction.  We have deep gratitude to Brian Coelho of Central Valley Meat Holding Company for trusting us to be part of his team. Financial advisory services were performed by Jesse Yang, Bessna Plaza and Gaurav Malhotra.  Tax advisory services were performed by Kenneth Woerner and Mike Amerio. (more…)

Lucas Horsfall is Growing

On January 1st, 2019, Charles, Blank & Karp merged with Lucas Horsfall.  It was announced by the two managing partners, Mike Amerio and Jim Karp, respectively.  The combined firm will be known as Lucas Horsfall.

Charles, Blank and Karp traces back to a firm founded in Beverly Hills by Max Seiff in the 1920s (more…)

Revenue Recognition and Lease Accounting Changes

There’s a lot of buzz about the changes in Revenue Recognition guidelines and the changes in Lease Accounting standards.  The new Revenue Recognition guidance could change the timing of recognition and the changes in Lease Accounting standards could significantly impact your organization.

Recently, Lucas Horsfall put on a Seminar, which gave an overview of the changes to Revenue Recognition and the new Lease Accounting standards.   It was well attended and there was much discussion about the changes to come.

For your reference, we have included the presentations from the Seminar in pdf form.  For further questions, please contact our office.

Thank you.

Leases Topic

Revenue Recognition Topic

Economic Forecast & Trends

Lucas Horsfall Managing Partner, Mike Amerio, chaired a panel discussion on “Tax Reform Update” at the Los Angeles Business Journal’s, January 22nd Economic Forecast & Trends event, before an audience of several hundred.  Mike’s panel consisted of Dean Joaquin, Western Region Tax Leader, RSM US LLP; Kenneth Tindall, Senior Tax Manager, CBIZ MHM; Craig Morris, Los Angeles Tax Partner, KPMG; and David Erard, Partner Tax, Armanino LLP.

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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…)