Navigating the TCJA: A Guide for Business Owners and Advisors
In 2017, the Trump Administration and 115th Congress passed The Tax Cuts and Jobs Act of 2017 (“the TCJA” or “the Act”)(1) into law. Motivated by multiple key objectives including providing tax relief to middle-income families, simplifying the personal income tax code, repatriation of overseas earnings for U.S. corporations, and general economic growth, the TCJA […]
SEC Discusses Valuation Focus in 2024 Exam Priorities
The SEC discusses valuation in the Division of Examinations’ 2024 Exam Priorities. The SEC’s Division of Examinations (the “DOE”) has announced its 2024 examination priorities. The annual report provides insights into the Division’s risk-based approach, including the areas it believes present potential risks to investors and the integrity of U.S. capital markets(1). Valuation was discussed […]
SEC’s New Rules for Private Fund Advisers
UPDATE: On June 5, 2024, the 5th U.S. Circuit Court of Appeals in New Orleans issued a unanimous ruling overturning the SEC’s Private Fund Rules. In this whitepaper, Houlihan Capital discusses the SEC’s new rules for private fund advisers under the Investment Advisers Act of 1940 and changes that create major compliance obligations involving the […]
Houlihan Capital Publishes Cryptoasset Industry Report – Q2 2023 Update
Houlihan Capital is excited to announce the release of our newest quarterly Report for the Cryptoasset Industry. This report provides the following: Financial Performance: Cryptoasset-related Equities Valuation Metrics: Cryptoasset-related Equities Equity Performance Change in Market Capitalization by Equity Sector Change in Market Capitalization by Cryptoasset Sector This report is a valuable resource for anyone who […]
FASB’s Proposed Updates to GAAP Financial Reporting Taxonomy related to ASU on Crypto Assets
On March 23, 2023, The Financial Accounting Standards Board (“FASB”) issued proposed updates to the U.S. Generally Accepted Accounting Principles (GAAP) Financial Reporting Taxonomy related to a Proposed Accounting Standards Update (“ASU”) on Intangibles—Goodwill and Other—Crypto Assets. (1) The proposed updates would create Subtopic 350-60 of U.S. GAAP, and it would apply to all entities […]