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Sauvigne & Company LLP Expands its Offerings and Talent

Sauvigne, Horvath and Lyons join forces

 

JERICHO, NY – June 27, 2016 // Sauvigne & Company LLP (“SC”), today launched a unique division focused squarely on creating additional value for their clients by strategically increasing revenue, optimizing organizational structure and preparing businesses for potential investment or sale. This new division will enhance SC’s current expertise in advising marketing related companies on both buy side and sell side M&A transactions (over 100 closed deals). The announcement includes the expansion of its Executive Team to include marketing industry leaders, Bob Horvath (linkedin.com/in/horvathbob) and Jim Lyons (linkedin.com/in/jim-lyons-757124a).  Bob and Jim have joined the firm as Managing Directors and will lead this newly created business consulting services division. While SC has a proven track record, Bob’s and Jim’s past experiences as Chief Executive Officer, Chief Marketing Officer, Chief Operating Officer and Chief Financial Officer of companies will enable SC to provide the unique combination of unparalleled financial, strategic and operational consulting services to marketing related companies.

"Bringing together this talent allows us to address a need in the marketplace for a thought-leading provider focused primarily on helping marketing related firms maximize their value”, said Chris Sauvigne (linkedin.com/in/chris-sauvigne-78a1bb122), Managing Partner of the firm. 

"We want to be clear that we aren't just another “consultancy” or “accounting firm”.  We are a unique team providing a unique service,” said Lyons. “Many marketing businesses aren’t sure what the best model is for servicing their clients as each client has different needs,” said Lyons. “We can now help agencies and marketing services businesses figure out which model is best for them. This usually results in a better-aligned organization, higher profitability and therefore, a more valuable business. These are important steps to be taken as owners consider their next steps in the future of their businesses.” Horvath added, “In our careers we have done a large number of acquisitions and have found many owners have a similar need – how do I position my business to be most valuable? We can tell them.”

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Tax Alerts
Tax Briefing(s)

Following what was described as a successful launch of beneficial ownership information reporting requirements, officials from the Department of the Treasury found themselves before the House Financial Services Committee defending the regulations.


The IRS has issued a warning to small businesses regarding potential issues with Employee Retention Credit (ERC) claims as the March 22, 2024 deadline for the ERC Voluntary Disclosure Program approaches. Seven suspicious warning signs have been identified based on feedback from tax professionals and compliance personnel. These signs may indicate erroneous claims and could lead to IRS scrutiny. 


The IRS has issued the luxury car depreciation limits for business vehicles placed in service in 2024 and the lease inclusion amounts for business vehicles first leased in 2024.


The Internal Revenue Service has reviewed, redesigned and deployed 31 notices for the 2024 tax filing season in an effort to simplify the notices and improve their clarity.

This is a part of a broader effort to simplify up to 90 percent of the notices the agency sends out to taxpayers on an annual basis.


The IRS, with its Criminal Investigation (CI) arm, has urged businesses to review eligibility for the Employee Retention Credit (ERC). To combat fraud, they intensified compliance efforts related to this pandemic-era credit. Businesses wrongly claiming the ERC are advised to consider applying for the Voluntary Disclosure Program before the March 22 deadline. A special withdrawal program is also available for those with eligibility concerns on pending claims. 


The Financial Crimes Enforcement Network (FinCEN) has published a Small Entity Compliance Guide (Guide) to provide an overview of the Beneficial Ownership Information Access and Safeguards Rule (Access Rule) requirements for small entities that obtain beneficial ownership information (BOI) from FinCEN. 


The Department of the Treasury and the Internal Revenue Service have released new analysis that shows the additional funding provided to the IRS under the Inflation Reduction Act can increase revenues by"as much as" $561 billion.


The American Institute of CPAs offered a series of guidance recommendations to the Department of the Treasury and the Internal Revenue Service to help provide clarity on a notice issued by the IRS on changes to the regulation for Roth IRA catch-up contributions made by SECURE 2.0.


As part of the ongoing efforts to improve tax compliance in high income categories, the IRS will begin dozens of audits on business aircraft involving personal use.Â