Cover Story

Scale upTim Wallace guides iPipeline through rapid growth

Taking a $8 million company and growing it by more than 400 percent in six years is no small feat. But leading companies through tremendous growth and subsequent profitability is Tim Wallace’s career specialty.

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Tim Wallace guides iPipeline through rapid growth

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Digital integrationLiquidHub connects health care, financial services firms to their customers

By adjusting strategy to address market demand, LiquidHub has doubled annual sales in the last three years and was named one of America’s Most Promising Companies by Forbes.

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LiquidHub connects health care, financial services...

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www.woz.orgSteve Wozniak never stopped innovating and helped Apple become king of computers

Steve Jobs was a visionary and a dreamer who could pitch an idea while Steve Wozniak was content to be an engineer all his life. Together, it defined Apple.

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Steve Wozniak never stopped innovating and helped...

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Source4TeachersJeff Fox develops leaders at Source4Teachers by starting with the right hires

J. Jeffrey Fox, CEO and managing member of Source4Teachers, stays plugged into the job market looking for outside talent, while assessing his internal team, too.

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Jeff Fox develops leaders at Source4Teachers by...

Insights

Not used to use tax? How to make sure you’re paying your fair share

Andrew P. Sonin, an attorney at Semanoff Ormsby Greenberg & Torchia, explains use tax, who has to pay it and how it’s collected.

Would you buy your company if it was for sale?

Many private company owners lose sight of the importance of the returns their business generates based on the capital they employ and the risks that they take. The chief reason for this is that the business becomes a “lifestyle business.” Its principal purpose is now to support the owner’s lifestyle rather than to function as an important asset that is growing in value.

Self-settled trusts: How to make sure your trust works for you

Self-settled trusts, their advantages and disadvantages, and the importance of working with an experienced attorney when establishing such a trust.

A quality of earnings report can be a valuable tool when selling your business

Quality of earnings reports are independent reports that are generally associated with the sale or acquisition of a business. While quality of earnings due diligence occurs more frequently on the buy side of transactions, they can be very effective for owners looking to sell their business. Business owners may be taking a big risk by not completing a quality of earnings report in advance of any effort to sell their company, says Richard Snyder, CPA, Director of Audit & Accounting at Kreischer Miller.

A look inside the elements of an effective audit committee

The primary purpose of an audit committee is to monitor an entity’s risk and to provide oversight of the entity’s financial reporting, the audit process, the system of internal controls and compliance with laws and regulations, says Maxine G. Romano, CPA, Director of Audit & Accounting at Kreischer Miller.