November Meeting: Reasonable Compensation and “Soaking the Rich”

The November chapter meeting will be held on Monday, November 8, 2010 at 6:00 pm  at Pal's Cabin in West Orange, NJ. The Executive Meeting is scheduled for 6:00 pm followed by Dinner at 7:00. The guest speaker is Business Valuation appraiser Ray J. Dragon, ASA, Senior Manager of Business Valuation and Litigation Support at the Saddle Brook, NJ offices of Rotenberg Meril Solomon Bertiger & Guttilla.  Ray will talk about “Reasonable Compensation and ‘Soaking the Rich’ – A Valuation-Based Look at Taxes and Business Value.”

Mr. Dragon took his B.A. at Lehigh University and earned two masters’s, an M.S. in Financial Economics from the University of London, and an M.B.A. from the Kellogg School of Management at Northwestern University. He has over 20 years experience in financial analysis, business valuation, merger and acquisition and litigation support. Ray is accountingWEB.com’s official blogger on Business Valuation. His talk will explain why a reasonable compensation analysis shows that “soak the rich” really means “heavily tax the returns on the investment capital of small business owners”.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $30 person. Please RSVP Chapter Secretary Lynn Magnusson, ASA  by phone (973-425-1550), fax (973-425-1553) or email, and mail her your check payable to "ASA Northern New Jersey Chapter 73" by Monday, November 1.