Here’s what you’ll see:
- “Little-Known Resource Can Help Bolster Support for Projections” (BVR Editor). Projections used in business valuation have always been subject to scrutiny—and now more than ever. During the recent ASA International Conference, it was pointed out that many valuation analysts may not know of a resource that can be used to help support their assessment of projections.
- “Appraisal Disciplines Reveal Breaking Trends at the ASA Conference” (BVR Editor). Practitioners from five appraisal disciplines address how they are working in the current environment and their perspectives about trends in valuation over the next year.
- “Letter to the Editor: Commentary on Recent Statements by the IRS Regarding the Change to Appraisal Reviews.” Former IRS manager Michael Gregory comments on recent statements from the IRS and ASA concerning a key issue with appraisal reviews prior to imposing a civil money penalty for valuation misstatements under IRC Section 6695A.
- “What the New Subchapter V in Bankruptcy Means to Business Valuers” (BVR Editor). Michael D. Pakter (a managing member at Gould & Pakter Associates LLC in Chicago) discusses the new niche subchapter of the Bankruptcy Code that creates an easier and less expensive path for small businesses to reorganize and survive.
- “Can You Do Two Valuations With the Same Date? Yes, Says Hitchner” (BVR Editor). A valuation done pre-COVID-19 may be obsolete, so can you update it using the same valuation date and factor in the impacts of the pandemic? Yes, says James Hitchner (Valuation Products and Services), and he believes doing so is not in conflict with the valuation standards.
- “Several Trends of Note in Valuation Cases in the United Kingdom” (BVR Editor). A number of recent court cases in the UK are important to valuation. Matrimonial decisions continue to introduce valuation concepts beyond “fair value,” and, on the topic of goodwill, a recent case went contrary to the expectations of most business valuers.
The issue also includes:
- A full section of “BV News and Trends/Global BV News and Trends.”
- Regular features: “Ask the Experts” and “Tip of the Month.”
- BV data spotlight: “DealStats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and the “Cost of Capital Center.”
- BVLaw Case Update: The latest court cases that involve business valuation issues.
To stay current on business valuation, check out the December 2020 issue of Business Valuation Update.
Please let us know if you have any comments about this article or enhancements you would like to see.