Here’s what you’ll see:

• “‘Breaking Bad’ in the Business Valuation Profession” (Michael Paschall). The increasing use of calculation engagements seriously compromises the valuation profession’s historical standards of reliability and independence.
• “How the New QBI Deduction Impacts the Hypothetical Buyer and Seller, Part 2” (Mark Dietrich and Kevin Yeanoplos). Part 2 of a two-part article on the impact of the new tax law’s Qualified Business Income (QBI) deduction for pass-through entities in determining estimated after-tax cash flow at the investor level, as well as the related change in the fair market value of the entity.
• “Growing Status of Fair Value Sparks Record Attendance at ASA FV Conference” (BVR Editor). The growing importance of fair value for financial reporting and the ongoing efforts to improve the quality in this area of practice triggered a sell-out for the ASA/USC 13th Annual Fair Value Conference held May 10 in Los Angeles. Here’s a recap.
• “Tips and Takeaways From the NYSSCPA BV Conference” (BVR Editor). BVU attended the annual business valuation conference of the New York State Society of CPAs (NYSSCPA) on May 21 in New York City. As usual, it was an excellent conference, and here are a few takeaways from the sessions.
• “Letter to the Editor: Comments on an Article on the Use of Statistics in the Transaction Method” (Mark Filler). A valuation expert weighs in on dueling experts’ opinions on the use of statistics, including how many transactions should be used in the application of the transaction method of appraisal.
• “Work File Checklist for Attrition Rates for Customer Intangibles” (BVR Editor). Documentation requirements for fair value for financial reporting. This is based on the Mandatory Performance Framework (MPF) for the Certified in Entity and Intangibles (CEIV) credential.
• “Draft Regulations Take Center Stage at the BV Summit in Mumbai” (Raymond Moran). A recap of the Business Valuation Summit—Mumbai where the focus was a discussion of the draft regulations for the Registered Valuer program.

The issue also includes:

• An expanded section of “BV News and Trends/Global BV News and Trends.”
• Regular features: “Ask the Experts,” and “Tip of the Month.”
• BV data spotlight: “Pratt’s Stats MVIC/EBITDA Trends,” “ktMINE Royalty Rate Data,” “Economic Outlook for the Month,” and “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 July issue of Business Valuation Update.