According to BVR’s 2009 Business Valuation Firm Economics & Best Practices Survey, valuations conducted for tax purposes continue to be the top revenue producing area for the industry. Slightly more than 21% of respondents listed taxes as their top revenue producer, followed closely by the family/matrimonial area. Taxes also top the lists of the fastest growing specialty areas among BV practitioners—as well as the most profitable.
Estate and gift taxes are the main issues generating work for BV appraisers. As the baby boomer generation continues to age, E&G tax is likely to remain in or near the top spot over the next few years. To stay abreast of the current valuation case law and current articles regarding estate and gift issues, subscribe to BVR’s Guide to Estate & Gift Tax Case Law. The results of the benchmarking survey will be published in BVR’s 2009 Business Valuation Firm Economics & Best Practices Guide (available in September—preorder here.)
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