News Category: legislation


Five Hospital Value Drivers That Can Influence a Valuation

Many factors can influence the value of a hospital. It is imperative that a business appraiser undertaking these complex assignments is both mindful and understanding of the unique circumstances and nuances inherent in valuation within this industry in order to generate a sound opinion of value. Read more >>

Court upholds Section 1031 tax ruling, affirming appraisals were unreliable

In 2016, the U.S. Tax Court found for the Internal Revenue Service in a dispute over a series of exchanges that Exelon, the tax payer, designated as section 1031 transactions. The court found these were not like-kind exchanges and expressed dismay over the appraisals the tax payer offered to support its claim for significant deductions. Read more >>

Online global business valuation education from the iiBV, on your schedule and from any location

If you’re looking for global business valuation education—when and where you want it—check out four new e-learning courses from the International Institute of Business Valuers (iiBV) and Business Valuation Resources (BVR). Read more >>

Split high court rules on classification of earnout payment in divorce dispute

The parties’ dispute over how to classify earnout payments related to the sale of a valuable marital asset recently prompted a split ruling from the Minnesota Supreme Court. The issue was whether those payments were part of the sales consideration, as the wife argued, or represented future compensation to the husband, as the district court found. Read more >>

Cannabis: IP Issues in a Budding U.S. Industry

Canada is already facing many challenges after its recent legalization of cannabis last week, including a significant shortage of product and uncertainties about border policies with the United States. Read this post from ktMINE about the IP issues in the budding U.S. cannabis industry. Read more >>

Key Points for Developing Compensation Valuation Report Content for a Healthcare Appraisal

No specific professional standards govern the content and requirements for appraisal reports in compensation valuation (CV), and there is very little professional literature on this topic. In the BVR/AHLA Guide to Valuing Physician Compensation and Healthcare Service Arrangements, author Timothy Smith looks to the business valuation standards and discusses how to adapt and expand on these standards to address areas that are unique to CV practice and appraisal issues. Read more >>

Failure to explain inputs gets expert excluded under Daubert

If more proof is necessary to show that courts across all legal fields dive deep into the details of valuation testimony, a recent damages case that arose in the context of a condemnation proceeding should do the trick. Read more >>

9 trends that impact a law firm’s value

Valuing law firms is very different from valuing other service businesses because they depend on professional reputation and skills, referrals, a high relative intangible asset base, licenses, client relationships, and price sensitivity. In BVR’s special report, What It’s Worth: Law Firm Value, editor Ron Seigneur tackles nine trends that influence the success and reputation of professional services and should be taken into account when valuing law firms. Read more >>

Going-concern appraisals vs. business valuations

Real property appraisers often value special-use properties, hotels, and senior care facilities, to name a few, on a going-concern basis. The term "going-concern" is not defined in the Canadian Uniform Standards of Professional Practice (CUSPAP), although it is defined in The Appraisal of Real Estate, 3rd Edition, wherein the definition is: “All tangible and intangible assets of an established and operating business with an indefinite life.” Read more >>

BVR’s Cost of Capital Professional: What the experts behind this new platform have to say

BVR is excited to announce the release of its new Cost of Capital Professional platform, a state-of-the-art resource that provides a simple and transparent way to estimate cost of capital. We recently sat down with two of the individuals involved in the development of the new platform, Dr. Michael Crain and Ronald Seigneur, for a comprehensive Q&A. Read more >>

U.S. economy—five important factors at a glance

BVR’s Economic Outlook Update (EOU) monthly and quarterly reports examine the general U.S. economic climate. In our most recent monthly report, we provide an overview of some selected economic factors that prevailed as of August 2018, as well as a discussion of the factors that are crucial over an extended period. Highlighted in this post are some of these important factors, including unemployment rate, consumer confidence, and more. Read more >>

New Jersey closer to Daubert but still not a Daubert jurisdiction

A decision from the Supreme Court recently led New Jersey to adopt key Daubert factors for determining the admissibility of expert testimony, but the high court’s ruling also expresses a reluctance to fully embrace the Daubert standard. Read more >>

Home Hospice Companies: Top Trends and Value Drivers

Valuation experts faced with valuing a home hospice business may think it is similar to other home health service businesses, but, while there are similarities, some material differences can affect a valuation. In a recent BVR webinar, Hospice Valuation: Trends, Value Drivers and Physician Compensation, experts Darcy Devine and William Hamilton, both of Buckhead FMV, gave an overview of what exactly a home hospice business is and some of the main factors to consider when valuing these types of companies. Read more >>

In Memory of Tax Court Judge David Laro

BVR is very sad to note that the eminent David Laro, a senior judge of the United States Tax Court, passed away on September 21. Valuators in particular looked up to Judge Laro for his unique understanding of the field of valuation and the role it plays in many tax cases. Read more >>

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