Business Valuation Update
- How to Review a Report’s Valuation Methodology
- Ideas for Solving Two Problems in the BV Profession
- How Do Your Firm’s Benefits Stack Up?
- Using Rule of Thumb Data to Uncover Cooked Books
BVU PROFILE: Insights Into the Business Valuation Profession and Practice in Australia
BVU recently spoke with John-Henry Eversgerd, a valuation specialist in Australia with over 20 years of valuation and financial analysis experience. He is one of the founders of the publication Business Valuation Australia and has launched and led a valua ...
Top BV Experts Field Tough Questions at NACVA ‘Hardball’ Session
Most conference sessions are scripted affairs, but not “Hardball With Hitchner,” one of the most popular sessions at the recent NACVA annual conference in San Diego. This session has become a tradition over the years, and it’s where you get to hear unfett ...
Valuation Considerations in High Inflationary Environments
With inflation at its highest level since the Great Inflation, valuation analysts will have to consider macroeconomic factors that have not been present in the U.S. economy in over 20 years.
Current Overview of IRC §409A Regulations
This overview is an extract from Neil s new BVR s Guide to Valuations for IRC 409A Compliance, released this month.IRC 409A was created by the American Jobs Creation Act of 2004. It materially changed the tax treatment of nonqualified deferred compensation plans and other related compensation arrangements. It covers a multitude of situations, including deferred compensation provisions in various types of agreements (including offer letters and employment; and non-compete and consulting agreements), bonus plans ...
Valuing Shareholder Loans in Divorce: Sorting Out the Problem
It is common during the valuation process for a valuation analyst to identify a shareholder loan recorded in the books of a business. In some circumstances, this loan—an amount owed by the company to the owner or by the owner to the company—becomes a sign ...
Pitfalls to Avoid when Performing a Fairness Opinion
Boards of directors, trustees, and attorneys frequently rely on fairness opinions when evaluating merger and acquisition transactions, especially in the current economic environment. However, changes in regulations and case law have altered the landscape ...
BVU News and Trends November 2018
A monthly roundup of key developments of interest to business valuation experts.
Valuers and Forensics Experts Converge at the 2019 AICPA FVS Conference
A mix of topics had something for everyone at this conference. Of note were some excellent sessions on expert testimony and there was a definite emphasis on fair value for financial reporting.
Book Review: Best Practices: Thought Leadership in Valuation, Damages, and Transfer Price Analysis
A “gem” is what this reviewer calls a new book by Robert F. Reilly and Robert P. Schweihs of Willamette Management Associates.
Valuing Fractional Interests in a Vacation Home: A Conversation With Eric Nath
On May 10, 2010, Judge Halpern of the U.S. Tax Court decided on Ludwick v. Commissioner (T.C. Memo 2010-104), a case that involved a 50% undivided interest in a vacation home on Hawaii’s Big Island. The application of valuation discounts to undivided half ...
BV News and Trends December 2023
A monthly roundup of key developments of interest to business valuation experts.
BV News and Trends November 2021
A monthly roundup of key developments of interest to business valuation experts.
Valuing Voting Rights in an IP Holding Company
Oftentimes, companies maintain differing classes of stock ownership, with one class maintaining additional rights (superior, or “Class A” shares), and other classes that may not be maintaining such additional rights (inferior, or “Class B” shares). Valua ...
Law professor sees ethical obligation for basic grasp of business valuation
In my Close Corporations Seminar, my students spend several weeks learning the concepts and the language of business valuation. That is not because I think lawyers should attempt to get into the busin ...
Langer: Team Approach Essential to Successful Estate Tax Valuation
Tax Court accepts 47.5% combined discounts on minority, non-managerial interest in FLP that holds commercial real property.
Book Review: Understanding Business Valuation, 6th Edition
Gary Trugman (Trugman Valuations) has updated his book, which shows you how to apply valuation theory with practical examples from actual engagements and sample valuation reports, written in an easy-to-understand style.
It’s in There! So What Else Is Included in Your Estimated Cost of Capital?
In a long-running TV ad for spaghetti sauce during the 1980s, a pitchman repeatedly responds to inquiries about the product’s ingredients with the phrase: “It’s in there!” This response might also apply to your estimated cost of capital.
Fair Value, Statutory Appraisals, Crypto, ESG, PE Deals, and More at the NYSSCPA BV Conference
As usual, the annual New York State Society of CPAs’ Business Valuation and Litigation Services Conference presented some very interesting and useful information. This article provides a recap of what was discussed.
Determining the FMV of Small Privately Held Promissory Notes
The appraisal of promissory notes is an area of business valuation that has not received much attention from academic journals. Appraisers are taught to use corporate bonds as comparable investments, but they are much too large and marketable to be used as a proxy for most privately held promissory notes. This article introduces the concept of using Business Development Company (BDC) rates to value small promissory notes.
Avoiding Complications and Disparate Opinions of Value in Buy-Sell Agreements
Editor’s note: Buy-sell agreements are a key element in exit planning, an area of increased interest among business valuation professionals. The authors’ previous articles in the March 2015 and April 2015 issues of Business Valuation Update gave an overvi ...
Business Valuation Year in Review 2016
It was an eventful year for the business valuation profession in 2016, both from a U.S. and global perspective. Here is a wrap-up of some of the more notable developments, some of which set the stage for 2017 and beyond.
How the IRS Evaluates BV Appraisals on Appeal: A 16-Point Checklist
The mission of the Appeals Division is to resolve tax controversies, without litigation, on a fair and impartial basis and in a manner that will enhance voluntary compliance and public confidence in the integrity and efficiency of the IRS. The Appeals Off ...
Damodaran’s Warning Signs That a ‘Valuer’ Is Becoming a ‘Pricer’
Business appraisers should look carefully at their work to clarify the distinction between pricing and valuing a business or asset. That was one of the key points Dr. Aswath Damodaran (New York University, Stern School of Business) made to an audience (bo ...
BVU Profiles: Business Valuation From the Perspective of an Appraiser in Italy
Ascanio Salvidio is a chartered accountant and auditor and has a valuation practice in Rome, Italy. His firm, Salvidio & Partners (www.salvidio.com), specializes in economic and financial analyses for valuation and litigation purposes. A Fellow of the Roy ...
Global BVU News and Trends April 2020
Business valuation news from a global perspective.