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Stay appraised of all the latest business considerations in the jewelry industry! The report explains how jewelry stores operate, the nature of their revenue streams, value drivers, the industry environment, the risks involved, and other key factors.
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Patent Infringement Suit Motion to Exclude Expert Witness
In this patent infringement and validity matter, the defendants have moved for exclusion of the plaintiffs’ technical expert, who was proffered to testify as to infringement and invalidity of five patents-in-suit. The court granted in part and denied in part the defendants’ motion, which included five assertions as to why the testimony should be excluded.
Valuation in Times of High Inflation
Over the past year, inflation rates as measured by the U.S. Consumer Price Index have moderated but remain well above the Federal Reserve’s long-term target rate of 2%. The Federal Reserve continues to take measures to control the elevated levels of inflation by raising interest rates and tightening monetary policy. With elevated inflation levels and high interest rates, valuation analysts continue to be challenged with incorporating these macroeconomic trends into the valuation of closely held ...
Storytelling for the Expert Witness (A BVR Workshop)
In this webinar, forensic expert Michael Kaplan and jury trial consultant and communications specialist Jesse Wilson introduce you to the powerful storytelling skills that will transform technically accurate, matter-of-fact testimony into a compelling and persuasive story.
What’s the ‘Barbie buzz’ worth?
Having a product prominently displayed in a hit movie has value—but how much?
The No. 1 valuation issue that triggers an IRS audit
Discounts continue to be the No. 1 red flag that triggers an IRS audit, according to former IRS manager Michael Gregory (Michael Gregory Consulting LLC), speaking at the recent American Society of Appraisers (ASA) International Appraisers Conference in New Orleans.
Regulatory uncertainty regarding ESOP valuation is a major problem
The regulatory uncertainty around valuations for employee stock ownership plans (ESOPs) is a significant burden that creates undue risk and can “hamper employee-owned businesses,” says Alex Brill, a senior research fellow at the American Enterprise Institute, in a new paper.
Will the AICPA FVS conference be the biggest of the year?
It was the biggest business valuation conference of 2022, and this year’s version should also draw a huge crowd.
Global BV News: Cross-border M&A examined in new CBV Insights
For several reasons, the prevalence of cross-border transactions involving Canadian companies is expected to expand over the next several years.
IVSC signs MOU with French accountants
During the recent annual general meeting of the International Valuation Standards Council (IVSC), a memorandum of understanding (MoU) was signed to commemorate the IVSC’s partnership with the two leading accountancy professional bodies in France, the CNCC and CNOEC.
BV movers . . .
Several staff announcements at Mercer Capital, a national business valuation and financial advisory services firm.
CPE events
Storytelling for the Expert Witness (A BVR Workshop), November 1, 10:00 a.m.-1:45 p.m. PT/1:00 p.m.-4:45 p.m. ET. Featuring: Michael G. Kaplan (Kaplan Forensics) and Jesse Wilson (Tell the Winning Story). CPE credits: 4.0.
Active depreciation charged to business owner in divorce
In a South Carolina divorce case, the business owner (husband) appealed the family court’s decision on the valuation of the family business.
Do Fairness Opinions Adequately Address Fairness to Shareholders?
This article concludes that opinions that speak to fairness of an acquisition to a SPAC are inadequate when they do not consider the impact on unaffiliated shareholders.
Practical Considerations in Normalizing the Risk-Free Rate
Some valuation firms and practitioners have advocated that the risk-free rate of return (Rf) should be normalized when it is believed to be too low because of Federal Reserve Bank policies. Recent arguments for doing so have been based on technical economic analyses but have ignored practical aspects of normalizing Rf. This article is intended to address those practical considerations.
Heat Maps for Valuing Venture-Backed vs. Closely Held Firms
During a recent BVR webinar, Joe Orlando (Exit Strategies Group) and Eric Sundheim (Mercovus Valuations) presented some heat map charts that illustrate the differences between the due diligence, tools, and approaches to valuing a venture-backed firm versus a closely held company.
Valuers Suggest Enhancements to AI-Powered PDF-to-Excel Tool
BVR recently partnered with Nambri Technologies to offer Nambri TaxXL, an advanced AI enterprise SaaS software application designed to convert PDF tax returns into Excel spreadsheets. During a recent demonstration webinar, valuation practitioners suggested some enhancements, which triggered some planned updates to allow for the application to handle additional tax forms.
New Book Offers Template for Assessing ESG Impact on Firm Value
Based on some case studies, a new book includes a template that summarizes steps in assessing whether ESG factors are material enough to integrate into a valuation. The book is Valuation and Sustainability—A Guide to Include Environmental, Social, and Governance Data in Business Valuation, edited by Dejan Glavas (ESSCA, School of Management, Boulogne-Billancourt, France), who also wrote several chapters.
Valuation Matters Highlighted in the Estate of Cecil
A discussion and the valuation implications of several issues in this case: tax affecting an S corporation, applying an asset approach to value a going-concern business, reliance on a single comparable company, and discounts applied to arrive at per-share value.
BV News and Trends October 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends October 2023
Business valuation news from a global perspective.
Untangling Assets and Uncovering the Truth: A Deep Dive into Divorce Financial Forensics
This webinar transcript provides a discussion of methodologies, tools, and techniques needed to untangle complex financials in the context of divorce proceedings ...
Hitchner busts more BV myths
Does the fair market value standard assume a financial buyer, without synergistic benefits?
More AI woes add to cautions
Artificial intelligence is a much-talked-about topic around the business valuation conference circuit, and most of it is cautionary.
Any impact to multiples from Section 174 changes? Not in this industry
The tax code’s Section 174 requires research and experimentation (R&E) expenses to be capitalized and written off over time.