Highlights of the May16th  issue:
  • Sold-out ASA event underscores importance of fair value
  • ESOP settlement involves Vermont company
  • BVLaw recent case additions
  • Think your social media marketing is not working?
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Be the first to know about changes affecting the business valuation profession. The BVWire ezine brings you current news every Wednesday. From the buzz of the latest professional conference or the best new financial research resources, to the impact of last week's tax case or to this week's IRS, FASB or Appraisal Foundation announcement, BVWire guarantees you won't miss a thing. It's free, it's fast to read, and it contains everything you need to know about the evolving business valuation profession.

Sold-out ASA event underscores importance of fair value

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.

ESOP settlement involves Vermont company

Vermont Business Magazine recently reported that the DOL settled its ESOP litigation involving First Bankers Trust Services (FBTS) and the principals of a Vermont company, Sonnax Industries, the maker of automatic transmission parts.

BVLaw Recent Case Additions

Case law matters. Check out these three divorce decisions, recently added to BVLaw, which arose in different states and which all dealt with the question of whether it was appropriate to discount the owner-spouse’s interest in a closely held business.

Think your social media marketing is not working?

Many valuation firms say they feel their involvement in social media is not a very effective way to market their practices, according to the findings in the BV Firm Economics & Best Practices Guide.

Valuing cryptoassets

It’s tricky, and the science is still emerging for valuing cryptoassets, says an article in MIT Technology Review.

Global BV News: APEC issues IP valuation manual

In the wake of two three-day workshops titled Promoting Innovation Through a Mechanism for IP Valuation, Financing and Leveraging IP Assets held in Manila, Asia-Pacific Economic Cooperation (APEC) has issued the Intellectual Property (IP) Valuation Manual: A Preliminary Guide.

BV movers . . .

Robb Strukoff has joined Milwaukee-based Wipfli as director in the firm’s healthcare practice focusing on the senior living market.

CPE events

Fundamentals of Financial Modeling (May 16), with Mark Shirley (V&L Consultants).

New and Trending LinkedIn Discussions

Your discussion could be featured here.

Letter to the Editor of BVWire re: control premiums

Your recent announcement about the 13th Annual Fair Value Conference in Los Angeles may leave unwary readers with the impression that the MPAP guidance on control premiums in VFR #3 applies to all business valuation work.

Sample size debate spills over onto LinkedIn

What’s the minimum number of transactions that should be used from a database such as BIZCOMPS or Pratt’s Stats?

New guidance for AI fund valuations

The Alternative Investment Management Association (AIMA) and its private credit affiliate, the Alternative Credit Council (ACC), have published new guidance for fund managers in valuing their investments.

Flowchart seeks to sort out QBI

Arguably the most puzzling provision of the Tax Cuts and Jobs Act is the New IRC Code Section 199a, which allows a 20% write-off of “qualified business income” (QBI) for sole proprietors, owners of S corporations, and members of partnerships/LLCs.

Update on the hospice market and valuations

The hospice market is fragmented with many small independent players that are not associated with health systems, say speakers on a recent BVR webinar.

BV standards and the black box

In an interview, Leigh Miller, EY’s global valuation leader, was asked whether a link needs to be made between business valuation standards and the emergence of automation in valuation.

Tomorrow! Live stream of ASA fair value event

BVWire will be in Los Angeles tomorrow, May 10, at the ASA/USC 13th Annual Fair Value Conference.

Global BV News: Upcoming BV Summit in Mumbai June 6

Ray Moran (MG Valuation) was a speaker at the second of three BV summits being held in India and tells BVWire that he will be providing us with a recap of the event.

BV movers . . .

Christian Heuer has joined Nashville-based accounting and business consulting firm LBMC as senior manager, healthcare valuation services.

CPE events

The ASA/USC Fair Value Conference: A BVR Live Webcast (May 10), 8:00 a.m.-5:00 p.m. PT/11:00 a.m.-8:00 p.m. ET, see agenda for speaker information.

New and Trending LinkedIn Discussions

Your discussion could be featured here.

Internal IRS memo unearthed re: S corp valuations

During a webinar, Michael Gregory (Michael Gregory Consulting LLC) discussed an internal IRS memo he recently obtained via a Freedom of Information Act (FOIA) request that has implications for valuing noncontrolling interests in S corps.

DOL sues over ESOP; trustee launches Daubert attack

In a developing ESOP case, the court recently excluded a chunk of the government expert’s damages testimony and dismissed one of the counts for lack of damages evidence.

USPAP 2020-21 exposure draft due in May

A first exposure draft of proposed changes for the 2020-21 edition of the Uniform Standards of Professional Appraisal Practice (USPAP) will be published in May 2018.

Firms unprepared for new lease accounting

Only one in five finance, accounting, and other professionals say their companies are “extremely” or “very” prepared to comply with the Financial Accounting Standards Board’s (FASB) and International Accounting Standards Board’s (IASB) respective new lease accounting standards, according to a recent poll from the Deloitte Center for Controllership.

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