Highlights of the April 8 issue:
  • Shift more emphasis to numerator, panel says
  • IRS discusses tax implications of COVID-19 legislation
  • Follow-up comments: How to deal with COVID-19 for Dec. 31, 2019, valuations
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Shift more emphasis to numerator, panel says

During this time of crisis, the numerator of the valuation equation needs much more attention than before, said a panel during yesterday’s free BVR webinar.

Follow-up comments: How to deal with COVID-19 for Dec. 31, 2019, valuations

Harold Martin (Keiter) has the following additional comments regarding the appraisal discussed in last week’s BVWire article dealing with a valuation date of Dec. 31, 2019, and whether the impact of the coronavirus should be considered a subsequent event.

Global BV News: VRG releases free webinar on global valuation impacts of COVID-19

A spotlight on pandemic-related market developments in China and Hong Kong, India, Spain, and the U.S. is available as a free webcast from Valuation Research Group.

Global BV News: Look globally during pandemic, panel advises

We’re in more of a global economy today than during previous crises, but the coronavirus crisis will impact pockets around the world differently, points out a panel of global valuation experts in a free webinar the iiBV hosted.

BV movers . . .

Jessica Wiley, CPA, ABV, at Maloney & Kennedy in New Hampshire has joined the board of directors and will serve as treasurer of the Concord Coalition to End Homelessness.

CPE events

Built for BV: The New Platform for Guideline Public Company Comps (Free Webinar) New Date: April 21, 10:00 a.m.-11:00 a.m. PT/1:00 p.m.-2:00 p.m. ET. Featuring: Adam Manson (Business Valuation Resources) and Oday Merhi (Business Valuation Resources ...

IRS discusses tax implications of COVID-19 legislation

In an excellent ABA webinar that summarized and analyzed the COVID-19-related legislation Congress passed to alleviate the economic harm on businesses and persons, IRS Chief Counsel Michael Desmond spoke to some of the efforts the agency is making to achieve implementation.

VPOs to hold free webinar today, April 8, on COVID-19

The American Society of Appraisers (ASA), CBV Institute, Global Association of Certified Valuators and Analysts (GACVA), National Association of Certified Valuators and Analysts (NACVA), and The Royal Institution of Chartered Surveyors (RICS) will jointly host a free virtual town hall on how the COVID-19 pandemic will impact business valuation analysts and appraisal.

Legal avenues for businesses coping with COVID-19 disruption and damages

In Franchising in the Time of COVID-19, an ABA panel recently discussed the scope of the disruption the pandemic has caused for franchisees and franchisors as well as legal doctrines on which franchisees/franchisors might rely to deal with the monetary damages to their businesses.

D&P increases recommended U.S. ERP to 6.0%

Duff & Phelps has increased its recommended U.S. equity risk premium (ERP) from 5.0% to 6.0% for use as of March 25, 2020, according to a client alert.

The IRS to BVers: We want you!

No, not for an audit—the IRS is looking for experienced business appraisers to fill six open positions across the U.S.

Will BV experts see a spike in divorce business?

Yes, it’s likely if the trend in China spreads to here.

How to manage your BV career momentum amid the crisis

Valuation professionals who maintain career momentum during this time of crisis will stand out when it’s all over.

List of links to COVID-19 updates from the valuation community

If you click here, you can get a list of links to the latest insights, research, and guidance in relation to the COVID-19 pandemic published by various valuation organizations and professional bodies.

Global BV News: EIU: Global economy will contract by 2.2%

In the wake of the coronavirus outbreak, the Economist Intelligence Unit (EIU) has revised its growth forecasts for all countries across the world, and the picture is “bleak,” it says in a report.

BV movers . . .

Alec J. Marotto, CPA/ABV, was promoted to principal in the accounting and auditing department at Tronconi Segarra & Associates LLP (Buffalo, N.Y., area).

CPE events

Extreme Uncertainty: How Valuation Experts Should Respond to Today’s Volatility and Risk (free webinar) April 7, 10:00 a.m.-11:40 a.m. PT/1:00 p.m.-2:40 p.m. ET.

How to deal with COVID-19 for Dec. 31, 2019, valuations

Several BVWire readers have asked about how to treat the COVID-19 issue when you have a valuation date of Dec. 31, 2019.

Thoughts and advice on valuations amid the COVID-19 crisis

As the coronavirus pandemic continues its relentless march across the globe, we have reached out to members of the Business Valuation Update Editorial Advisory Board to begin to gather their thoughts on the impact of the crisis on valuations.

Tax Court spurns IRS’ gift tax valuation theory and methodology

In a gift tax dispute, the U.S. Tax Court recently found for the taxpayer when it rejected the unusual reasoning and methodology the Internal Revenue Service’s trial expert proposed to keep low the discounts applicable to the nonvoting membership units in two limited liability companies (LLCs).

COVID-19 updates and guidance from the valuation community

Valuation professional organizations, special interest groups, and valuation and accounting firms are issuing updates and guidance amid the coronavirus pandemic.

New BVR briefing on impact of data breaches on firm value

During this time of crisis, hacking and data breaches are likely to increase.

NACVA, NYSSCPA update BV event plans

Last week, we gave you a rundown of how the coronavirus was impacting BV events.

A sad note …

The American Society of Appraisers announced that ASA International Past President Ronald M. Seaman, FASA, passed away at 88 years old on Tuesday, March 10.

Global BV News: Global VPOs issue guidance and support to valuers during crisis

Valuation experts can look to the latest edition of the International Valuation Standards (under Section 103: “Reporting”) for guidance on valuations during this time of uncertainty, points out Nick Talbot, chief executive of the International Valuation Standards Council (IVSC) in a statement.

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