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Valuation Experts Give Initial Thoughts on Tax Reform

Valuation experts were asked for their initial impressions on what to consider when doing valuations under the Tax Cuts and Jobs Act. This will be an evolving discussion.

What’s in the February 2018 issue of Business Valuation Update

Here’s what you’ll see.

Healthcare Reform and Its Impact on Valuation

By now you've heard from the president, both houses of Congress, the media, and even the parliamentarian on what healthcare reform will mean for you personally. Do you know what will it mean for you professionally? In Healthcare Reform and Its Impact on Valuation, BVR will host Mark Dietrich, Elliott Jeter, and Don Barbo, three of the best minds in this field, on what effect healthcare reform and related legislation will have on the valuation of ...

BVU Yearbook 2019 Excerpt

Book Excerpts

BVR has you covered with the Business Valuation Update Yearbook 2019. This newest edition from the publishers of Business Valuation Update covers the year’s most groundbreaking and thought-provoking advancements in business valuation, and more. This critical desktop reference keeps you ahead of your peers with on-the-ground reporting from valuation experts, thought-leaders, and BVR’s editorial team.

The Valuation of Hospitals

Highly regulated, highly fragmented, and uniquely nuanced, hospitals, as a group, can be surprisingly difficult to define. For the appraiser tasked with determining a value to any one of the nearly 6,000 hospitals in the U.S., these and other challenges can greatly impair the valuation process, throwing a defensibility of any valuation conclusion into doubt. In part 2 of BVR's 2012 Online Symposium on Healthcare Valuation, BVR welcomes experts Don Barbo and Robert Mundy for The ...

Business Valuation Year in Review 2018

The new tax law, lively debates, new guidance, a strong protest, and a simpler approach to estimating cost of capital were just some of the highlights in the business valuation profession during 2018.

Impact of Tax Cuts and Jobs Act on Valuation: Six-Month Review (A Web Workshop)

The Tax Cuts and Jobs Act (TCJA) was the biggest change to tax law in over 30 years, containing provisions related to individual and business taxation. Six months in, it is time to digest and discuss the impacts for valuation professionals. This expert-led panel includes Stacey Udell, Michelle Gallagher, Michael Morhaus, and Kevin Yeanoplos and will be sure to deliver an eye-opening discussion about key aspects of the TCJA and how it impacts your engagements.

January 2019 BVU - 2018 BV in Review

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The new tax law, lively debates, new guidance, a strong protest, and a simpler approach to estimating cost of capital were just some of the highlights in the business valuation profession during 2018.

Challenges in Estimating Cost of Captial in Healthcare

Perhaps no industry poses as many challenges to assessing future cash flow and risk as the healthcare industry. Heavily regulated and rapidly changing, it is an industry in which projections can be made easily but in which sound, defensible projections are hard to create. In this webinar, Part 4 of BVR's 2013 Online Symposium on Healthcare Valuation, experts Carol Carden and Don Barbo join us to discuss the factors that create these challenges. From current and ...

2018 Tax Cuts and Jobs Act: Impact on Valuations of C Corps and Pass-Through Entities

The Tax Cuts and Jobs Act impacts the federal tax treatment of C corps, pass-through entities, and their respective ownership interests, and these changes will affect both the conduct of business valuation and the values of businesses and equity ownership interests. The Tax Cuts and Jobs Act contains temporary changes in the individual income tax rate structure, “bonus depreciation,” limitations on state and local tax (SALT) deductions, and “qualified business income” deductions for certain PTEs.

The Jelke Reversal

The Jelke Reversal Teleconference Presentation and Transcript January 17th, 2008 Moderator: Lucretia Lyons Panelists: John W. Porter, Partner at Baker Botts, L.L.P. William H. Frazier, Partner at Howard Frazier Barker Elliott, In ...

Judges Roundtable: View From the Bench

In this very special presentation, BVR's 2011 Online Tax Summit welcomes Judges Laro, Jacobs, and Cohen of the United States Tax Court for their unique perspective on the court and what it expects from expert financial witnesses. Webcast live from the Georgetown Law Center and moderated by expert appraiser Jay Fishman, this presentation is perhaps the only setting where you can hear directly form these jurists on what they expect from attorneys and expert witnesses ...

Financial Experts Guide Excerpt

Book Excerpts

 FINANCIAL EXPERT FOR FAMILY LAW JUDGES AND ATTORNEYS EXCERPT “As a Fellow of the American Academy of Matrimonial Lawyers, I have been involved with many valuation experts and read many books and treatises on valuations of business interests in the family law arena. Ron and Kev have accomplished what, in my view, is the single most important goal that every valuation expert should have: They have managed to simplify—for judges and attorneys both—a subject that is complex and can easily be confusing. Many valuation experts ...

Accountable Care Organizations: What Are They and What Do You Need to Value?

Introduced in recent healthcare reform legislation, accountable care organizations are groups of physicians and hospitals who seek to limit costs and risks and thereby increase profits. As the new kid on the block in the healthcare industry, knowing how to approach these entities—described today as elusive and ephemeral—could be the greatest challenge facing appraisers in the healthcare industry over the coming months and years. In Accountable Care Organizations: What Are They and What Do You Need ...

Valuing Ambulatory Surgery Centers

Over the past decade or more, ambulatory surgery centers (ASCs) have featured prominently in major trends within the healthcare industry. With both for- and not-for-profit hospital systems engaged in joint ventures with ASCs and acquiring practices of physicians who staff ASCs, this segment represents both tremendous opportunity for business appraisers and significant risks and challenges associated with compliance, fraud, and regulatory statutes. In Part 3 of BVR’s 2014 Online Symposium on Healthcare Valuation, two veterans ...

Damages for Violating Noncompetes and Other Common Claims Involving Physicians, Hospitals and Healthcare Facilities

Any appraiser who's approached a healthcare assignment can tell you that the specifics and nuances of the healthcare industry only exacerbate common challenges to the valuation process. In Part 10 of BVR's Online Symposium on Healthcare Valuation series, curator Mark Dietrich joins Kevin Yeanoplos for an in-depth examination of one such area: economic damages. Through their presentation, Dietrich and Yeanoplos will discuss new and emerging trends in assessing and examining economic damage claims in the ...

Advanced Workshop on Taxes and Value: Guidance on the S Corporation Valuation Puzzle

By popular demand, BVR is hosting Nancy Fannon and Keith Sellers for a special encore presentation of the hottest topic of the year: Taxes and Value: Guidance on the S Corporation Valuation Puzzle. In this replay of the blockbuster spring session, the presenters challenge traditional notions about the differences in value between a pass-through entity and the public-market C corporation and reveal an abundance of research that shows that shareholder-level taxes do indeed affect a ...

Healthcare Valuation Legal Check Up: Top Issues, Cases, and Hot Topics

Regulatory scrutiny of health care arrangements and fair market value is at an all-time high. In this webinar Joe Wolfe will discuss top issues, cases and hot topics in health care valuation from an attorney’s perspective. The webinar will cover key regulatory requirements (Stark, Anti-Kickback, tax exemption), enforcement trends, developing best practices for structuring appraisal engagements and potential pitfalls in reviewing and drafting written FMV opinions. Joe Wolfe will also discuss recent government guidance on ...

BVLaw Case Update

Case law matters. Tune into BVLaw Case Update to deepen your understanding of the business valuation and damages litigation landscape. Knowing what goes on in court and what the law is makes you a more effective and sought-after expert. Join veteran valuator, speaker, and teacher Jim Alerding (Alerding Consulting LLC) and BVR’s own legal editor, Sylvia Golden, for a review of a number of significant recent court decisions, including key statutory appraisal rulings from the ...

Advanced Workshop on Taxes and Value: Guidance on the S Corporation Valuation Puzzle

Join Nancy Fannon and Keith Sellers for a special four-hour workshop as they challenge traditional notions about the differences in value between a pass-through entity and the public-market C corporation and reveal an abundance of research that shows that shareholder-level taxes do indeed affect a firm’s value. This workshop will guide participants through the evidence they need to support their valuation conclusions as they learn a new, more direct approach to pass-through entity valuation.

Cannabis Industry and Valuation Update

As a high growth industry, cannabis business valuations are in demand. But, in this highly regulated industry, many “must know” considerations impact engagements. Join experts Brenda Clarke, Stacey Udell, and Ron Seigneur for a discussion of the trends and opportunities facing the cannabis industry. Learn about the sales and tax issues that must be considered, and get an update on M&A and investment activity that are powering values. This experienced panel answers your cannabis questions ...

The ASA/USC Fair Value Conference: A BVR Live Webcast

BVR is pleased to partner with the American Society of Appraisers and the University of Southern California to present a live webcast of the 13th Annual Fair Value Conference at KPMG in Los Angeles. The conference agenda will feature presentations from nationally recognized speakers who are profession leaders, covering a range of fair value measurement and valuation topics, as well as other current and future expected trends regarding the FASB, SEC, and international accounting standards.

Commercial Reasonableness and FMV in Healthcare Valuation

The Stark Law, the anti-kickback statute, the False Claims Act, and Internal Revenue Service 501(c)(3) status all include regulations and sanctions requiring that transactions in the healthcare field be both commercially reasonable and at fair market value. While appraisers and businesses have refined the definition of fair market value over the past several years, such consensus and guidance on commercial reasonableness has yet to be created. Despite this, increased government commentary has underscored the need ...

Restricted Stocks: A Review of Studies and the Market

The existence of restricted stock has been a mixed blessing for the business appraiser. These shares, similar in all ways to their freely traded counterparts—save a restriction on trading—provide direct evidence of the existence of discounts for lack of marketability (DLOM) and the factors influencing the size of the DLOM. In quantity, though, these factors can create a confusing logjam of information, making a clear consensus on the methodology and analysis used in determining DLOMs ...