Develop your young BV staffers’ interpersonal skills
How to communicate with clients effectively is one thing young BV professionals say they need more help with from their veteran colleagues.
Global BV News: All markets unstable, per KPMG valuation pros
The Q3 2022 International Valuation Newsletter from KPMG Switzerland includes articles on valuation in times of geopolitical tension, macroeconomic shifts, and microeconomic challenges.
Mikalacki v. Rubezic
In this Arizona marital dissolution case, the Court of Appeals affirmed the trial court’s acceptance of a calculation of value to determine the value of a couple’s law practice, awarded to the husband as part of the equitable distribution. Other matters not related to valuation issues were part of the appellate decision.
Arizona Appeals Court Affirms Trial Court’s Acceptance of a Calculation of Value
In this Arizona marital dissolution case, the Court of Appeals affirmed the trial court’s acceptance of a calculation of value to determine the value of a couple’s law practice, awarded to the husband as part of the equitable distribution. Other matters not related to valuation issues were part of the appellate decision.
Champions Retreat Golf Founders, LLC v. Comm’r
The Tax Court, on remand from the 11th Circuit, which decided that the taxpayer was entitled to a charitable donation for donation of a conservation easement, now valued that interest to determine the amount of the donation deduction. Both parties presented valuation opinions from expert appraisers. The Tax Court determined that the highest and best use of the property before and after the grant of the easement was the key to the determination of the value of the easement. The Tax Court then analyzed the evidence from the expert appraisals to arrive at a value of the easement.
On Remand, the Tax Court Determines the Value of a Conservation Easement From a Golf Course
The Tax Court, on remand from the 11th Circuit, which decided that the taxpayer was entitled to a charitable donation for donation of a conservation easement, now valued that interest to determine the amount of the donation deduction. Both parties presented valuation opinions from expert appraisers. The Tax Court determined that the highest and best use of the property before and after the grant of the easement was the key to the determination of the value of the easement. The Tax Court then analyzed the evidence from the expert appraisals to arrive at a value of the easement.
Furrer v. Siegel & Rouhana, LLC
A name attorney in a Maryland law firm withdrew after having his license suspended. He sued the firm for compensation for his 26.5% interest in the firm. The firm countersued for damages related to his mistreatment of client accounts. The trial court determined a value of his interest and also determined damages that the attorney owed the firm for his mistreatment of client accounts. The appellate court affirmed the damages but remanded the valuation of the 26.5% interest.
Maryland Appellate Court Remands for Valuation of Withdrawing Member’s Interest in Law Firm and Affirms Damages Award
A name attorney in a Maryland law firm withdrew after having his license suspended. He sued the firm for compensation for his 26.5% interest in the firm. The firm countersued for damages related to his mistreatment of client accounts. The trial court determined a value of his interest and also determined damages that the attorney owed the firm for his mistreatment of client accounts. The appellate court affirmed the damages but remanded the valuation of the 26.5% interest.
Global BV News: ASA signs MOU with India VPO
The American Society of Appraisers (ASA) and the Association of Valuation Professionals (AVP) of India have signed a Memorandum of Understanding (MOU) to pursue potential future collaboration in information exchange, education, and potentially accreditation.
Tennessee moonshine formula caught up in business divorce
A partner in a Tennessee distillery making flavored moonshine felt the other two partners improperly disaffiliated him.
Some surprising takeaways from the VSCPA BV conference
The Virginia State Society of CPAs held its 22nd annual Forensic and Valuation Conference. Harold Martin (Keiter) chaired the two-day conference and acknowledged the help of a task force in putting the event together. The sessions and speakers were top-notch, and some of the takeaways from the first day’s sessions may surprise you.
Global BV News: IVAS-IVSC conference this week: October 6-7
The leading business valuation conference in Asia Pacific has been the IVAS-IVSC Business Valuation Conference, and the next one will be October 6-7.
Moran adds to videos aimed at attracting young BV practitioners
Ray Moran (FON Valuation Services), the marketing director of the International Institute of Business Valuers (iiBV), continues to add to his series of interesting videos designed to spark interest in younger individuals and university students about a career in valuation.
BV News and Trends September 2022
A monthly roundup of key developments of interest to business valuation experts.
Global BV News and Trends September 2022
Business valuation news from a global perspective.
Starts today: Back-to-back BV conferences
The New Jersey CPA Society will hold its Forensic and Valuation Services Conference today, September 28 as a live webcast.
Closing soon: Survey of young ASA BV practitioners
The American Society of Appraisers, together with Business Valuation Resources (BVR) and the recruiting firm Borrowman Baker, is conducting a survey of ASA members under the age of 40 whose primary discipline is business valuation.
Global BV News: EACVA and IVSC launch European BV magazine
The European Association of Certified Valuators and Analysts (EACVA) and the International Valuation Standards Council (IVSC) have released the first edition of the new European Valuation Business Valuation Magazine (EBVM).
On-the-ground report from the ASA International Conference
Appraisers from all disciplines met in Tampa, Fla., and online for the ASA 2022 International Conference September 10-12.
A ‘field guide’ to BV just released
Based on all of the questions business owners have asked them over the years, appraisers Casey Karlsen and Seth Webber of BerryDunn have put together a helpful book, A Field Guide to Business Valuation.
Two state CPA society BV conferences coming up back-to-back
BVWire has had the pleasure of attending valuation conferences various state CPA societies sponsored.
Reminder: Survey of young ASA BV practitioners
The American Society of Appraisers, together with Business Valuation Resources (BVR) and the recruiting firm Borrowman Baker, is conducting a survey of ASA members under the age of 40 whose primary discipline is business valuation.
Global BV News: Student BV Challenge launched in Canada
The CBV Institute has launched its inaugural Business Valuation Challenge, a national case competition for undergraduate students from top business schools across Canada.
Logue v. Logue
In this marital dissolution case in North Carolina, the appellate court affirmed the trial court’s determination of value of the wife’s dental practice. The trial court determined the value based on the value of the entire practice determined several years before the separation date. That value was determined by appraisals by professional appraisers to determine the buyout of the husband’s father’s 50% interest in the practice. No evidence of value as of the separation date was provided by the parties who decided not to hire appraisers to assess the value at the separation date.
North Carolina Appellate Court Values a Dental Practice Based on a Two-Year-Old Purchase of an Interest in the Practice
In this marital dissolution case in North Carolina, the appellate court affirmed the trial court’s determination of value of the wife’s dental practice. The trial court determined the value based on the value of the entire practice determined several years before the separation date. That value was determined by appraisals by professional appraisers to determine the buyout of the husband’s father’s 50% interest in the practice. No evidence of value as of the separation date was provided by the parties who decided not to hire appraisers to assess the value at the separation date.