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Tax Valuations Are the Main Profit Driver for BV Firms, Per BVR Survey

Valuations for income, estate, and gift tax purposes are the most profitable for business valuation firms, according to a BVR survey. These valuations leap-frogged over litigation services and valuations for transactions/M&A purposes, which topped the list in 2018.

More Perspectives From Young BV Practitioners

For the past few years, NACVA has been giving a forum to young business valuation professionals so they can give their perspectives on the profession and what keeps them interested and motivated. At the December NACVA Super Conference, a panel discussion continued this tradition.

BV News and Trends March 2024

A monthly roundup of key developments of interest to business valuation experts.

Disconnect woes plague BV firms using remote staff

“Loss of human interaction” is the biggest drawback of a remote or hybrid work arrangement, cited by over half (53%) of BV firms recently polled.

Reminder: IRS is hiring a flock of BV experts

Honolulu; Palm Springs, Calif.; Las Vegas; Orlando, Fla.; and even the Bronx, N.Y., are just a few of the 249 locations for which the IRS is hiring 31 business valuation experts, according to a job announcement, which is available if you click here.

How BV firms are coping with remote workers

Early results from our latest “Two-Minute Practice Builder” survey reveal that the vast majority of BV firms are on a hybrid work arrangement, i.e., some staff in-office and some working remote.

Today is the deadline for TAF’s demographic survey

Please take a three-to-four-minute survey from The Appraisal Foundation (TAF) designed to gather demographic data about the appraisal profession and help shape the group’s current and future diversity-related activities.

BVR Power Panel offers insights into recent issues

BVR has an ongoing webinar series of Power Panels, consisting of veteran practitioners and thought leaders covering recent trends and issues.

‘Disclose me,’ AI tells appraisers

“Appraisers should be encouraged to clearly state whether they authored a report or relied on AI models for content generation.”

What is your firm’s experience with remote work?

That’s the topic of this month’s “Two-Minute Practice Builder” survey.

TAF launches second demographic survey

The Appraisal Foundation (TAF) has a survey designed to gather demographic data about the appraisal profession and help shape the group’s current and future diversity-related activities.

The IRS is looking for you

Don’t panic—it’s not about an audit.

AI Concerns, Experiments Highlight NACVA Confab

This is a recap of several interesting sessions at the December NACVA Business Valuation & Financial Litigation Super Conference in Fort Lauderdale. The sessions discussed ethics issues and presented some demonstrations of how to leverage AI in a valuation practice.

Quality Control Is Now the No. 1 Concern of BV Firms

What keeps business valuation firm managers up at night? Mostly, they worry about maintaining control over the quality of the work product, according to the Business Valuation Firm Benchmarking Guide. This article presents the other top concerns.

IRS hiring BV experts—virtual open house February 29

Want to relocate to Hawaii? That’s one of the locations for which the IRS needs to hire business valuation experts to join its team.

Registration open for the ASA Fair Value conference in New York City

On April 25, the ASA will hold its Fair Value Conference in New York City for both in-person and virtual attendance.

Unexpected results from survey on AI usage at BV firms

“More practitioners are using AI than I would have guessed,” says Rod Burkert (Burkert Valuation Advisors), a practice management advisor, about the latest in a series of “Two-Minute Practice Builder” surveys he developed for BVWire.

Afraid of AI? Get over it, say tax pros

“Whether or not you’re afraid of AI, we’re going to need it to meet the demand for services,” said Scott Kadrlik, managing partner at Meuwissen, Flygare, Kadrlik & Associates, quoted in an article for Accounting Today.

Reminder: Take a quick survey on AI

Is your firm using AI in its practice? And for what? What are your peers using it for? Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.

Are your peers using AI in their practice—and for what?

Find out by taking a very short survey—the latest in our “Two-Minute Practice Builder” surveys.

Two New York City conferences set dates for 2024

On April 25, the ASA will hold its Fair Value Conference in New York City for both in-person and virtual attendance.

BV Year in Review 2023: Recruiting Push

The business valuation profession continued to thrive in 2023 amid ongoing challenges, such as how to reflect uncertainty, inflation, and market volatility in valuations. But another issue loomed large in the profession: attracting and retaining new young talent.

BV News and Trends January 2024

A monthly roundup of key developments of interest to business valuation experts.

Global BVU News and Trends January 2024

Business valuation news from a global perspective.

Survey results: Data collection tools

More than two-thirds (78%) of valuation experts use an online tool to collect documents and other information from clients, according to the first in a series of “Two-Minute Practice Builder” surveys.

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