August 1 deadline for The Appraisal Foundation board members
The Appraisal Foundation is currently conducting its annual search for qualified candidates to serve on the Appraisal Standards Board (ASB) and the Appraiser Qualifications Board (AQB).
Global BV News: V20 Valuation Summit and Conference in India October 27-29
The Assessors and Registered Valuers Foundation (AaRVF) and the International Valuation Standards Council (IVSC) will co-host the V20 (Valuation 20) conference October 27-29 in New Delhi, India.
Replays available of free webinar series from the IVSC and Kroll
Recordings are now available of the Kroll-sponsored series of webinars presented by the International Valuation Standards Council (IVSC) from June 7 through June 15.
Business Valuation Through an ESG Lens
Understand the risks that environmental, social, and governance (ESG) factors impose on business values. This presentation will begin with an overview of ESG and the current regulatory and disclosure environment. Next, the presenters will dive into the impact that ESG scores have had on investment policies and credit decisions. Lastly, the webinar will cover the impacts of ESG on business values including the ESG components considered in the new IVSC exposure draft.
Value-based billing gains steam at BV firms
Value-based billing is becoming more prevalent at business valuation firms, according to preliminary results of BVR’s Benchmarking Survey.
Global BV News: New IVSC Perspective Paper on technology
“Deciphering Technology” is the title of a new paper in a series of Perspective Papers from the IVSC.
Today! NACVA’s July super conference starts
There is a lot to choose from at the NACVA’s “super” conference in Snowbird (Salt Lake City) that starts today, July 12, with preconference sessions, and the main conference is July 13-14.
‘Fawning terms’ help sink valuation
In an Iowa divorce case, the appellate court affirmed the trial court’s decision to reject the valuation of the husband’s expert for one of his three businesses.
BVR to Identify Top-Performing BV Firms and Practices
Since 2007, Business Valuation Resources has been surveying BV firms and practices, collecting the most comprehensive data on operations, financial metrics, compensation, staffing, marketing, billing, resources used, and more. BVR is launching the latest version of this survey—with a new twist.
Valuers Run the Risk of Mismatching Inflation Assumptions
During a presentation in the United Kingdom, Nick Forrest (UK Economics Leader for PwC) made some observations that should resonate with business valuers worldwide. In the UK, the Bank of England established its target inflation rate of 2%, but inflation varies hugely from this target, even during noninflationary periods, depending on which factor an analyst uses.
BV News and Trends June 2023
A monthly roundup of key developments of interest to business valuation experts.
Global BVU News and Trends June 2023
Business valuation news from a global perspective.
Last call! June 30 is the deadline for BVR’s benchmarking survey
This Friday, June 30, is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.
The Appraisal Foundation seeks ASB and AQB board members
Many valuation experts give back to the profession by serving on various boards and committees.
Global BV News: In Canada, attorneys seek ‘schedules only’ valuations
Apparently to save time and money, attorneys in Canada are asking for just the schedules a valuer prepares, not a report, according to speakers at the recent CBV Connect 2023, hosted by the CBV Institute, Canada’s valuation professional organization (VPO) and standard-setter.
Chalasani v. Bollempalli
In this Arizona appeal of a divorce case, the husband physician did not engage a valuation expert and impeded the discovery of information relevant to the valuation to the wife’s valuation expert. The Appeals Court affirmed the trial court’s decision of value and its apportionment of 50% of the husband’s value in the practice, noting the lack of an expert by the husband and the failure of the husband’s practice to cooperate with the wife’s expert.
Appeals Court Affirms Value of Husband’s Medical Practice—He Fails to Provide Expert Testimony as to the Value
In this Arizona appeal of a divorce case, the husband physician did not engage a valuation expert and impeded the discovery of information relevant to the valuation to the wife’s valuation expert. The Appeals Court affirmed the trial court’s decision of value and its apportionment of 50% of the husband’s value in the practice, noting the lack of an expert by the husband and the failure of the husband’s practice to cooperate with the wife’s expert.
Mercer examines the future of the BV profession
Essential reading for anyone connected to the business valuation profession is a new white paper from veteran valuer Chris Mercer (Mercer Capital).
Kroll lowers recommended ERP to 5.5%
Kroll has decreased its recommended U.S. equity risk premium (ERP) from 6.0% to 5.5% when developing USD-denominated discount rates as of June 8, 2023.
Borrowman gives BV recruiting insights on AICPA podcast
After over 25 years of recruiting talent exclusively in the business valuation profession, John Borrowman (Borrowman Baker LLC) revealed recent trends and what the profession can do to lure more young people into the fold.
Next week is the deadline for BVR’s benchmarking survey
June 30 is the deadline to participate in BVR’s 15-year effort to help understand what makes a good BV practice a great one.
IVSC’s Talbot to give keynote at ASA annual conference
BVWire is looking forward to hearing about how Nick Talbot got through a few near-death experiences, including being on Mount Everest for the two worst natural disasters in history.
Construction Company Valuation
This webinar will provide insight into valuing residential and commercial construction companies. We will cover the approaches and methods that are most commonly used. In addition, we will cover the nuances that one needs to be aware of when valuing these types of companies.
Pemberton v. Pemberton
In this complex Minnesota divorce case, the appellate court was taxed with multiple issues to decide. Among those issues was the value of the two businesses the husband owned in whole or part. The district court determined values based on the wife’s expert’s valuation report. The husband’s expert was not engaged to give a valuation opinion. The appellate court did not take the husband’s expert’s criticisms and comment on value into account. The appellate court also found no error in the district court dividing the combined 2020 tax liabilities for the parties in two and allocating half to each party, nor in its decision not to allocate the husband’s excess tax paid as a result of filing separately in 2018 and 2019.
Appellate Court Affirms Value of Businesses and Tax Liability Issue
In this complex Minnesota divorce case, the appellate court was taxed with multiple issues to decide. Among those issues was the value of the two businesses the husband owned in whole or part. The district court determined values based on the wife’s expert’s valuation report. The husband’s expert was not engaged to give a valuation opinion. The appellate court did not take the husband’s expert’s criticisms and comment on value into account. The appellate court also found no error in the district court dividing the combined 2020 tax liabilities for the parties in two and allocating half to each party, nor in its decision not to allocate the husband’s excess tax paid as a result of filing separately in 2018 and 2019.