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.
Free BVR webinar on business valuation during coronavirus offered 7 April
BVR will present Extreme Uncertainty: How Valuation Experts Should Respond to Today’s Volatility and Risk, a free webinar, on 7 April.
10 Special Risk Factors to Consider When Valuing a Dental Practice
Historically, dental practices have had a higher failure rate than the average business because of the special risks these entities face.
BVU News and Trends February 2020
A monthly roundup of key developments of interest to business valuation experts.
BVU News and Trends January 2020
A monthly roundup of key developments of interest to business valuation experts.
Smarter Spreadsheets: Improving the Efficiency and Accuracy of a Valuation in Excel
This Isn’t Your Father’s Microsoft Excel. Spreadsheets are a very useful tool for completing any analysis, not just for business appraisal, but for all kinds of projects. Unfortunately, many users never realize just how powerful Microsoft Excel actually is. Valuation expert and Excel enthusiast Shawn Hyde is here to share all of the functions and tools that have been added over the years that have really make an impact on valuation’s most utilized software. Experience ...
Recession talk driving down small biz valuations
Over half (53%) of business brokers surveyed say a recession is the biggest concern affecting business valuations in the U.S., according to the “Q3 2019 Market Pulse Report.”
BVU News and Trends November 2019
A monthly roundup of key developments of interest to business valuation experts.
Rohling the Dice With a Calculation Engagement
In a divorce case in Alabama. An appeals court affirmed the trial court’s acceptance of a calculation engagement. But the case does not represent a legitimate victory for calculation engagements as much as it represents a win by forfeit.
GDP growth slowed in 3Q 2019 per Economic Outlook Update
The U.S. economy—as indicated by GDP—grew at an annual rate of 1.9% in the third quarter of 2019, which is slower than the downwardly revised rate of 2.0% reported for the second quarter of 2019, according to the 3Q 2019 Economic Outlook Update (EOU).
Cannabis appraiser comments on recent guidance
Last week’s BVWire covered the September 2019 AICPA FVS Eye on Fraud quarterly report, “Marijuana and Forensic Accounting—High Times for CPAs?”
Pointers for expert witnesses from the AICPA FVS conference
BVWire sat through several excellent sessions involving valuations for litigation purposes at the 2019 AICPA Forensic and Valuation Services Conference in Las Vegas.
AICPA guidance cautions on cannabis valuations
The American Institute of CPAs details the risks and opportunities for CPAs working in the cannabis industry in the latest “FVS Eye on Fraud” report.
Novel issue of law raised in ESOP case that pits trustee against appraiser
A fairly routine ESOP case that is being litigated in the 4th Circuit has raised a novel legal issue in this jurisdiction as to the financial liability of co-fiduciaries and nonfiduciaries, including the ESOP appraiser.
How to succeed as a business valuation expert, from a Queen’s Counsel who’s seen the best—and the worst
One of the most engaging—and humorous—presentations from the recent ICAEW Valuation Community Annual Conference at Moorgate Place came from Augustus Ullstein QC.
BVU News and Trends October 2019
A monthly roundup of key developments of interest to business valuation experts.
Global survey launched on BV reporting practices
The Advisory Forum Working Group (AFWG) of the International Valuation Standards Council has launched a survey to identify the most common differences between business valuation for reporting purposes around the world and potential difficulties for achieving consistency with IVS, the global standards.
WeWork: Translating a business into a story with numbers
A great example of taking a business model and turning it into a narrative with numbers (something that is critical for a good valuation report) is in a recent blog post by Dr. Aswath Damodaran (New York University Stern School of Business) on the unraveling of the WeWork IPO.
Calculation engagements headline NACVA Connecticut chapter conference
There was a lot of interest in the audience on calculation engagements, which was the lead-off presentation by Jim Alerding (Alerding Consulting LLC) at a full-day conference sponsored by the Connecticut chapter of the National Association of Certified Valuation Analysts (NACVA).
BV and litigation seminar in New Haven, Conn., September 26
There’s a unique opportunity to hear from a veteran valuation expert with many years of experience in court, and BVWire will be there! Appraiser Jim Alerding (Alerding Consulting LLC), who has testified in over 400 cases, will present a full-day seminar, Business Valuation and Litigation.
Remy v. Lubbock Nat’l Bank
In ESOP case, court finds ERISA provides for right to contribution among co-fiduciaries but finds trustee defendant has no right to contribution from nonfiduciary ESOP appraiser if trustee were found liable to ESOP for losses; court dismisses third-party complaint against ESOP appraiser.
Trustee’s Claim for Contribution Against ESOP Appraiser Collapses
In ESOP case, court finds ERISA provides for right to contribution among co-fiduciaries but finds trustee defendant has no right to contribution from nonfiduciary ESOP appraiser if trustee were found liable to ESOP for losses; court dismisses third-party complaint against ESOP appraiser.
Small biz optimistic despite financing angst
Even with almost half (49%) of small to midsize businesses claiming that the current business financing environment restricts growth opportunities, businesses appear to be confident about the future, with 68% of them expecting increases in revenue over the next year.
BVU News and Trends July 2019
A monthly roundup of key developments of interest to business valuation experts.
Sources of deal data for insurance agencies
During a recent BVR webinar on insurance agency valuation, the audience asked Lucas Parris (Mercer Capital) about sources of deal transaction data.