Category: Valuation & Appraisal
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Estate Tax Implications of Connelly vs. IRS
Life insurance proceeds are considered corporate assets, and need to be included when calculating the value of the company, potentially imposing additional estate tax liabilities. There are multiple ways to avoid this, including designating the individual owners as beneficiaries of the life insurance policy rather than the corporation. Background Brothers Michael and Thomas Connelly were…
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Special Issues in Intellectual Property Valuation
Intellectual property valuation is a complicated subject. Intellectual property valuation is hindered by the difficulty of sourcing financial information specific to the intellectual property. It is difficult (though not impossible, that is what Our Experts do) to separate the economic effects of an intellectual property from that of the company exploiting them. Intellectual property suffers…
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Key Qualities of an Effective Expert Witness
Engaging the right expert witness can be pivotal to the success of a case. Expert witnesses are called upon to help the court explain complex material to assist the court in understanding highly technical issues. Lawyers must consider these qualities to ensure that their witness is credible, persuasive, and reliable. The following are the most…
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Determining Reasonable Executive Compensation
Background For a wide variety of purposes, including business valuation, assessing minority shareholder claims, and the assessment of payroll and income taxes, it is necessary to consider the reasonableness of executive compensation. This is particularly true when the executive is also the controlling person of the business paying the compensation. Valuation analysists do this as…
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How to Value: Food Service Contractors
Industry Description The food service contractors industry provides food services at institutional, governmental, commercial, or industrial locations (NAICS 722300). Locations where food services are provided include airports, food courts, sports venues, and college and university cafeterias. The following are some basic characteristics of the food service contractors industry: Industry Trends The food service contractors industry…
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Producing QuickBooks Online is Easy
If opposing counsel is claiming that producing QuickBooks Online accounting records cannot be done, or doing so would be difficult and overly burdensome, it is not. Producing a QuickBooks Online for litigation can be done in a few short minutes. There is no need to make any changes or modifications to the file, the company’s…
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Producing QuickBooks Desktop is Easy
If opposing counsel is claiming that producing QuickBooks Desktopaccounting records cannot be done, or doing so would be difficult and overly burdensome, it is not. Producing a QuickBooks Desktop file for litigation can be done in a few short minutes. Copy, paste. There is no need to make any changes or modifications to the file,…
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Business Valuation – Guideline Companies
Business valuation is as much an art as it is a science. The “science” is a series of prescribed processes and analyses you need to perform on the path to reaching credible results, which most accountants (myself included) learn a classroom. The “art” comes from the significant professional judgement that must be applied to reach…
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Business Valuation – Financial Statement Analysis
Business valuation is as much an art as it is a science. The “science” is a series of prescribed processes and analyses you need to perform on the path to reaching credible results, which most accountants (myself included) learn a classroom. The “art” comes from the significant professional judgement that must be applied to reach…
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Business Valuation – Ways to Value
Business valuation is as much an art as it is a science. The “science” is a series of prescribed processes and analyses you need to perform on the path to reaching credible results, which most accountants (myself included) learn a classroom. The “art” comes from the significant professional judgement that must be applied to reach…