a reinal evelment urnal SEPTEMBER/OCTOBER 2018 for the nultin iiline Build Your...
Transcript of a reinal evelment urnal SEPTEMBER/OCTOBER 2018 for the nultin iiline Build Your...
A P R O F E S S I O N A L D E V E L O P M E N T J O U R N A L f o r t h e C O N S U L T I N G D I S C I P L I N E S
on the cover in this issue…
the value examiner SEPTEMBER | OCTOBER 2018 3
8
15
18Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Po
tential
Correc
tions U
pdate Pot
ential
Regulat
ions
and IRS
Gui
dance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks to Consider in the FutureUS Debt
Concerns by the AICPAand Potential Corrections Update
Potential Regulations
and IRS Guidance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks to Consider in the FutureUS Debt
Concerns by the AICPAand Potential Corrections Update
Potential Regulations
and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Reduc
e the N
eed for
Appra
isals
Impact of Accounting Standard
Changes on Business Valuations
Risks to Consider in the Future
US Deb
tConcerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICP
Aand
Poten
tial Co
rrection
s Upda
te
Potent
ial Reg
ulation
s and
IRS
Guidan
ce
Pass-Through EntitiesHigher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICP
Aand
Poten
tial Co
rrection
s Upda
te
Potent
ial Reg
ulation
s and
IRS
Guidan
ce
Pass-Through EntitiesHigher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICP
Aand
Poten
tial Co
rrection
s Upda
te
Potent
ial Reg
ulation
s and
IRS
Guidan
ce
Pass-Through Entities
Higher
Thresh
old for
Estate
Tax Ma
y Redu
ce the N
eed for
Appra
isals
Impact of Accounting Standard Changes on Business Valuations
Risks to Consider in the Future
US Deb
t
Concerns by the AICPAand Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Po
tential
Correc
tions Up
date Pot
ential
Regulat
ions
and IRS
Gui
dance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICP
Aand
Poten
tial Co
rrection
s Upda
te
Potent
ial Reg
ulation
s and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Po
tential
Correc
tions U
pdate Pot
ential
Regulat
ions
and IRS
Gui
dance
Pass-Through EntitiesHigher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Po
tential
Correc
tions U
pdate Pot
ential
Regulat
ions
and IRS
Gui
dance
Pass-Through EntitiesHigher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Po
tential
Correc
tions U
pdate Pot
ential
Regulat
ions
and IRS
Gui
dance
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact
of Acco
unting
Standa
rd
Change
s on Bu
siness V
aluation
s
Risks to Consider in the Future
US Debt
Concerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Th
rough E
ntities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact
of Acco
unting
Standa
rd
Change
s on Bu
siness V
aluation
s
Risks to Consider in the Future
US Debt
Concerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Th
rough E
ntities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact
of Acco
unting
Standa
rd
Change
s on Bu
siness V
aluation
s
Risks to Consider in the Future
US Debt
Concerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Th
rough E
ntities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact
of Acco
unting
Standa
rd
Change
s on Bu
siness V
aluation
s
Risks to Consider in the Future
US Debt
Concerns by the AICPA
and Potential Corrections Update
Potential Regulations and IRS Guidance
Pass-Th
rough E
ntities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate
Tax May Reduce the Need for Appraisals
Impact of Accounting Standard
Changes on Business Valuations
Risks to
Conside
r in the
Future
US Debt Concern
s by the
AICPA
and Pot
ential C
orrectio
ns Upda
te
Potenti
al
Regulat
ions
and IRS
Guidan
cePass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact
of Acco
unting
Standa
rd Cha
nges on
Busine
ss Valua
tions
Risks to Consider in the Future US Debt
Concerns by the AICPA and Potential Corrections Update
Potential Regulations and IRS
Guidance
Pass-Th
rough E
ntities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICPA
and Pot
ential C
orrectio
ns Upda
te Potenti
al Reg
ulations
and
IRS
Guidan
ce
Pass-Through Entities
Higher Threshold for Estate Tax May Reduce the Need for Appraisals
Impact of Accounting Standard Changes on Business Valuations
Risks t
o Cons
ider in t
he Futu
re
US Debt
Concer
ns by th
e AICP
Aand
Poten
tial Co
rrection
s Upda
te
Potent
ial Reg
ulation
s and
IRS
Guidan
ce
Pass-Through Entities
SEPTEMBER/OCTOBER 2018
S P E C I A L I S S U E
6
MAINTAINING PERSPECTIVE ON THE TAX CUTS AND JOBS ACT OF 2017 H.R.1By Sarah von Helfenstein, CVA Signed into law on December 22, 2017 and effective January 1, 2018, the Tax Cuts and Jobs Act (TCJA) is the first overhaul of the U.S. tax code since the Tax Reform Act of 1986. As may be expected, a wide swath of commentators has been exploring potential TCJA effects ever since. To get some sense of the impact of the TCJA on our analytic work, we move the discussion up to the 40,000-foot level, seeking to bring some perspective to the salient issues. Beginning with a brief history of U.S. taxation, we then review two commentaries on the TCJA by well-known valuation experts. We conclude with some thoughts and suggestions of our own.
IMPACT OF ACCOUNTING STANDARD CHANGES ON BUSINESS VALUATIONS By Judith H. O’Dell, CPA, CVAValuation professionals are still dealing with the impact of the Tax Cuts and Jobs Act on valuations, but changes in certain accounting standards issued by the Financial Accounting Standards Board may also affect valuations. Many of the standards issued in the past few years have different effective dates for public and private companies and, adding to the confusion, many Accounting Standards Updates allow for early adoption.
NEW TAX LEGISLATION CONSEQUENCES ON U.S. TRANSFER PRICING AND INTANGIBLES By Guy Sanschagrin, CPA, ABV, MBA The Tax Cuts and Jobs Act of 2017 brought sweeping changes to the international tax landscape, including the transfer pricing arena. Intangible property is at the core of many of these changes. The impact of the new provisions generally furthers the trend of transfer pricing becoming more prescriptive, placing additional strain on and creating potential contradictions with the arm’s-length standard, and may have the unintended consequence of creating double taxation for U.S. multinationals (MNCs)—situations in which U.S. MNCs may be taxed more than once on the same income.
Association NewsThe Association News contains valuable
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next generation method of obtaining the latest updates, news, trends, and activity occurring in the rapidly evolving business valuation and financial forensics profession. Each month, a team of industry experts cover the profession’s leading publications and deliver an online summary of all you need to know.
To learn more about these publications and how to subscribe, visit www.NACVA.com/publications or call Member/Client Services at (800) 677-2009.
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Write an Article, Earn CPE, and Gain RecognitionMany of these publications give authors the opportunity to get published, earn valuable CPE credit, and share their expertise with their peers. To learn more on this opportunity, visit www.NACVA.com/article.
ValExPubAd S-O18.indd 1 10/11/18 1:44 PM
The Tax Cuts and Jobs Act threw a curve ball at the business valuation world. As a result, we are in a state of transition. Business valuation user groups on LinkedIn are offering some important insights into what and how you should react. Professional societies such as the ASA, NACVA, and the AICPA are offering help to their members. This article focuses on some additional elements you should consider going forward and what these may mean to entrepreneur business valuers.
THE TAX CUTS AND JOBS ACT
OF 2018: RISKS TO CONSIDER IN THE
FUTURE
By Michael A. Gregory, CVA, ASA, MBA
A P R O F E S S I O N A L D E V E L O P M E N T J O U R N A L f o r t h e C O N S U L T I N G D I S C I P L I N E S
E D I T O R I A L S T A F FCEO & Publisher: Parnell Black
Senior Editor: Nancy J. McCarthyAssociate Editor: Lynne Johnson
E D I T O R I A L B O A R DChairman:
Lari B. Masten, MSA, CPA, ABV, CFF, CVA, ABAR, MAFF
Past Chairman: Michael Goldman, MBA, CPA, CVA, CFE, CFF
Ashok Abbott, MBA, PhDEric J. Barr, CPA, ABV, CFF
John E. Barrett Jr., MBA, CPA, ABV, CVA, CBAGary W. Baum, MBA, CPA, CVA
Neil J. Beaton, CPA, ABV, CFF, CFA, ASARod P. Burkert, CPA, ABV, CVA, MBA
Lorenzo Carver, MS, MBA, CVAWolfgang Essler, CVA (Germany)
Richard W. Goeldner II, ASA, CBA, CVAJudith Heim O’Dell, CPA, CVA
Andrew M. Malec, PhDDanny A. Pannese, MST, CPA, ABV, CVA, CSEP
Kevin Papa, CPA, CVA, ABVDonald Price, CVA, ASA
Angela Sadang, MBA, CFA, ASAKeith Sellers, CPA, ABV
Richard Trafford, MSc, FAIA, FCT, CVA, CFE, MAFF, PGCLTHE, FHEA (U.K.)
Sarah von Helfenstein, MBA, CVATodd Zigrang, MBA, MHA, FACHE, ASA
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The Value Examiner®departments
4 SEPTEMBER | OCTOBER 2018 the value examiner
S U B M I S S I O N D A T E SIssue Submission Dates Publish DatesNov./Dec. Oct. 15 Jan. 1, 2019Jan./Feb. Dec. 15 Mar. 1, 2019Mar./Apr. Feb. 15 May 1, 2019
A L L S U B M I S S I O N SThe Value Examiner is devoted to current, articulate, concise, and practical articles in business valuation, litigation consulting, fraud deterrence, matrimonial litigation support, mergers and acquisitions, exit planning, and building enterprise value. Articles submitted for publication should range from 500 to 3,000 words. Case studies and best practices are always welcome.
S U B M I S S I O N S T A N D A R D SAll articles should be thoroughly edited and proofread. Submit manuscript by e-mail (in standard word processing format) to Nancy McCarthy: [email protected]. Include a brief biography to place at the end of the article and a color photo of the author. See authors’ guidelines and benefits at www.nacva.com/examiner/Publishing_Articles.pdf. The Value Examiner accepts some reprinted articles, if accompanied by appropriate reprint permission.
R E P R I N T SMaterial in The Value Examiner may not be reproduced without express written permission. Article reprints are available; call NACVA at (800) 677-2009 and/or visit the website: www.NACVA.com.
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P R A C T I C E M A N A G E M E N T
TIPS FOR PRACTITIONERS:EVERYTHING YOU NEED TO KNOW GOING INTO BUSY TAX SEASONBy Jesse Wood Some insights on how to handle the upcoming tax preparation season by a seasoned pro.
PRACTICING SOLO: C. ZACHARY MEYERSBy Rod P. Burkert, CPA, ABV, CVA, MBAThe author interviews sole practitioner C. Zachary Meyers, CPA, CVA, from Putnam County, West Virginia.
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H E A L T H C A R E I N S I G H T S
THE DUE DILIGENCE IMPERATIVE: CONCLUSION(Part Six of a Six-Part Series)By Todd A. Zigrang, MBA, MHA, FACHE, ASAThe first installment of this six-part series set forth an overview of the due diligence imperative for valuation professionals, in the context of the Four Pillars of Healthcare Value, i.e., Reimbursement, Regulatory, Technology, and Competition. The second through fifth installments reviewed the due diligence process related to the reimbursement, regulatory, competitive, and technological environments, respectively. This series conclusion will review the due diligence process generally as it relates to the healthcare industry.
L I T I G A T I O N C O N S U L T I N G
THE PINK ELEPHANT IN THE COURTROOM: UN-IMPEACHING OPINIONS OF CALCULATED VALUE By C. Zachary Meyers, CPA, CVAValuation or calculation, that is the question asked, answered, and argued by judges, experts, lawyers, and industry thought leaders apropos to whether a calculation of value can be used in litigation. This article offers a transparent look at the debate over calculation engagements being used in litigation.
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A C A D E M I C R E V I E W
ACADEMIC RESEARCH BRIEFS:IMPLICATIONS OF THE TCJA Guest Editor: Stephen A. White, CVAThe purpose of this column is to provide the readers of The Value Examiner summaries of contemporary research in business valuation and forensic accounting.
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