Known, Knowable, and Subsequent Events
As previously discussed in the article Date of Valuation, the date of the valuation can have a significant impact on a final business valuation. The primary concept at issue has to do with what is known or knowable on the date of valuation. This concept is simple yet...
Valuations – The Numbers Do Not Always Tell The Correct Story
Possible, Plausible, and Probable - The Art of ValuationThe numbers don’t lie, so goes the old saying. We are taught early on to trust numbers. We learn that if Bob has three apples and Susie gives him two more, Bob now has five apples. This is easy to understand and...
Business Valuation vs Forensic Accounting
In the original 1963 Pink Panther movie, the largest diamond in the world, named the Pink Panther, is stolen from Princess Dala. Then begins Inspector Jacques Clouseau’s never-ending quest to recover the jewel. In this situation, Princess Dala needs two professionals;...
Double Dipping
In Seinfeld, when George Costanza double dips his chip while attending a wake, he is getting two servings of dip using just the one chip. This creates an unpleasant situation for others, as it’s “like putting your whole mouth right in the dip”. In divorce cases,...
Business Valuations – Understanding Normalizing Adjustments
In divorce cases, one of the more difficult assets to divide in property division is an ownership interest in a closely held business. A professional business valuation should be obtained to value the subject company for equitable division purposes. A business...
How to get Tax Returns from the IRS
Tax returns are used for many purposes in addition to filing taxes. Tax returns are required for loan applications, professional license applications, business appraisals, divorce proceedings, and other situations where financial disclosures are required. Lenders and...
Known, Knowable, and Subsequent Events
As previously discussed in the article Date of Valuation, the date of the valuation can have a significant impact on a final business valuation. The primary concept at issue has to do with what is known or knowable on the date of valuation. This concept is simple yet...
Valuations – The Numbers Do Not Always Tell The Correct Story
Possible, Plausible, and Probable - The Art of ValuationThe numbers don’t lie, so goes the old saying. We are taught early on to trust numbers. We learn that if Bob has three apples and Susie gives him two more, Bob now has five apples. This is easy to understand and...
Business Valuation vs Forensic Accounting
In the original 1963 Pink Panther movie, the largest diamond in the world, named the Pink Panther, is stolen from Princess Dala. Then begins Inspector Jacques Clouseau’s never-ending quest to recover the jewel. In this situation, Princess Dala needs two professionals;...
Double Dipping
In Seinfeld, when George Costanza double dips his chip while attending a wake, he is getting two servings of dip using just the one chip. This creates an unpleasant situation for others, as it’s “like putting your whole mouth right in the dip”. In divorce cases,...
Business Valuations – Understanding Normalizing Adjustments
In divorce cases, one of the more difficult assets to divide in property division is an ownership interest in a closely held business. A professional business valuation should be obtained to value the subject company for equitable division purposes. A business...
How to get Tax Returns from the IRS
Tax returns are used for many purposes in addition to filing taxes. Tax returns are required for loan applications, professional license applications, business appraisals, divorce proceedings, and other situations where financial disclosures are required. Lenders and...