Business Valuation And Taxes

Author : David Laro,Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 482 pages
File Size : 49,7 Mb
Release : 2005-04-22
Category : Business & Economics
ISBN : 9780471709954

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Business Valuation and Taxes by David Laro,Shannon P. Pratt Pdf

Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt. Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation. An overview of business valuation procedures Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views. The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation. Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt.

Author : David Laro,Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 532 pages
File Size : 55,6 Mb
Release : 2011-05-03
Category : Business & Economics
ISBN : 9780470601624

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Business Valuation and Federal Taxes by David Laro,Shannon P. Pratt Pdf

Business Valuation and Federal Taxes Procedure, Law, and Perspective SECOND EDITION Combining the expert knowledge of Senior Judge David Laro and Shannon Pratt, Business Valuation and Federal Taxes, Second Edition presents the authors' decades of experience, with advice on everything practitioners need to know about the relationship between federal taxes and valuation, and specifically valuations relating to business interests. This reference features indepth examinations of numerous topics that are particularly important to practitioners and explores a broad understanding of the basic knowledge needed to appreciate business valuation. Valuators, CPAs consulting on valuations, attorneys, corporate development officers, and intermediaries on business valuation will benefit from insightful discussions on topics ranging from general definitions to valuing complex business interests, as well as new discussions of: Personal versus enterprise goodwill New materials on transfer pricing and customs valuations and how recent markets have affected both the income and market approaches Coverage of FAS 157 and the many changes to penalties and sanctions affecting both taxpayers and appraisers Several important new court cases Coverage is also included on standards of business valuation, IRS positions, burden of proof in valuation controversies, questions to ask business valuation experts, economic and industry analysis, and tax-affecting passthrough entities. Complete with a full overview of the laws, procedures, and approaches related to business valuation, this invaluable reference is a wellspring of vital information on valuation approaches, techniques, finance-related issues, burden of proof, standards, choice of entity, and much more.

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 386 pages
File Size : 47,8 Mb
Release : 2004-03-15
Category : Business & Economics
ISBN : 9780471432654

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Business Valuation Body of Knowledge by Shannon P. Pratt Pdf

Written by Shannon Pratt, one of the leading gurus in the business valuation field. Case study approach includes problems, solutions, and over 100-multiple-choice test questions. A reference and review of the core body of knowledge for those who need a grasp on business valuation even though they might not be seeking a professional designation.

Author : Hung Tuan Chu,Wayne Lonergan
Publisher : Unknown
Page : 311 pages
File Size : 40,6 Mb
Release : 2020
Category : Business enterprises
ISBN : 192234706X

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Valuations for Tax Controversies by Hung Tuan Chu,Wayne Lonergan Pdf

"At the heart of many tax controversy matters are unique valuation issues, which this book addresses. Filling the apparent gap in the existing collection of valuation and corporate finance textbooks, this is the first book which systematically goes beyond total business value assessment and addresses the practical issues regarding total asset value allocation which have huge tax, duty and commercial consequences. The conceptual frameworks developed in this book, despite their focus on capital intensive businesses employing specialised fixed assets, can also provide guidance for value assessment and apportionment in different types of businesses or in different tax contexts. Many of the issues raised in this book are at the cutting edge of valuation thinking. They reflect the evolving nature of the valuation body of knowledge and the need for valuers to continuously re-evaluate the existing body of knowledge, particularly in the face of diverse practical circumstances, and apply the broadened or updated knowledge to re-assess and improve existing valuation practices."-- Wolters Kluwer CCH Website.

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 429 pages
File Size : 53,9 Mb
Release : 2006-02-22
Category : Business & Economics
ISBN : 9780471775416

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The Market Approach to Valuing Businesses by Shannon P. Pratt Pdf

Your Best Approach to Determining Value If you're buying, selling, or valuing a business, how can you determine its true value? By basing it on present market conditions and sales of similar businesses. The market approach is the premier way to determine the value of a business or partnership. With convincing evidence of value for both buyers and sellers, it can end stalemates and get deals closed. Acclaimed for its empirical basis and objectivity, this approach is the model most favored by the IRS and the United States Tax Court-as long as it's properly implemented. Shannon Pratt's The Market Approach to Valuing Businesses, Second Edition provides a wealth of proven guidelines and resources for effective market approach implementation. You'll find information on valuing and its applications, case studies on small and midsize businesses, and a detailed analysis of the latest market approach developments, as well as: A critique of US acquisitions over the last twenty-five years An analysis of the effect of size on value Common errors in applying the market approach Court reactions to the market approach and information to help you avoid being blindsided by a litigation opponent Must reading for anyone who owns or holds a partial interest in a small or large business or a professional practice, as well as for CPAs consulting on valuations, appraisers, corporate development officers, intermediaries, and venture capitalists, The Market Approach to Valuing Businesses will show you how to successfully reach a fair agreement-one that will satisfy both buyers and sellers and stand up to scrutiny by courts and the IRS.

Author : Shannon P. Pratt
Publisher : John Wiley & Sons
Page : 516 pages
File Size : 41,8 Mb
Release : 2009-04-27
Category : Business & Economics
ISBN : 9780470371480

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Business Valuation Discounts and Premiums by Shannon P. Pratt Pdf

Business Valuation Discounts and Premiums SECOND EDITION Discounts and premiums do not just affect the value of a company; they play a crucial role in influencing a host of other factors and conditions that can make or break a deal. When it comes to business valuations, it's the business appraiser's responsibility to be intimately knowledgeable with every aspect of discounts and premiums: the different types, the situations when they may or may not apply, and how to quantify them. In this newly updated edition of Business Valuation: Discounts and Premiums, Shannon Pratt—one of the nation's most recognized and respected business valuation consultants—brings together the latest collective wisdom and knowledge about all major business discounts and premiums. Addressing the three basic approaches to conducting a valuation—the income approach, the market approach, and the asset approach—Shannon Pratt deftly and logically details the different discounts or premiums that may be applicable, depending on the basic valuation approach used, and how the valuation approaches used affect the level. Clearly written and thorough, Business Valuation: Discounts and Premiums, Second Edition provides business appraisers, accountants, attorneys, and business owners with an arsenal of information for their professional toolkit that can be applied to every major evaluation case they might face in any deal. This updated edition features timely, comprehensive coverage on: Strategic acquisitions Extensive empirical data Pre-IPO marketability discount studies Merger and acquisition negotiations, empirical evidence from completed transactions, and positions taken by courts in litigations Strategic acquisition premiums Studies on minority discounts Detailed, authoritative, and complete in its coverage, Business Valuation: Discounts and Premiums, Second Edition gets to the core of one of the more complex challenges faced by business appraisers, and arms readers with the understanding and techniques needed to successfully meet and exceed their job expectations.

Author : David Bowes
Publisher : Tolley Publishing Company, Limited
Page : 547 pages
File Size : 41,8 Mb
Release : 2012-11-01
Category : Business enterprises
ISBN : 0754547752

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Tolley's Practical Share and Business Valuation by David Bowes Pdf

The valuation of businesses and business assets is a complex topic. Following recent changes to financial reporting standards, requiring accounting for cost of options and values of acquired intangibles, this task is also now more important to accountants, tax professionals and FDs than ever before.This practical book provides a sound basis for understanding the fundamentals of valuation of shares, businesses and intangible assets whether for tax, commercial or financial reporting purposes. The author's extensive practical experience will enable all valuers to navigate the minefield that is share and business valuation, and embark with renewed confidence on those all important negotiations with HMRC.Ensure that you are able to advise on the best possible approach to valuation for any purpose (company and business; IP and intangible assets; fair value or litigation support) and put the principles from statute and case law into practical application to the benefit of your company or client.

Author : Lawrence W Tuller
Publisher : Simon and Schuster
Page : 320 pages
File Size : 54,5 Mb
Release : 2008-08-17
Category : Business & Economics
ISBN : 9781440501142

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The Small Business Valuation Book by Lawrence W Tuller Pdf

How much a small business is worth can be difficult to determine, but when a business is about to change hands, a fair and objective valuation is crucial to the sale. This book is an invaluable resource for business owners or buyers looking for accurate small business appraisals. This completely revised and updated book outlines the major valuation methods, including discounted cash flow, excess earnings, asset value, and income capitalization. This edition includes completely new material on the following topics: exploring the 8 myths of business valuations; using the Internet for research; and advice on startups and first generation service businesses. With this book, appraising a business has never been easier—or more accurate!

Author : Ian R. Campbell,Canadian Institute of Chartered Accountants
Publisher : Unknown
Page : 424 pages
File Size : 43,9 Mb
Release : 1984
Category : Business enterprises
ISBN : UGA:32108013225209

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Business Valuation by Ian R. Campbell,Canadian Institute of Chartered Accountants Pdf

Author : L. Paul Hood, Jr.,Timothy R. Lee
Publisher : John Wiley & Sons
Page : 416 pages
File Size : 42,6 Mb
Release : 2011-03-31
Category : Business & Economics
ISBN : 9781118025635

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A Reviewer's Handbook to Business Valuation by L. Paul Hood, Jr.,Timothy R. Lee Pdf

Thorough guidance and detailed analysis of the valuation business engagement Discussing the practical aspects of business valuation that arise in the context of a tax valuation, this book provides you with detailed analysis of the valuation business engagement process. Detailed discussion is included of various cases outlining errors that appraisers have made in appraisal reports, as well as in-depth discussion of the current appraisal industry issues that are impacting tax valuations. Examines concepts and topics including level of value, the role of estate planners in the business valuation process, the use of appraisers in estate planning and litigation, and the appraiser identification/selection process Provides insight into the nature of the major appraisal trade associations Offers insights into preventing errors from getting into appraisal reports This helpful guide provides you with the detailed discussion you need on the various business valuation standards that have been promulgated by the Appraisal Standards Board as well as several appraisal trade associations.

Author : Gary R. Trugman
Publisher : John Wiley & Sons
Page : 288 pages
File Size : 52,5 Mb
Release : 2018-08-27
Category : Business & Economics
ISBN : 9781119533757

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Understanding Business Valuation Workbook by Gary R. Trugman Pdf

This is the workbook to be used in conjunction with Understanding Business Valuation, Fifth Edition, covering various valuation approaches, methods, and techniques. This fifth edition simplifies a technical and complex area of practice with real-world experience and examples.

Author : John A. Bogdanski
Publisher : Unknown
Page : 1104 pages
File Size : 50,8 Mb
Release : 1996-01-01
Category : Income tax
ISBN : 0791326004

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Federal Tax Valuation by John A. Bogdanski Pdf

Author : Robert F. Reilly
Publisher : McGraw Hill Professional
Page : 610 pages
File Size : 43,7 Mb
Release : 1999-09-15
Category : Business & Economics
ISBN : 0071379037

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The Handbook of Advanced Business Valuation by Robert F. Reilly Pdf

International cost of capital...blockage discounts . . . valuation issues unique to ESOPs...specific valuation issues for sports teams...capital structure in emerging growth companies...methods for calculating equity risk premiums...These days, understanding the complex issues in advanced business valuation requires a team of experts. The HANDBOOK OF ADVANCED BUSINESS VALUATION is your team of valuation experts—nationally recognized practitioners and legal minds from across the country who provide authoritative answers and innovative solutions to your most perplexing valuation questions. Structured in a user-friendly, general-to-specific arrangement, The HANDBOOK OF ADVANCED BUSINESS VALUATION represents a broad cross section of the latest conceptual thinking on the subject. Only in this thought-provoking volume will you find: Abstracts and interpretations of recent empirical studies in lack of marketability, blockage, and more; In-depth treatment of specialized valuation issues from many industries—including healthcare, technology, and sports franchises; Lucid, intuitive explanations of complex and esoteric procedures for intercompany transfer pricing analyses and ad valorem property tax appraisals. Like its predecessor volume VALUING A BUSINESS—which covered basic business valuation concepts and practices in authoritative, all-encompassing fashion—The HANDBOOK OF ADVANCED BUSINESS VALUATION provides a new benchmark of advanced, contemporary discussions for investors and experienced business valuation practitioners. Valuation experts from PricewaterhouseCoopers, Ernst & Young, Willamette Management Associates, Arthur Andersen, American Appraisal Associates, and more combine their expertise in this well-written, thoughtful, and convincing reference—one with absolutely no close rival in the flourishing field of business valuation and security analysis.

Author : Pitabas Mohanty
Publisher : Taxmann Publications Private Limited
Page : 19 pages
File Size : 48,5 Mb
Release : 2021-04-19
Category : Law
ISBN : 9789390831487

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Taxmann’s Business Valuation [Text & Cases] – Judicious Mixture of Corporate Finance Theory and Business Valuation Practice | Reprint Edition 2021 by Pitabas Mohanty Pdf

This book is a comprehensive & authentic book on ‘Business Valuation’. The objective of this book is to include a judicious mixture of corporate finance theory and business valuation practice. This book aims to fulfill the requirement of students PGDM/MBA/CA/CWA & other professional courses. The Present Publication is the Reprint Edition April 2021, authored by Pitabas Mohanty, with the following noteworthy features: • The subject-matter is presented in a simple, systematic method along with comprehensive explanation of the concept and theories underlying business valuation. The book tries to present the subject-matter in a non-mathematical and non-technical way • [Student-Oriented Book] This book has been developed, keeping in mind the following factors: 𝚘 Interaction of the author/teacher with his/her students in the class-room 𝚘 Shaped by the author/teachers experience of teaching the subject-matter at different levels 𝚘 Reaction and responses of students have also been incorporated at different places in the book • [Numerical Illustration] are used to explain the complicated quantitative subjects • [Practical Problems] are included in theoretical discussions • [Principles of Corporate Finance & Investments] are discussed in detail, to understand the theory of business valuation • [Emphasizes on the Five Types of Consistencies] that one should maintain while valuing any business. It also discusses what mistakes are made, when the valuation model suffers from not adhering to these consistencies • [Sum-of-parts Valuation Method & Liquidation Valuation Methods] with practical examples are included • [Chapter-End Problems & Mini-Cases] are included, to test one’s understanding of the different concepts • Includes a list of 150 questions that one often faces while valuing companies. One will find these questions handy while preparing for some valuation interview • The contents of this book are as follows: 𝚘 Introduction to Business Valuation 𝚘 Basics of DCF Valuation 𝚘 Discounted Cash Flow Method: The Cost of Capital 𝚘 Cash Flow and Valuation 𝚘 Valuation of Companies: Forecasting Case Flows 𝚘 Beyond Valuation of Companies 𝚘 Valuation of Synergy in Mergers and Acquisitions (M&A) 𝚘 Valuation of Companies: Multiplier Methods 𝚘 Miscellaneous Topics in Valuation 𝚘 Frequently Asked Questions in Valuation

Author : Daniel Ehrmann
Publisher : GRIN Verlag
Page : 24 pages
File Size : 40,6 Mb
Release : 2020-09-22
Category : Business & Economics
ISBN : 9783346250452

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The Influence of Tax Loss Carry-Forwards on the Valuation of Corporations in the Context of Acquisitions by Daniel Ehrmann Pdf

Seminar paper from the year 2017 in the subject Business economics - Accounting and Taxes, grade: 1,3, University of Applied Sciences Aalen, language: English, abstract: This paper deals with the influence of tax loss carry-forwards of target companies on their valuation in acquisitions. Under German tax law, losses can be offset with future profits, if certain conditions are met. This makes tax loss carry-forwards an asset, which may influence the corporate value of the target company from the purchaser's persepective. When and how tax loss carry-forwards may impact corporate valuations in the context of acquisitions shall be explained in this paper. The main body of the paper is divided into two parts. The first part includes the theoretical foundations, beginning with a short introduction into the topic of M&A and company valuations for the further clarification of the topic. Afterwards, legal foundations about the treatment of tax loss carry-forwards in case of transactions are presented. The subsequent analysis part includes mainly two qualitative research methods. At first, two expert interviews are conducted to find out how relevant the topic is in practice and how it is practically addressed. At second, the mathematical relationship between tax loss carry-forwards and the corporate value is determined by doing a case study. Thereby, a fictitious corporation is assessed. For a comprehensive research, different cases are considered. During the last decades, mergers & acquisitions have increased substantially in popularity. Their growth in transaction volume and the number of transactions bespeak the importance of this topic. Although theory seems plausible, the success of M&A-transactions does not always meet expectations. On the one hand, this is often owed to unrealistic assumptions, especially overrated hypothetic synergy effects. On the other hand, it origins in the complexity of such transactions.