September 2007 Articles
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3. Your projections matter. Now.
There is a growing emphasis on the forecasts of private companies. Get with the program. Here’s a couple of valuation truisms every CFO should know. Valuations are often highly reliant on the forward-looking projections of the client, Valuation reports are undergoing scrutiny in the financial reporting realm as never before....
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Extension of 409A Compliance: Why?
The IRS announced today that taxpayers will have until December 31, 2008, to comply with the 409A regulations, which were finalized in April of this year. The initial date of compliance was year-end 2007. The questions I have are these: Did the IRS cave to concerns from so many law...
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Extension of 409A Compliance: What's it mean?
The IRS announced today that taxpayers will have until December 31, 2008, to comply with the 409A regulations. The regs were finalized in April of this year, and had an initial compliance date of year-end 2007. So what does this mean for privately held companies -- our clients and would-be...
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4. Fair Value, Fair Value and Fair Market Value
Understanding Standards of Value. When you obtain a valuation, you're getting it for a certain purpose (or purposes). Understanding that purpose allows us as your service provider to define the appropriate Standard of Value by which our work will be guided, and judged. Sometimes various standards of value can conflict...
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5. Goodwill impairment: a primer on SFAS 142
Explaining SFAS 142: Goodwill and Other Intangible Assets If you've been through an M&A transaction in the past few years, you've experienced the need for a purchase price allocation to stay in compliance with Generally Accepted Accounting Principles (GAAP) according to SFAS 141. As you proceed along the often bumpy...
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