The Strategic Importance of Fairness Opinions By: Martin Hanan, CFA Executive Summary Fairness opinions play a crucial role in the mergers and acquisitions (M&A) process, acting as both a safeguard …
The Role of Quality of Earnings Reports in Evaluating M&A Targets By: Martin Hanan, CFA Executive Summary Quality of Earnings (QoE) reports play a pivotal role in the due diligence …
How Quality of Earnings Reduces Information Asymmetry in Private Company Transactions By: Benjamin Westcott, CFA What is Information Aysmmetry? In 1978, George Akerlof, an economist who is currently a professor …
Wandry Clause: Solution to Estate Planning IRS Audit Risk Use of the Wandry Clause to Mitigate IRS Audit Risk Authors: Steven Hastings, MBA, CPA/ABV/CFF, CGMA, ASA, CVA; Michael F. Conroy, …
U.S. Gift Tax Lifetime Exemption Set to Expire Current Gift Tax Regulations are Set to Expire at the End of 2025 Leading to a Nearly 50% Reduction in the Lifetime …
Market’s Reaction to Rate Cuts in a Recession Authored By: Martin Hanan, CFA, and Andrew Pearson Over the past 51 years, the U.S. economy has seen seven distinct recessions: the …
Case Study: The Value of a Voting Premium Traditional Valuation Methodologies Are Problematic Traditional valuation methodologies, including the Income Approach, Market Approach, and Cost Approach (the “Traditional Valuation Methodologies”) are …
Case Study: SEC Challenge of Reverse-Merger Share Price Use of Third-Party Valuation vs. Trading Price of Public Shell At the time of the reverse-merger transaction (the “Transaction”), the Company was …
Attaining Reasonable Certainty in Economic Damages Calculations The Issue at Hand In the US, most courts require expert witnesses to prove damage amounts with “reasonable certainty.” In other words, has …
Common Transfer Pricing Mistakes The Issue at Hand The Internal Revenue Service (IRS) has issued a transfer pricing roadmap that is expected to impact the conduct of transfer pricing audits …
Healthcare Compensation Arrangements at Risk OIG Issues Alert on Physician Compensation The Issue at Hand The Office of Inspector General (OIG) released an alert declaring physician compensation agreements that exceed …
An Easy Tool for Determination of Personal v. Enterprise Goodwill The Issue at Hand The characterization of “value” between personal and enterprise goodwill is becoming an increasingly important business valuation …
Possible Changes to Valuation Discount Rules are Unlikely This paper highlights the arguments and logic concerning REG-163113-02 (the “Regulations”) that the Treasury Department and the Internal Revenue Service new regulations …
Case Study: Audit Risk for Captive Insurance Companies Use of Small Captive Insurance Companies as Abusive Tax Shelters Small Captive Insurance Companies A Captive Insurance Company (CIC) is an insurance …
How Companies Can Create Value through Customer Loyalty Programs Introduction Ask any frequent flyer whether they would prefer to fly American or Delta, and they will likely express a very …
The S&P 500 P/E Ratio: A Historical Perspective
The S&P 500 Returns: A Historical Perspective – Part 2
The S&P 500 Timing: Stock Market Timing – Part 3
Valuing the Inflation Tax to Your Wealth
Too Big to Succeed The Death of the Conglomerate
The Value of the Invaluable How Companies Can Create Value through Customer Loyalty Programs
Better Apart? How Companies Can Create Value through Spinoffs & Divestitures
Case Study: SEC Challenge of Reverse-Merger
Transfer Pricing – The World’s Top Tax Priority
Texas Court Decision Considers Market Interest Rates in Cramdown Interest Rate Calculation
Estate Planning: Making Lemonade in the Oil Patch white paper
Physician Employment Arrangements in Light of 2015 Stark Law Settlements white paper
3 Paths to Value Creation white paper
Captive Insurance Companies white paper
Common pricing transfer mistakes white paper
PV 10 Does Not Equal FMV white paper
Physician Compensation Fraud Alert Issued by OIG White Paper
Maximizing Enterprise Value Through Defensive Acquisition white paper
Estate Planning Mathematics – A Valuation Problem
Worthless PUDs? We’ll Buy Them All At That Price!
Determining the Goodwill Value for Entrepreneurs with the Multi-Attribute Utility Model
Simple Analysis is Never a Solution in Valuing Complex Derivative Securities
ValueScope is a team of experienced valuation experts, management consultants and Chartered Financial Analysts. We are Certified Public Accountants*, statisticians, creative and strategic thinkers. We are PhDs, board members, and former corporate executives.
*ValueScope is not a licensed CPA firm.
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