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Business Valuation

There is an art and a science to business valuations. Definitive valuations combine meticulous data gathering and financial analysis with uncommon intuition and penetrating insight. While any accounting professional may learn the approach (science) to business valuation, the intuition (art) is a function of native ability informed by experience.

Donald Wisehart is one of the foremost business valuations experts in New England; he was the first CPA in New England to have earned both the Accredited Senior Appraiser (ASA) and Accredited Business Valuator (ABV) designations. The ABV requires significant, quantifiable valuation experience, supplemented by 20 hours per year course work, and successful completion of a qualifying examination. The ASA requires a minimum of five years full-time appraisal experience, plus an additional 20 hours per year course work.

Wisehart is a co-author of Financial Valuation: Applications and Models, the preferred text for exploring real-world business applications and methods. He is a registered member of the National Association of Certified Valuation Analysts (NACVA), and is a member of the prestigious Financial Consulting Group (FCC), a national network of business valuation and litigation support specialists. Wisehart has taught advanced courses for the American Institute of Certifim Public Accountants and the National Association of Certified Valuation Analysts.

Wisehart, Inc. values companies from start-up entities, with initially small equity values to large private companies with equity values over $1 billion :

  • Litigation
  • Tax Compliance
  • Fair Value Accounting Measurement
  • Strategic Business Valuation
  • Mergers and Acquisitions

Litigation

The credibility of the valuation professional as expert witness is the single most important factor in judgment determination. Value analysis is essential for situations involving:

  1. Shareholder Disputes
  2. Shareholder Buy-Outs
  3. Contract Disputes
  4. Intellectual Property
  5. Investigative Reports.

Tax Compliance

Substantial discounts are available to closely-held businesses in specific circumstances, if the principals comprehend and successfully interpret IRS regulations, particularly revenue ruling 59-60. We have successfully maximized discounts for our clients, while maintaining our core integrity, independence and professional standards.

We specialize in:

  1. Decedent’s interest in closely held business
  2. Gifting interest of closely held business
  3. Converted “S” Corporations.

Fair Value Accounting and Measurement

What constitutes value? How do we communicate value consistently in financial reporting?

The Financial Accounting Standards Board (FASB) has formulated a series of publications which standardize business valuation and reporting. Each of the standards listed below, with the exception of FASB 150, are required by private companies. We help our clients comply with all FASB rulings: past, present, and pending.

  1. Relevant FASB pronouncements include:
  2. Business Combinations (FASB 141 & 141 revised)
  3. Goodwill and other Intangible Assets (FASB 142)
  4. Transfers and Servicing of Financial Assets (FASB 125)
  5. Instruments of Both Liability & Equity (FASB 150)
  6. Stock-Based Compensation (FASB 123 & 123 revised)

Strategic Business Valuation

Various assets, in myriad configurations, drive value in very different ways. That’s why strategic business valuation, the baseline of all substantive business strategy, requires the assistance of a business valuation professional. Wisehart, Inc., will work with you to assess the value of your holdings, and will give you tools and training to promote your understanding and management of the information.

We help clients with:

  1. Preliminary Strategy Development
  2. Value Drivers
  3. IRS/Tax Related Issues
  4. Employee Stock Ownership
  5. Fairness Opinions
  6. Pension Valuations
  7. Patents, Trademarks, Copyrights
  8. Royalty Rates.

Mergers and Acquisitions

Even small companies may find that the best way to grow is by expanding ownership boundaries through mergers and acquisitions. The best mergers create synergies and economies of scale, expand operations, and cut costs.

Is it right for you? What is the most profitable approach? Effective mergers and acquisitions are the result of a corroborative effort between managements of the involved businesses, and their consultants. We assist clients throughout the entire process, beginning with a customized plan and detailed timetable which addresses:

  1. Sale of a Business or by Partner
  2. Equitable Distribution
  3. Buy-Sell Agreements
  4. Transfer Pricing
  5. IRS/Tax-Related Issues
  6. Charitable Contribution Valuation
  7. Purchase Price Allocation
  8. Employee Stock Ownership
  9. Financing.

 

 

 

 

01

LITIGATION SUPPORT

Our reputation for the highest ethical standards is unparalleled. We support you with decades of experience and insights, informed by common sense and integrity.
02

BUSINESS VALUATION

Each business fuses a particular mix of variables, real and intangible. There is no substitute for experience in evaluating and interpreting your unique position and assets.
03

BUSINESS CONSULTING

Every single strategic decision sparks immediate or long term tax, cash flow, and valuation consequences. We help you assess the short-and-long term implications of all options.
04

INDIVIDUAL ADVISORY

We are independently owned and operated: responsive, receptive, flexible. Your family’s security is our priority. We invite you to use our insights to advance your interests.

Recent Publications

Valuation for Financial Reporting

Valuation for Financial Reporting

FV-A&M-th

Valuation Workbook

Taxation FAQ

Taxation FAQ

business teamwork on puzzle pieces

Valuation FAQ