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AAFCPAs’ David Consigli Earns Certified Divorce Financial Analyst Credential

AAFCPAs’ David Consigli Earns Certified Divorce Financial Analyst Credential

AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA, has been awarded the Certified Divorce Financial Analyst (CDFA) credential issued by The Institute for Divorce Financial Analysts (IDFA). Dave was awarded the CDFA credential in recognition of his earned expertise in valuing the financial effect of any given divorce settlement.  Dave earned the designation in response to overwhelming demand from lawyers, mediators, and separated individuals seeking his... continue reading

AAFCPAs’ David Consigli Earns Patent Valuation Credential

AAFCPAs’ David Consigli Earns Patent Valuation Credential

AAFCPAs’ Director of Business Valuation Services, David Consigli, Jr., CPA, ABV, CPVA, CDFA has been awarded the Certified Patent Valuation Analyst (CPVA) credential issued by the Business Development Academy (BDA). Dave was awarded the CPVA credential in recognition of his earned expertise in valuation of emerging technologies, negotiating licensing agreements for maximum returns, advanced patent valuation, and calculating damages resulting from patent infringement. In deriving the value of a patent,... continue reading

Strategies to Increase the Value of Your Business In Advance of Selling

The most successful business transfers are the ones that are properly planned in advance. AAFCPAs encourages clients to think proactively in order to get the most out of what is likely your largest and most important asset.  The following strategies may better position your business for a higher price when selling. Have your financial statements audited or reviewed by an independent CPA – Audited or reviewed financial statements provide potential... continue reading

AAFCPAs David Consigli to Present at Massachusetts Collaborative Law Council Forum

David Consigli, Jr., CPA, ABV, AAFCPAs’ Director of Business Valuations, will serve on a collaborative law panel discussing “Growing the Pie: Introducing Experts Who Create Value for Clients.”  This session is part of the Massachusetts Collaborative Law Council’s (MCLC) Networking & Educational Forum on Cultivating Collaboration: The Changing Faces of Collaborative Law (CL), scheduled for Friday, May 12th. Divorce cases that include family business ownership in the couple’s portfolio (or... continue reading

The Benefits of an Employee Stock Ownership Plan (ESOP) in Succession Planning

Succession planning can be a challenge for privately-held business owners. Finding the right buyer can be difficult and time consuming. In some cases, owners may want to transition their business to their current employees, but the employees may not have the financial means to consummate a sale. An Employee Stock Ownership Plan (ESOP) may be the solution. ESOPs can be very successful when implemented in the right situation, allowing owners... continue reading

Nonprofit Valuations: Transactions Requiring an Accurate Valuation of Your Nonprofit

Did you know that nonprofit organizations, like their for-profit counterparts, can benefit from an independent business appraisal? AAFCPAs advises nonprofit organizations to obtain a business valuation from a qualified, accredited appraiser under the following circumstances: Converting from nonprofit status to for-profit status – There are necessary procedures when companies no longer desire nonprofit status and wish to convert to a for profit entity. The IRS must be notified in writing... continue reading

Best Practice Recommendations for Business Valuations During Divorce

The divorce process can be stressful and emotional. There are many financial decisions to be made especially when there is a family owned business involved. A family business can have significant value and be the largest family asset or it can just be a source of income providing the owner with a job.  When there is a business involved in the context of a divorce, AAFCPAs advises that you consider... continue reading

IRS Section 2704 Proposed Regulations Could Eliminate Significant Estate Planning Technique for Family-Controlled Entities

The IRS has issued Proposed Regulations under Internal Revenue Code § 2704 that may dramatically reduce the ability to apply discounts in valuing the interests of many family-controlled entities for estate gift and generation skipping tax purposes.  Specifically, the proposed regulations may significantly restrict the application of lack of control or marketability discounts in determining the fair market value of transferred interests. AAFCPAs urges individuals with substantial net worth to... continue reading

AAFCPAs’ Joy Child Earns Business Valuation Credential

AAFCPAs’ Joy Child Earns Business Valuation Credential

AAFCPAs’ Partner Joy Child, CPA, ABV, PFS, has been awarded the Accredited in Business Valuation (ABV) Credential by the American Institute of Certified Public Accountants (AICPA).  Joy brings over 30 years of diverse experience to AAFCPAs’ clients, and she was awarded the ABV credential in recognition of her earned expertise in business valuation, and her passing of the rigorous two-day exam. Joy is a member of AAFCPAs’ Business Valuation practice,... continue reading

5 Valuation Issues Every Buy-Sell Agreement Should Address

A Buy-Sell Agreement, also called a business pre-nuptial agreement, or a business will, is a legal document that is used as the mechanism governing business owners upon the exit of an owner. Buy-Sell Agreements create the necessary road map to make these exits less stressful by minimizing disruptions, and avoiding conflict. The price to be paid for an exiting owner’s interest is the single most contended point during a transition... continue reading