How Tax Affecting Influences a Business Valuation

Date: Monday, January 27, 2020
Time: 5:30pm - 8:00pm
Location: The Cannery 3803 Toulouse St, New Orleans, LA 70119
Speaker: Michelle Avery and Vanessa Claiborne

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How Tax Affecting Influences a Business Valuation

 

  1. Introduction to Tax Affecting – What is it and how does it influence a valuation for an estate planning client?

 

  1. Traditional Valuation Methodologies - Considerations for “Pass Through Entities” versus “C” Corporations
    • Adjusting the income streams of “Pass Through Entities” by tax affecting them at corporate rates.
    • Adjusting capitalization and discount rates to represent pre-tax rates of return.
    • Utilizing specialized models developed to value ownership interests in “Pass Through Entities.”

 

  1. Historical IRS View – IRS Guide for Income, Estate and Gift Taxes: Valuation Training for Appeals Officers and the IRS Examination Technique Handbook & other IRS Materials 

 

  1. Brief Summary of Jurisprudence (Before Jones) - Gross, Gallagher, Wall, Kessler, Adams, Heck, Bernier, etc.

 

  1. Summary of Jones (and Cecil and Kress)

 

  1. Key Take Away from Jones

 

Michelle Avery, CPA/ABV, CVA, MAFF

Laporte, CPAs & Business Advisors

POSITION:  Director, Litigation and Business Valuation Services
EDUCATION:  Master of Business Administration, Louisiana State University
Bachelor of Arts in History, University of Wisconsin - Superior
CERTIFICATIONS:  Certified Public Accountant/ Accrediting in Business Valuation Certified Valuation Analyst Master Analyst in Financial Forensics
PROFESSIONAL AFFILIATIONS:  American Institute of Certified Public Accountants
Society of Louisiana Certified Public Accountants
Northshore Estate Planning Council
CIVIC AFFILIATIONS:  Greater New Orleans, Inc., Board of Directors
St. Tammany West Chamber of Commerce, Former Chairman, Northshore Rising Professionals, Former Chairman
North Shore’s Finest Under Forty 2010, New Orleans City Business Women of the Year Honoree 2013
RANGE OF EXPERIENCE: Michele’s professional experience includes business valuations with acquisitions, dissolution proceedings, shareholder disputes, buy/sell agreements, and management buyouts. She has extensive experience in the valuation of closely held businesses and financial modeling. She has prepared advanced net cash flow and net income projections for numerous companies in many different industries. Michele also prepares economic damages and lost profits analysis. She has been qualified as an expert on valuation and accounting in local courts of law.

 

Vanessa Claborne, Chaffe & McCall President & CEO

Ms. Claiborne has been with Chaffe & Associates, Inc. since 1987 and was promoted to President and Chief Executive Officer in 2009.  She also serves as the Managing Director for the Valuation Advisory group.  She is a Certified Public Accountant (CPA), Accredited in Business Valuations (ABV) by the American Institute of Certified Public Accountants and has received her designation as an Accredit Senior Appraiser (ASA) by the American Society of Appraisers.  She holds Securities Licenses 79, 24, 27, and 63.  Ms. Claiborne is Accredited in Estate Planning by the National Association of Estate Planners and Councils and a Certified Exit Planning Advisor by the Exit Planning Institute.

Ms. Claiborne specializes in business valuation services primarily for estate and gift taxes, Employee Stock Ownership Plans (ESOPs), GAAP fair value reporting, financial reporting, corporate planning, litigation support including expert testimony, exit planning, and shareholder transactions and restructuring.

 

 

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