The 2013 edition provides a new sample case study! Follow the valuation process from the beginning of the pre-engagement process to the end of the final valuation report through the extensive sample case study of SJM Computer Solutions, Inc. Although not a real company, SJM Computer Solutions, Inc. has the attributes of a real life small business and is included to highlight and illustrate the latest approaches and methods discussed in each step of the valuation process!
This edition also provides updated guidance and practice suggestions, covering many facets of business valuation, such as insight on best practices to follow when writing a valuation report for the IRS. The Guide also provides an expanded discussion of the recent changes to Treasury Department Circular No. 230 and the latest IRS paid tax preparer registration developments and their relevance to valuation analysts. In addition, we added an excerpt from the Duff & Phelps, LLC Risk Premium Report 2012, including a follow-up to the High Financial Risk Portfolio Study.
Finally, as in prior years, this edition includes a narrative discussion of the national economic trends that occurred during 2012 and an economic forecast for 2013 through 2014 that can be useful when analyzing the performance of a company based on the national economy.