GMC and Company, LLC

12/25/2021

Wishing you and your family a very Merry Christmas!

11/25/2021

Happy Thanksgiving!

01/07/2021

In litigation cases, family law or business law, communication is key. The ability to clearly define terms and complex theories is what business valuation and forensic accounting professional should be doing.

While 100-50=50, and 50 is less than 100 that does not mean 50 today is what it will look like forever. If only it where that simple!

It’s nice when that fits your narrative, but you have to understand the facts, circumstances, and actual application of how that works in business valuation in the bigger picture.

Any time we are in litigation things are emotionally charged. Work with experts who explain the theory well but stay independent and unbiased. 100-50=50 is not always the whole story and you need to understand how $100 5 years go is different from $50 today or in the future.

If you have questions about this let's talk!

12/25/2020

Wishing you and yours a very Merry Christmas!

11/02/2020

SBA Clarifies PPP Rules for M&A Transactions. PPP can play a large factor in closing deals for awhile. https://buff.ly/3mzrXxl

On October 2, 2020, the Small Business Administration (SBA) released SBA Procedural Notice Control No. 5000-20057 (Procedural Notice) regarding…

10/30/2020

Covid-19 and Goodwill Valuation. This article is more focused on financial statement valuation. It should be considered when doing valuation for other purposes as well.

Few businesses have escaped the impact of Covid-19. Jason Mutarelli of Valuation Research Corp. (VRC) analyzes how to approach business valuations and impairment testing, including potential goodwill impairment. The author looks at the impact on the general market and specific industries.

10/30/2020

Client: "I you take EBITDA times X, add cash, AR, and inventory. How does that compare with your valuation number?" A valuator has to be able to walk from the simplified method and explain how the factors are only one part of the bigger valuation performed.

10/29/2020

"Thank You" to NACVA Standards Board for tackling difficult issues. Board members like Robert Carter , Joshua Horn, Mallory Ashbrook, Timothy McPoland, Cindy Collier, Brian Crotty, Trisch Garthoeffnner, Nick Mears, and Micheal Saccomanno.

Business valuation/appraisal standards are promulgated by different business appraisal organizations. The NACVA’s Standards Board was formed to continually review the organizations standards and to ensure that the NACVA’s Professional Standards remain up to date, relevant, and relatively consist...

10/29/2020

Industry comparison and analysis is a key component to each valuation. One of the first things I do each time though is determine the NACIS code that fits the business. Often times the tax return can be way off!

10/29/2020

Tax effecting in business valuation. Understanding the different rates by entity type, credits, depreciation, and standard of value can all have an effect. In divorce or shareholder disputes this can have a huge effect on the end result.

10/28/2020

Business Valuation is a specialized area of accounting & business. It takes time to learn the skills, judgement, and techniques to arrive at useful indications of value. A general understanding of accounting is simply not enough.

10/20/2020

Note that the courts decisions are under the Fair Value standard which is different from Fair Market value. Do you have questions about what the differences? Let's talk about it. Del. Court Reaffirms Fair Value opinions.

On July 9 and October 12, 2020, the Delaware Supreme Court added two more opinions to its growing suite of recent appraisal decisions underscoring the prominence of market-based factors in determining