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Many CPAs are finding that more clients are requiring
business valuations for estate and gift planning and tax reporting, buy/sell agreements,
stock bonuses, divorce proceedings, and other matters. However, unlike accounting rules
and tax laws, the best practices in valuing businesses change rapidly and require constant
attention to stay up to date. If business valuation is an area that you have not developed
an expertise and in which you do not have the time to keep current, Kentner Sellers may
be able to assist you in making sure your clients get the highest level of service when
they need a business valuation or family partnership valuation.
Kentner Sellers delivers logical solutions to help make sense of the complex valuation
issues involved with closely-held businesses, limited liability companies, and family
limited partnerships. We work towards a reasonable and supportable opinion of value,
especially in light of the constantly changing and increasing demands by the public and
the Internal Revenue Service for well-documented valuation conclusions.
We understand the potential apprehension in turning client work over to another CPA firm,
but valuations are a service you can safely outsource to us. As the CPA industry gets more
complex and clients expect more out of us, we are finding quality outsourced services very
valuable. Whether for services such as profit sharing plan administration, software
installation and support, or business valuations, you can be more secure as your client's
key advisor and be more valuable to your clients by providing them with solutions from
other sources. In addition, Kentner Sellers is interested only in performing the valuation
work for your clients, not in their accounting and tax services. We work with other CPA’s
to perform business valuations for their clients. We can give you CPA references, and we
can discuss signing a non-compete agreement when we provide valuations for your clients.
Kentner Sellers Valuation Resources
Greg Toman, CPA/ABV – Greg has valued businesses for over fifteen years, helping families
implement estate plans, owners sell their businesses, buyers acquire new companies, parties
settle marital and stockholder disputes, and owners find ways to get value when they retire.
He has substantial advanced training in valuations, testifies and is an expert witness regularly
in valuation, damages, and financial issues in litigation, is a member of the Institute of Business
Appraisers and is Accredited in Business Valuation by the American Institute of CPAs. Greg is a
frequent speaker on business valuation at CPA, business and university events.
Jon Stangel, CPA - Jon brings unique perspectives to valuations of closely-held businesses,
with an expertise in the valuation of companies in the construction, manufacturing, distribution and
service industries. He will be sitting for the American Institute of CPAs Accreditation in Business
Valuation Exam in 2002.
KS Valuation Resources include access to data from over 5,000 business sales, other comparable
business valuations and sales, industry-specific valuation methods and data, empirical data
regarding premiums and discounts for lack of marketability and minority interest, Pratt's BVLibrary,
PPC's Guide to Business Valuations, Pratt's Business Valuation Update and Mercer's e-capital
newsletters, FCG's Tax Court Case updates, Federal Tax Court Valuation Digest, seminar materials
from over 30 hours of valuation continuing education each year, and performance of over 30
business valuation studies per year.
Reasons to Outsource Business Valuation Services to Kentner Sellers
- Provide a valuable solution to your clients without dedicating your personal time to
keep current on all market and IRS business valuation issues.
- Avoid liability issues. CNA Insurance reports that claims against CPAs doing business
valuations are increasing, charging that the CPA did not have enough valuation experience,
was not as competent as expected, was not up to date on the latest valuation issues, and
did not consider all relevant matters. In Accounting Today, CNA recently reported that
“Most of the claims involve practitioners who rarely do business valuations, and the
reason they take on the engagement is that they have a long-term relationship with the
client. They have little (valuation) expertise or formal training, and this contributes
to the risk involved.”
- Help your clients keep out of trouble with the IRS. The IRS has increased its scrutiny
of valuations involved in income, gift and estate tax matters. In particular, gift and
estate tax filing requirements for forms 709 and 706 have amplified the need for thorough
and well-documented valuation reports to accompany the tax filings.
- Provide valuation solutions to your clients without the threat of losing those
clients' accounting and tax services.
For more information, please
contact us.
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