|
|
 |
Financial and Tax Reporting
Tax and Financial Reporting Requirements often require
an independent valuation opinion. Simon Financial has extensive experience
valuing publicly traded and privately-held companies, divisions, subsidiaries
and newly formed spin-offs, as well as a variety of intangible assets.
Situations requiring independent valuation services include (i) the testing for goodwill impairment as proscribed under ASC 350 and long-lived assets under ASC 360; (ii) the allocation of purchase price in an acquisition, as proscribed under ASC 805; (iii) establishing and maintaining stock and option compensation plans in compliance with IRC Section 409A; and
(iv) establishing a tax basis upon the transfer of assets between entities.
Mergers and Acquisitions
Many owners of privately held companies reach a
point when it is essential to analyze their strategic alternatives. One
alternative is the sale of the company. Simon Financial provides owners
of privately-held companies with the analysis of their strategic alternatives,
an understanding of the fair market value of the company and financial
advise on how to maximize the value of the company. Within the context
of an acquisition, financial reporting requirements dictate the need for
the allocation of the purchase price to tangible assets, identifiable
intangible assets and goodwill.
Fairness Opinions
Increased regulatory scrutiny and the threat of
litigation are unavoidable components of the current financial environment.
As a result, companies and their Boards of directors are increasingly
turning to independent financial advisors to provide a fairness opinion
in conjunction with a transaction. A Fairness Opinion is a statement from
an independent, qualified financial advisor that the consideration being
received by a company and its shareholders is fair from a financial point
of view. The professionals at Simon Financial have issued over 50 fairness
opinions for a variety of transactions, including mergers, acquisitions,
the sale of the company, recapitalizations, related party transactions
and going-private transactions. As part of any fairness opinion, Simon
Financial analyzes valuation considerations, as well as issues of both
relative fairness and procedural fairness.
Valuation of Intellectual Property
An independent valuation of intangible assets is
often required for (i) tax reporting purposes in connection with the transfer
of intellectual property between entities; (ii) financial reporting purposes
in connection with the allocation of purchase price in an acquisition;
or (iii) assisting lenders by providing an independent valuation of potential
collateral. Valuations of intellectual property for purposes of assisting
lenders are typically performed on a net orderly liquidation basis. Simon
Financial has extensive experience valuing a variety of intangible assets,
including trademarks, software, patents, service contracts, licensing
agreements, customer lists and non-compete agreements. Debbie
Simon interviewed by WS radio, San Diego, on Intellectual Property Valuations
Estate and Gift Tax
A primary consideration for valuations performed
for estate and gift tax purposes is a thorough understanding and history
of compliance with IRS guidelines and requirements. The professionals
at Simon Financial have extensive experience working with estates ranging
from three million to multi-billion dollar estates for tax reporting purposes.
Our reports conform to U.S.P.A.P. standards and are prepared in a thorough
and fully supported manner in order to successfully withstand potential
scrutiny of the IRS. In addition to providing the valuation opinion, Simon
Financial can also work with a client’s estate advisor to analyze
the feasibility of various estate and tax planning strategies and to recommend
a structure that meets the clients financial objectives.
Litigation and Dispute Resolution
Litigation and dispute resolution often involves
significant valuation issues. Simon Financial’s services include
valuation analysis, review of valuation-related testimony and providing
expert testimony. Our valuation expertise can be critical to the success
of a case in such matters as minority shareholder disputes, family law,
tax disputes, breach of contract and patent infringement, among other
matters. Our principal has been designated as a valuation expert in Federal
Bankruptcy Court, state courts and arbitration forums.
|
|
