The Effect of Macroeconomic Uncertainty on Business Valuation
Macroeconomic uncertainty has complicated business valuations as inflation, interest rate volatility, tariff pressures, and data gaps challenge forecasting and weaken investor and consumer confidence. Valuation professionals may adjust assumptions and methodologies to produce credible and defensible valuation conclusions amid ongoing uncertainty.
Vetting Management Projections: Best Practices and Insights
In the valuation of an operating business, the financial projections applied in the analysis can have a significant effect on the overall value conclusion. By performing due diligence, a valuation professional can become comfortable that such financial projections are reasonable and representative of the expected future cash flow of the business—and, thus, reliable for use within an analysis.
The Graegin Loan Remains a Viable Option for Certain Illiquid Estates
The Graegin loan was common in the 1980s and 1990s, when estate tax rates exceeded income tax rates by as much as 20 percentage points. While the pecuniary benefit of the Graegin loan has been reduced by the convergence of tax rates and lower interest rates over time, the Graegin loan might still make sense for certain illiquid estates.
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Perspectives
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- The One Big Beautiful Bill Act’s Effect on the Value of S Corporations and Pass-Through Entities
October 2025 Perspectives
- Business Valuation Implications of the One Big Beautiful Bill Act
- Illiquid for Longer: Private Equity Funds and Financial Opinions
- Was the Jury Reasonably Certain in Huntsman?
July 2025 Perspectives
- Tax Court Allows Tax-Affecting for the Discounted Cash Flow Method in Pierce v. Commissioner
- Conflict Transactions and the Evolution of the Fairness Opinion Landscape
- The Application of the Relief from Royalty Method for Intellectual Property Valuation