Eric J. Barr, Member, Fischer, Barr & Wissinger LLC was Published in the September/October 2012 Issue of The Value Examiner.
Friday, November 2, 2012 • 2:30pm
Eric J. Barr, Member, Fischer, Barr & Wissinger LLC was published in the September/October 2012 issue of The Value Examiner. His article is entitled, “Pass-Through Entity Valuations and Value to the Holder: A New Perspective.”
This article describes whether business appraisers should tax-affect the earnings of pass-through entities when valuing a business ownership interest under a “Value to the Holder” standard of value. There has not been a consensus among business valuators on this tax-affecting issue, and it is one of the most vexing issues facing the business valuation profession. In his article, Barr presents a new perspective and solutions on how best to address this issue. Pass-through entities include S corporations, limited liability companies, partnerships, and other businesses that pass earnings through to their owners and pay no income tax at the business entity level. The “Value to the Holder” standard of value is often applicable in New Jersey when there is a dispute between different owners of a business and in matrimonial dissolution matters. The article in its entirety can be found at http://fbwcpas.com/press.html
The Value Examiner ® is an independent, professional development journal dedicated to the exploration of value and its ramifications for consultants. It contains timely, technical, in-depth articles written for consultants by practitioners and academics at the top of their respective fields. The distinguished authors bring expertise acquired from years of training and experience to bear upon topics both practical and theoretical.
Eric J. Barr, CPA/ABV/CFF, CVA, CFE, is a co-managing member of Fischer Barr & Wissinger LLC, and is the director of the firm’s Business Valuation and Litigation Support Department. He has more than 40 years of public accounting experience and is a national thought leader and frequent public speaker in connection with the valuation of S Corporations, Partnerships and Limited Liability Companies, which are collectively known as pass-through entities. Eric has conducted seminars on the valuation of pass-through entities to the New Jersey Society of Certified Public Accountants; presented a national webinar for BV Resources; and has written several articles for The Value Examiner. Eric has testified as an expert in the areas of business valuation, commercial litigation, forensic accounting and lost profits analysis.
Eric is a Member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants (NJSCPA), the NJSCPA Litigation Services and Accounting & Auditing Interest Groups, the New York State Society of Certified Public Accountants, the National Association of Certified Valuation Analysts and the Association of Certified Fraud Examiners.
He holds the following Licenses/Certifications: Certified Public Accountant (New Jersey and New York), Accreditation in Business Valuation, Certified in Financial Forensics, a Certified Valuation Analyst and a Certified Fraud Examiner.
The Partners, Principals and Managers of Fischer Barr & Wissinger LLC offer more than a century of combined expertise in the areas of tax planning, business and medical practice valuation, litigation support, accounting, auditing and consulting services.
Opening its doors in January 2011, the firm maintains the professional practice which has continuously served the regional business community from its Morris County offices since 1968. Clients receive the same types of services offered by national and regional firms but with a distinctly different personal touch.
Our Partners, Principals and Managers hold memberships in the American Institute of Certified Public Accountants (AICPA), the New Jersey Society of Certified Public Accountants (NJSCPA), the New York State Society of Certified Public Accountants (NYSSCPA), the American Society of Appraisers (ASA), the National Association of Certified Valuation Analysts (NACVA), the Association of Certified Fraud Examiners (ACFE) and the Morris County Chamber of Commerce.