Southard Financial
Transaction Advisory

Happy Holidays from Southard Financial!

Happy Holidays and Happy New Year from all of us at Southard Financial!

Southard Financial is so grateful to have clients like you. We appreciate your trust in us to provide quality business valuation and advisory services. Here’s wishing you joy and laughter during the holiday season, a Happy New Year, and a prosperous 2018!

Estate Taxes: Changes Likely as Congress Drafts Plans

Southard Financial is keeping a close eye on developments in Washington.

Back in January, when we posted about possible tax law changes under the Trump administration, we anticipated modifications to inheritance and gift tax laws. Now, with the House having finalized a tax bill and the Senate working on its own version, we’re able to take a closer look at proposals coming out of Congress.

Sell-side or Buy-side, We’re on Your Side

Let Southard Financial find buyers for your business.

When the time comes to sell your company, there are a multitude of decisions you will need to make. One of the first and most crucial decisions centers on how you will connect with buyers. Southard Financial makes it easier for you by allowing you to work with us exclusively or less formally, so you enjoy more offers or potentially more cost-saving flexibility.

Investment Valuations: Best Practices at Southard Financial

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We’re committed to upholding the industry’s highest standards.

Around the world, companies that provide valuations of private equity and venture capital investments follow the best practices spelled out in the International Private Equity and Venture Capital Valuation (IPEV) Guidelines. The IPEV Board, an independent body created in 2005, works to maintain, promote, monitor, and update the guidelines as needed; the most recent update was the December 2015 edition.

When Banks Buy Banks, Special Rules Apply

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Make sure your valuation is handled the right way.

Banks that are looking to acquire an existing bank or branch(es) need to be aware that such transactions must be valued in accordance with the federally mandated Accounting Standards Codification Topic 805, Business Combinations.

IRS Hears Testimony Against Changes in Section 2704 Regulations

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Southard Financial wants to keep you up to date on the debate.

As we explained in September, the IRS recently proposed sweeping new changes in Section 2704, which covers the treatment of valuation discounts. These discounts are a powerful estate-planning technique that high-net-worth families have traditionally used to protect assets that are transferred as gifts or bequests to heirs. The public comment period, which ended on November 2, was followed by public hearing before a panel of representatives from the Department of the Treasury and the IRS in Washington, D.C. on December 2.

Following are highlights from that hearing, as reported by Peter H. Agrapides, MBA, CVA, on behalf of the National Association of Certified Valuators and Analysts (NACVA).

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Phone: (901) 761-7500   Fax: (901) 761-6045