Meara Welch Browne, P.C. - Certified Public Accountants

Larger Companies Worth More: Are large companies worth more than small companies? The empirical data say yes. There has long been a controversy in business valuation as to the impact of company size on pricing multiples. ...more...
I'll Gladly Pay You Tuesday for a Hamburger Today: Remember the quip by Wimpy from the Popeye cartoon, "I'll gladly pay you Tuesday for a hamburger today"? Wimpy understood the time value of money. He understood that it was better to defer payment until Tuesday for something he could eat today! The value of a business can be greatly affected by the time value of money in the same way. Why? Because something can happen between now and Tuesday that could cause the provider of the hamburger to go unpaid. This is called risk. But what makes business valuation interesting is that different people have different risk tolerance and motives that can change the value of a particular asset significantly, even though the anticipated earnings stream may not change. ...more...
Ready, Set…Value!: In our continuing discussion of business valuation, we are now ready to discuss how we approach the task of valuing a business. ...more...
What Is Business Valuation?: In our last issue, we discussed two of the three components of business value, tangible assets and liabilities. Business value, as we have discussed, is the summation of the Value of Tangible Assets plus Intangible Assets minus Liabilities. In this segment we are going to discuss the last component of business value — intangible assets. ...more...
What Is Business Valuation?: If you have been following our series on business valuation, you know we have defined business value as the summation of the Value of Tangible Assets + Intangible Assets - Liabilities. We have also discussed the most common standard of value - fair market value. In this segment we will discuss two components of business value - tangible assets and liabilities. ...more...
What Is Business Valuation (continued)?: In the last newsletter we broadly defined business valuation and discussed the meaning of fair market value. We learned that business valuation is the process of determining "business value." Business value was defined as the sum of the Value of Tangible Assets + Intangible Assets - Liabilities. ...more...
What Is Business Valuation?
By: , CPA, ABV, CFE, CFF, Meara, King & Co. Certified Public Accountants: Business Valuation can mean a lot of things, but in gneral, it is the attempt to quantify the "value" or "worth" of a business entity's tangible and intangible assets less any liabilities ...more...
The Merger & Acquisition Market and Tips on Selling Your Business
By: , CPA, ABV, CFE, CFF, Meara, King & Co. Certified Public Accountants: You may remember that back in 1997, we examined the merger and acquisition (M&A) market and informed you that it had hit an all-time high. We also indicated that it was likely that 1998 would see another record year. Guess what? ...more...
IRS Continues to Attack Discounts
By: , CPA, ABV, CFE, CFF, Meara, King & Co. Certified Public Accountants: Having an independent appraisal of closely held corporate stock for gift or estate tax purposes is becoming a virtual necessity... ...more...
Charitable Contribution Deductions: Two recent tax court cases dealing with charitable contribution deductions indicate the need for adequate and quality documentation of the fair market value of the asset(s) contributed in order to help assure that the IRS allows the deduction ...more...

Meara Welch Browne, P.C. | 800 West 47th Street, Suite 430 | Kansas City, MO 64112-1246 | 816-561-1400 | 816-561-6296 fax