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Category: Valuations

April 9, 2019

How to Determine The Value of An Auto Dealership

Many auto dealership owners have a preconceived notion of what their businesses are worth. It might be based on a “rule of thumb” such as a specified multiple of vehicle sales, the dealership’s revenue stream, a percentage of earnings or “book value.” However, while these factors may give you an idea about a business’ net worth, they hardly represent the entire picture. So how can you find out the value of your dealership? For starters, it is helpful to pinpoint comparable… Read more ›

February 9, 2018

CBM Manager Dan Keefer Recognized as Certified Valuation Analyst

Daniel Keefer, CPA, CVA, a manager at CBM – Councilor, Buchanan & Mitchell, P.C. has successfully completed the certification process with the National Association of Certified Valuators and Analysts™ (NACVA) to earn the Certified Valuation Analyst (CVA) credential. The CVA credential is granted only to qualified individuals with considerable professional experience in the field of business valuation. “The CVA designation is an indication to the business, professional, and legal communities that recipients have met NACVA’s rigorous standards of professionalism, expertise,… Read more ›

September 7, 2017

Asset Valuations and Your Estate Plan Go Hand in Hand

If your estate plan calls for making noncash gifts in trust or outright to beneficiaries, you need to know the value of those gifts and disclose them to the IRS on a gift tax return. For substantial gifts of noncash assets other than marketable securities, it’s a good idea to have a qualified appraiser value the gifts at the time of the transfer. Adequately disclosing a gift A three-year statute of limitations applies during which the IRS can challenge the… Read more ›

November 20, 2014

CBM Expands Their Professional Services Practice

CBM is pleased to announce the expansion of their professional services division. The firm’s depth of experience goes back to its inception in 1921. Since opening its doors, CBM has served a variety of professional services clients throughout the Washington, DC and Baltimore metropolitan areas. “As a CPA and business advisory firm, we understand the unique needs and day-to-day challenges that other professional service firms encounter,” said Peter B. Reilly, CPA, CVA, President and Managing Partner of CBM. “Our clients vary… Read more ›