The Bottom Line

        GHP Investment Advisors
               Quarterly Newsletter

        Valuation & Litigation Briefing 

        News from the Audit Department 

The following information has been produced by The GHP Financial Group as a service to clients and other interested individuals. Any action based on the information in this publication should be taken only after consulting your GHP Financial Group advisor. Please contact Patrice Hettinger, Marketing Director, at 303-831-5069 to request hard copies of the newsletters.

The Bottom Line

• Summer 2005
  Deductibility of Your Local Transportation Costs
• Spring 2005
  A New Name and a New Look for Gelfond Hochstadt Pangburn, P.C.
• Fall 2004
  Sarbanes-Oxley Update, Tax Guide Online Updates, “Check 21”, Annual SEC Conference
• Summer 2004
  Protecting Our Clients With Security Software, Key Steps for a Successful Interview, Horwath Conference Concludes
• Spring 2004
  Financial Self-Knowledge, Peek-A-Who?, How Do I Expense My Vehicle?
• Fall 2003
  Are You Being Served?, Colorado I Have A Dream, GHP Newsmakers, Understanding the Sale-Leaseback Strategy
• Spring 2003
  Situations That Require A Business Valuation, Client Spotlight, GHP Newsmakers, Annual Offering Form ADV: Part II, and much more…
• Special Tax Edition 2003
  Jobs and Growth Tax Relief Reconciliation Act of 2003
• Winter 2003
  New Managing Director, Tax Topics of Interest, GHP Newsmakers, Why Use A Staffing Firm?

Click here to see previous issues of The Bottom Line.

Valuation & Litigation Briefing Newsletter

• November / December 2007
  Hiring an expert? Beware the dangers of advocacy; Defense experts and the “double or nothing” strategy; Preferred stock presents uncommon valuation challenges
• September / October 2007
  From data to damages, Calculating lost profits for an unestablished business, Court blurs the line between foresight and hindsight, Playing the goodwill game, Consult state law for a winning valuation
• July / August 2007
  Mine games, Using data mining to detect fraud; Spell it out for me Purchase price allocations to non compete agreements; Cause/effect: The role of causation in damage calculations
• May/June 2007
  ESOPs put a premium on business valuation, Be reasonable: Court weighs in on reasonable compensation, Make sure the forecast isn’t a snow job
• March/April 2007
  The backdating game, Stock option scandal raises litigation issues, USPAP revisions clarify valuator responsibilities, FASB update
• January/February 2007
  "Fair value" in dissenting shareholder cases, The price of royalty, The case of the missing business valuation, Lost profits vs. lost business value - Are they mutually exclusive?
• November/December 2006
  It takes one to know one, The impact of lockstep transfers on minority discounts, Regular property valuation critical with coinsurance clauses
• September/October 2006
  What's in a name? The Z score, Tax Court looks at stock sales between family members, Putting valuation into context
• July/August 2006
  Physician noncompete agreements, The role of valuation analysis in bankruptcy, Security issues, Gaining an appreciation for depreciation
• May/June 2006
  The quiet component, Weighing your options, Deconstructing construction damages, Buy-sell agreement fails test: A case in point
• March/April 2006
  The pros and cons of the guideline transactions method, Fairness fundamentals, Business, interrupted
• January/February 2006
  FLPs continue to be viable, Valuing retirement plans in divorce, How much should valuation discounts for fractional real estate interests be?
• November/December 2005
  Forecasts vs. projections, Impact of built-in capital gains, on corporate valuations, What’s your life worth?
• September/October 2005
  Does a key person open the discount door?; Personal consumption and wrongful death damages; Garbage in, garbage out: A valuation method is only as reliable as its data
• July/August 2005
  Taking the bite out of electronic discovery, Rules of engagement; Establish ground rules to make joint valuations work, Buy-sell agreements: A “True” story

• May/June 2005
  When do subsequent events affect value? Health care valuation
  helps diagnose compliance issues, Using qualified settlement funds

• March/April 2005
  Court rejects both sides’ expert testimony, Placing limits on limited liability, Financial experts play key role in alter ego cases, Compensating factors determining reasonable compensation in business valuation
• January/February 2005
  Family values; Divorce valuation and the search for missing income, Keeping the FLP viable as a planning tool, Team approach yields more accurate valuations
• November/December 2004
  What seems to be the trouble?; Keeping discounts and premiums under control; Recent ruling defines importance of subsequent events
• September/October 2004
  Bad facts, good result: Valuation discounts applied despite failed FLP; Does size matter? The debate over the small stock risk premium continues; and much more...
• July/August 2004
  Be prepared, Brushing up on dental practice valuation, and Can the "reasonably foreseeable" rule be broken?
• May/June 2004
  Key steps for preparing an expert witness, how nonfinancial items affect a company’s value, and much more…
• March/April 2004
  A limited partnership vs. an assignee interest: Which is worth more? The ins and outs of quantifying damages, Medical practice transfer issues
• January/February 2004
  The loss-of-earnings model may be troublesome in wrongful termination cases, and much more…
• November/December 2003
  Seize the valuation opportunity, how to test the business damages model, and reflecting the trapped capital gains taxes adjustment
• September/October 2003
  Limiting conditions may bite back in court, 6 adjustments to value you need to know about, and much more…
• July/August 2003

Click here to see previous issues of the Valuation & Litigation Briefing newsletter.

News from the Audit Department

• Form 8-K Requirement Rule Change
  The SEC’s recently adapted new rule relating to Form 8-K requirements expands the number of events that are reportable on Form 8-K under the Securities Exchange Act of 1934.
• SEC’s Statement Regarding Guidance for MD&A Preparation
  Effective December 29, 2003, the Securities and Exchange Commission issued guidance on preparation of Management’s Discussion and Analysis. The actual release statement clearly illustrates what the SEC staff is looking for in annual and quarterly reports, and registration statements.
• SEC’s New Disclosure Requirements and Amendments to Existing Requirements
  In November 2003, the Securities and Exchange Commission issued a final rule adopting new disclosure requirements and amendments to existing disclosure requirements to enhance the transparency of the operations of boards of directors.
• Sarbanes-Oxley Act
  A summary regarding the current status of implementation requirements of the Sarbanes-Oxley Act. The major provisions of the act have been captured, emphasizing aspects that are more applicable to public companies as opposed to specific provisions applicable to accounting firms, although such provisions are also briefly discussed.
• PCAOB Registration Approved
  The Public Company Accounting Oversight Board (PCAOB) recently approved GHP’s registration per new requirements stated in the Sarbanes-Oxley Act of 2002.

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