October 2016: Volume 22, Number 2

Posted on October 26, 2016  

Next Meeting: Thursday, Nov. 17, 2016

Place: Schechter Dokken Kanter, 100 Washington Avenue South, Suite 1600, Minneapolis, MN

Time: Noon – 1:00 PM

Agenda: Presentation is a recap of the AICPA Forensic and Valuation Services Conference. Presenters are Jennifer Schiefert and Cassandra Elgersma of Schechter Dokken Kanter.

Notes from the October 20 MABVP monthly meeting:

  • Jennifer Schiefert was presented with a service award for her outstanding leadership during her two years as President of the MABVP. Thank you Jennifer for your time and efforts.
  • President John Heidebrecht reported that several MABVP board members recently had a productive meeting with leadership from MNCPA. Discussions centered on how the two organizations can jointly promote events/programming that would benefit CPAs who also hold the ABV (business valuation) credential while offering the ABVs an opportunity to join our MABVP organization and meetings along with the local ASA members. MNCPA leadership will follow up with MABVP board members after the organization discusses how cooperative efforts can be implemented.
  • Member recruitment programs – First year membership dues for new MABVP members are being waived to attract new members. Additionally, current ASA members who join MABVP will have membership dues waived for two years.
  • Meeting attendance – There were several members of the local ASA chapter who attended the meeting. Welcome! It is nice to have you all with us. In an effort to increase attendance and share professional experience at monthly MABVP meetings, members of the local ASA chapter are being invited to MABVP monthly meetings.
  • Roundtable discussion – John Heidebrecht facilitated discussion of IRS proposed changes to Section 2704 of the Internal Revenue Code. Items that were raised: this is a major proposal by the IRS that would significantly alter valuation discounts as proposed; public comments on the proposed changes are due Nov. 2, 2016, and there will be a key hearing on the proposed changes on December 1st.

Upcoming Meeting Schedule:
Thursday, Nov. 17, 2016 (AICPA 2016 Forensic & Valuation Services Conference Recap – SDK)
Thursday, Dec. 15, 2016 (Valuation Contest w/ASA) Jeffrey Wright, Corporate Finance Associates
Thursday, Jan. 19, 2017 (Equipment Appraisals, Bud Sandberg)
Thursday, Feb. 16, 2017 (speaker pending)
Monday in March 2017 (joint meeting with ASA; date TBD)
April 2017 (no meeting – Valuation Conference)
No meetings May to August 2017

You can reach MABVP President John Heidebrecht at john@bhexperts.com. Cathy Hickman can be contacted at mabvp.cathy@gmail.com.