Financial Reporting & Tax Valuations in Los Angeles

Technical valuation work that satisfies audit review and regulatory scrutiny — purchase price allocations, goodwill impairment testing, 409A opinions, equity compensation valuations, and tax-related appraisals for companies across Southern California.

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Valuation Work That Satisfies Auditors and the IRS

Financial reporting and tax valuations occupy a unique space in the valuation profession: they must comply with specific accounting standards or regulatory requirements, withstand audit review, and be delivered on timeline with the company's reporting cycle. The stakes are high — errors in purchase price allocations affect goodwill and intangible asset amortization for years. Unsupported 409A valuations expose companies and employees to significant tax liability. Goodwill impairment assessments directly affect reported earnings.

Our professionals have the technical background in accounting standards and tax regulations — combined with the valuation credentials and financial modeling depth — to deliver work product that holds up to auditor and IRS scrutiny. We work closely with the company's audit team and tax advisors to ensure our analysis is properly integrated into the financial reporting process.

Accounting Standards We Work Under
ASC 805 ASC 350 ASC 360 ASC 718 ASC 820 IRC §409A IRC §2031/2512 IRC §1060 IFRS 3 IAS 36

Purchase Price Allocation — ASC 805

Under ASC 805 (Business Combinations), an acquirer must allocate the total consideration paid in an acquisition to the identifiable assets and liabilities assumed — including intangible assets that may not have appeared on the target's balance sheet — with any residual allocated to goodwill. This purchase price allocation (PPA) must be completed within the measurement period following the acquisition and is subject to audit review.

Intangible Asset Identification & Valuation

The most judgment-intensive part of any PPA is the identification and valuation of intangible assets. We apply the appropriate valuation method for each asset class — relief from royalty for trade names and technology, multi-period excess earnings for customer relationships, cost approach for assembled workforce — and document our analysis in a form that satisfies auditor review.

  • Customer relationships and customer lists (MPEEM)
  • Trade names and trademarks (relief from royalty)
  • Developed technology and software (relief from royalty / cost)
  • Non-compete agreements (with/without analysis)
  • Favorable lease arrangements
  • Backlog and contract-based intangibles
  • Assembled workforce (cost approach)

Contingent Consideration (Earn-Outs)

When deal consideration includes earn-out or contingent payment provisions, ASC 805 requires these to be recorded at fair value at the acquisition date and remeasured each reporting period. We provide fair value opinions for complex earn-out structures, including probability-weighted scenario analyses and option-based models for milestone-contingent arrangements.

  • Revenue and EBITDA milestone earn-outs
  • Probability-weighted expected return models
  • Monte Carlo simulation for complex structures
  • Subsequent remeasurement analyses
  • Auditor-ready documentation and disclosure support
Working with Your Audit Team: We coordinate directly with the company's auditors throughout the PPA process — discussing methodology, supporting assumptions with market data, and responding to auditor questions promptly. Our reports are structured to facilitate the auditor's own review and sign-off.

Goodwill & Impairment Testing — ASC 350 / ASC 360

Under ASC 350, goodwill must be tested for impairment at least annually — and more frequently when triggering events suggest the fair value of a reporting unit may have fallen below its carrying amount. Under ASC 360, long-lived assets must be tested for recoverability when indicators of impairment are present. Both tests require independent fair value analyses that meet audit standards.

ASC 350 Goodwill Impairment Testing

  • Reporting unit definition and analysis
  • Qualitative assessment (Step 0) analysis
  • Quantitative fair value of reporting unit (Step 1)
  • Implied fair value of goodwill (Step 2) where required
  • Sensitivity analysis and headroom assessment
  • Triggering event evaluation and interim testing
  • Multi-reporting-unit structures

ASC 360 Long-Lived Asset Impairment

  • Asset group identification and recoverability testing
  • Undiscounted cash flow analysis (recoverability test)
  • Fair value determination of impaired asset groups
  • Allocated impairment charge computation
  • Right-of-use asset and operating lease impairment
  • Finite-lived intangible asset impairment analysis

409A Valuations & Equity Compensation — ASC 718

Section 409A of the Internal Revenue Code requires that stock options granted to employees be priced at or above fair market value at the grant date. For private companies, this requires a contemporaneous independent appraisal — commonly called a 409A valuation — to establish a defensible fair market value of the common stock. ASC 718 requires companies to measure the compensation cost of equity awards at grant date fair value and recognize this cost over the vesting period.

409A Common Stock Valuations

We provide IRS-compliant 409A valuations for early-stage companies through pre-IPO businesses, applying the appropriate equity allocation methodology for each stage of the company's development.

  • Option Pricing Model (OPM) — early stage and complex cap structures
  • Probability-Weighted Expected Return Method (PWERM)
  • Current Value Method (CVM) — near-liquidity situations
  • Hybrid approaches as appropriate
  • Preferred stock back-solve analysis
  • DLOM analysis for common stock

ASC 718 Equity Award Valuations

For financial reporting under ASC 718, we value stock options, restricted stock units, performance shares, and other equity-based awards at their grant-date fair value using models appropriate to the award structure.

  • Black-Scholes-Merton option pricing
  • Binomial lattice models
  • Monte Carlo simulation (market-condition awards)
  • Performance share and TSR award modeling
  • ESPP fair value determination
  • Modification accounting support

Estate, Gift & Tax-Related Valuations

Estate & Gift Tax

Valuations of closely held business interests, family limited partnerships, and other assets for estate and gift tax reporting. Our reports comply with IRS requirements and are structured to withstand examination.

  • Business interest valuations for Form 706 / 709
  • Family Limited Partnership (FLP) interest valuations
  • DLOC and DLOM analysis for tax purposes
  • Fractional interest real property valuations
  • Charitable contribution substantiation

S-Corp / C-Corp Conversion

Built-in gains valuations, IRC §338(h)(10) election support, and tax attribute valuations for corporate restructuring and conversion transactions.

  • Built-in gains tax analysis
  • IRC §338(h)(10) allocated asset values
  • IRC §1060 asset allocation
  • Entity restructuring support

Transfer Pricing & Intercompany

Fair market value support for intercompany transactions, management fee arrangements, and IP licensing between related entities.

  • Intercompany transaction valuation
  • Royalty rate analysis for IP licensing
  • Management fee reasonableness opinions
  • Related-party debt fair value analysis

Get Audit-Ready Valuation Work

We deliver financial reporting and tax valuations on schedule, coordinated directly with your audit and tax teams.

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