Business Interruption Claims Quantification

Business Interruption Claims

Due to Hurricane Ian

Has your business been affected by Hurricane Ian? If so, we may be able to help you quantify and claim monies owed to you as result of the interruption in operations.

Anchor is working with an exceptional legal team (possessing expertise on both sides - insurance and litigation) for claim submission. Review and quantification of lost profits is applied against an upfront retainer and legal assistance provided is based upon contingency (meaning if you don't receive compensation for your loss, nor does representing counsel).

Insurance companies have reserves in place for events such as Hurricane Ian and claims are paid on a first come, first payout basis. As time passes since the date of the event in question, the reserves are reduced, and more claimants are in the queue, slowing down the process. The sooner you get started on claim submission the better!

Call today for a free consultation (239) 919-3092

Next Steps Post-Ian

In this inconceivably horrible time for so many people we wanted to send everyone in need our prayers and condolences and share a few proposed steps to take in order to attempt a swift financial recovery.

  • Contact your insurance agent, broker or insurance company as soon as you can to file a claim.
  • Prepare a list of damaged or lost items and proof of cost (if possible).
  • Memorialize the effects of the storm early on in the cleanup process.
  • Photograph or videotape the damage for further documentation to support your claim.
  • If possible, keep damaged items or portions of those items until the claims adjuster has visited your home.
  • Do not throw away anything you plan to claim without discussing it with your adjuster first.
  • Keep receipts for additional expenses incurred such as lodging, repairs or other supplies.
  • Make copies of all documents and pictures given to your claims adjuster or insurance company.
  • Stop unnecessary expenses if your house is inhabitable. Notify the utility company and other service companies (phone, internet, etc.) so they can stop billing immediately.
  • Estimate the amount of income and emergency savings you have to pay bills while you recover from the disaster in order to create a prioritized budget. Insurance premiums and rent or mortgage as top priority.
  • Call creditors and ask for more time to pay as need be.

Below is a link to the FEMA Disaster Recovery page for Hurricane Ian.
Everyone be safe and support those in need.

National Association of Certified Valuators & Anchor BVFS in the News!

What is the right time to get a 409A Valuation

Get your company valued today if you haven't already - it's important for a variety of reasons! Knowing how much your business is worth and when a 409A valuation is required helps you make decisions about marketing and expansion, and it's also a good idea to get it done every year so you can track progress and growth...

when is 409a valuation required

Importance of 409A Valuation for Start-up

A start-up 409A valuation is a framework that allows private companies to correctly value private stock options at the time of grant. This protects the employee from receiving options that are not worth the fair market value. When a business is first starting up, cash flow is often limited. This can make it difficult to pay employees their full salary, as much of the budget may be allocated to other areas...

409a valuation startup

Everything you need to know about 409A Valuation

The 409A valuation can often feel like a black box to many people. It has changed a lot over the 15 years since it was first introduced. It used to be a hodgepodge of now-outdated techniques and loose ranges. But now it is a set of more established, well-defined methodologies and inputs. The 409A valuation is the only method you can use to grant options on a tax-free basis to your employees...

What is 409a Valuation

The Knows and Hows of a 409A Valuation Calculator

If you are yet to get your company valued, it is high time that you do it now. The value of your company is important to know for a variety of reasons. Understanding how much your business is worth can help you make informed decisions about things like marketing and expansion. It's also a good idea to get your company valued on an annual basis so you can track your progress and growth over time...

409a valuation calculator

Why does a Private Company need Share Valuation?

Valuing shares is the process of determining the worth of a company's shares. Valuation of Private Company Share is usually done using quantitative techniques, and the value of shares can fluctuate depending on market demand and supply. The share prices of publicly traded companies can be easily determined. But for privately held companies whose shares are not publicly traded, valuing shares can be really important and challenging...

valuation of private company shares

Ways to Value Shares of Private Company

Are you an entrepreneur with a dream to start a groundbreaking company? Get prepared for a bumpy ride. There will be many twists and turns on the road to making your dream a reality, and you'll need all the help you can get. A 409A valuation of shares of private company is like a signpost on your journey, providing useful information about where you are and how far you still have to go. There are three approaches to choose from, each impacting the cost of your 409A valuation and determining who can do valuation of shares of a private limited company...

valuation of shares of private company

How Much Does a 409A Valuation Cost?

A 409A valuation is an appraisal of the fair market value (FMV) of a private company’s common stock by an independent appraiser. The valuation is used to determine the cost to purchase a share and comes from section 409A of the IRS’s internal revenue code (IRC)...

how much does a 409a valuation cost

Categories for Family Estate Tax Planning*

*Anchor Business Valuations & Financial Services, LLC are not attorneys, nor provide legal advice. From time to time in our blog entries we will share information that has crossed our desks that we believe our clients and potential clients might find beneficial in knowing (footnoted accordingly). As it pertains to estate and gift planning, Anchor has ~10 years of expertise determining the fair market value of assets...

Categories for Family Estate Tax Planning

What Is the Purpose of Stock Valuation

Stock valuation is a crucial tool for anyone trading stocks. It helps you make smart decisions by calculating the fair market value of a company's stock at a specific time. This is done by using standard formulas, and it's important to do this so you can predict future market prices and time your sales or purchases accordingly...

what is the purpose of stock valuation

Improved IRS Guidelines to Avoid Federal Estate Taxes*

*Anchor Business Valuations & Financial Services, LLC are not attorneys, nor provide legal advice. From time to time in our blog entries we will share information that has crossed our desks that we believe our clients and potential clients might find beneficial in knowing (footnoted accordingly). As it pertains to estate and gift planning, Anchor has ~10 years of expertise determining the fair market value of assets...

Improved IRS Guidelines to Avoid Federal Estate Taxes

Inflation Reduction Act Scoop

I know better than to proffer a blanket opinion with respect to a political party’s “rights” or “wrongs”, that being said, there are some elements of the Inflation Reduction Act that demand highlighting (especially as someone who A.) worries (it feels like) too much about the environment and B.) will be driving an EV in the near future)...

Inflation Reduction Act Scoop

Stark Law in Consideration of Healthcare Fair Market Value

For those of you who unaware of what the Stark Law consists of, it is, in simplest terms, a way to prevent physicians from referring services to themselves (or family members – i.e., spouses).There are exceptions to the law, and ways to work within the law, of which I have witnessed a few creative ones from clients. Stark Law is a hot topic for many medical providers, one I find especially interesting. For those of you who feel the same re: the topic...

Stark Law in Consideration of Healthcare Fair Market Value

Trisch Garthoeffner, ABV, CVA, MAFF, EA Nominated as Chairman of the NACVA Standards Board (National Association of Certified Valuators & Analysts)

I am so humbled and proud to be serving as the 2022-2023 Chair of the NACVA Standards Board.

2022 Annual Filing Season Program - Record of Completion

Tricia Garthoeffner

Annual Filing Session Program

BV movers . . .

Business Valuation Resources

BV Movers

Go Naples High School Eagles!! 🏈🦅

Anchor is a Proud Sponsor of the Naples High School Football team!!

ABVFS

NACVA NAMES TRISCH GARTHOEFFNER TO ITS STANDARDS
BOARD AS VICE CHAIR

FOR IMMEDIATE RELEASE

SALT LAKE CITY—June 25, 2021—The National Association of Certified Valuators and Analysts® (NACVA®), the organization that has trained over 35,000 CPAs and other valuation and consulting professionals in the field of business valuation, financial forensics, and various related specialty areas serving the legal and business communities, today announced that Trisch Garthoeffner has been named a member of its Standards Board (SDB), as Vice Chair, which has the responsibility to provide clarification/interpretation of the Standards in response to questions from NACVA members.

“The Standards Board provides the Association with critical guidance and important oversight,” said NACVA’s Chief Executive Officer, Parnell Black, MBA, CPA, CVA. “We are very pleased that [NAME] has agreed to join the Board, share [his/her] insight with us, and help the Association as we assist thousands of members keep up with the demand of the profession and obtain the necessary training, certification, and credibility so they grow and thrive in their practice, while maintaining the highest of standards, and strengthen brands.”

The SDB will support the broad use and acceptance of NACVA Standards by pursuing bipartisan relationships with other standards-making organizations. They also have the charge to stay abreast of other industry standards, rules and requirements, and practice aids. Accordingly, the Board will be proactive in influencing other organizations’ pronouncements in the best interest of NACVA members.

Members of the SDB are responsible for fielding phone calls referred to them by HQ to explain or interpret any portion of our Standards. The Board’s purpose is to promulgate NACVA’s Standards throughout the business valuation provider and user communities. This is achieved by addressing issues in the business valuation community and providing interpretations, amendments, restatements, and new releases of NACVA’s Standards as deemed necessary and prudent. NACVA’s Professional Standards are available at www.NACVA.com/Standards.

Additionally, upholding these standards maintains NACVA’s own requirements associated with attaining accreditation for the Certified Valuation Analyst (CVA) designation through the American National Standards Institute (ANSI), and the National Commission for Certifying Agencies (NCCA)— a division of the Institute for Credentialing Excellence (ICE). The CVA designation is the only valuation credential that has gone through such a rigorous internationally recognized accreditation process. It also creates a clear and valuable market distinction for the CVA credential by satisfying the highest level of professionalism and credibility. Only four credentials in the world hold both the NCCA and ANSI accreditations.

About NACVA:

Headquartered in Salt Lake City, UT, the National Association of Certified Valuators and Analysts (NACVA) is a global, professional association that delivers training from the nation’s leading experts in consulting fields such as business valuation, financial litigation forensics, expert witnessing, forensic accounting, risk fraud management, mergers and acquisitions, business and intellectual property damages, fair value, healthcare consulting, and exit strategies. Along with its training and certification programs, NACVA offers a range of support services, reference materials, software, and customized databases to enhance the professional capabilities and capacities of its members. The Certified Valuation Analyst® (CVA®) is the only business valuation credential accredited by the National Commission for Certifying Agencies (NCCA) and the American National Standards Institute (ANSI). To learn more, visit www.NACVA.com.

NACVA Honors - Standard Board

Adding Women to the C-Suite Changes How Companies Think 👩🏼‍🔬👩🏿‍🚀👩‍💻👩🏻‍⚖️👩🏾‍⚕️

💕🙌🏼You Can Convince Your Divorcing Spouse to be Cooperative

Great article from Keith Grossman www.attorneygrossman.com

SBA Procedural Notice: Paycheck Protection Program Loans and Changes of Ownership

Link to PDF: SBA Procedural Notice: Paycheck Protection Program Loans and Changes of Ownership

SBA Procedural Notice

NACVA Standards Board FAQ's Posted on QuickRead 🙌🏼

Rob does a great job detailing some of the recent work that we have been doing on the NACVA Standard’s Board

Great Documentary Suggested by Client

Kiss the Ground Regenerative Agriculture. Narrated by Woody Harrelson, extremely informative and eye-opening. All about effects of proper soil treatment on our environment. Kiss the Ground

Kiss The Ground

New to my "To Read" List - Art of Start 2.0 by Guy Kawasaki

I’m excited about this one, recommended to me by a respected colleague.
10 Slides Pitches

Wishing you a Happy Thanksgiving 👩🏻‍🌾💛🧡👩🏾‍🌾

Happy Thanksgiving

A Clear and Easy Guide to Collaborative Divorce

http://amzn.to/2I4o1B8 Jeremy (Dr. Gaies) was one of my collaborative divorce law trainers. I own this book and recommend it as a simple, straightforward guide to the collaborative divorce process (of which I am a strong supporter).

Anchor Business Valuations 🧢

ABV Legacy Hat
Check out these cool cats in our new Anchor Business Valuations logo⚓ Legacy Apparel baseball hats! Love to Mercedes Fonte and Dr. Ben Abo for a fun evening that could only be “topped” off by a brief hat modeling photoshoot ♥♥♥♥

Congratulations Rakshit - AICPA's ABV International Champion

AICPA

Wonderful Resilience of the American Dream 👷‍♀️👨🏾‍⚕️👮🏽‍♂️👩🏻‍🍳👨🏿‍💼

Deloitte Private
Deloitte Private

💗NACVA - Around the Valuation World Morning Show

Honored to get a “shout out” from Brien Jones, COO of National Association of Certified Valuators & Analysts

https://www.youtube.com/watch?v=KGsMZrPUD64

PPP Application Update 🗽

Thank you Abo and Company, LLC for this informative PPP Application Update! www.aboandcompany.com
PPP Application Update
Click here to view the simpler loan forgiveness application.
Click here to view the instructions for completing the simpler loan forgiveness application.
Click here to view the Interim Final Rule on the simpler forgiveness process for loans of $50,000 or less.

Master Class with Professor Damodaran - Institute of Valuers and Appraisers, Singapore (IVAS) & Standards Council (IVSC)

Got a chance to watch Professor Damodaran’s masterclass organized by the IVAS and IVAC last night. Fabulous job! I especially love the key takeaways that Prof. Damodaran hit home:
  • Price =’s Cash Flows + Growth + Risk, AND;
  • Narrative is KEY (it is imperative for the value expert to understand the “story” of the subject company).

https://www.sac.gov.sg/ivas-ivsc-business-valuation-conference-2020

2020 Election: Candidates' Tax Position - Merrill ¯\_(ツ)_/¯

Weighting Scheme Options in a COVID World

Proper Weighting Scheme