The President and CEO of The Washington Valuation Group, Achille Ekeu has been invited to speak about Exit Planning and Business Valuation at the Women's Business Center of the NCRC in Washington DC on April 22, 2021, from 11:00 am to 12:30 pm.

Participants to this webinar will learn the strategies they need to put in place to prepare to Exit their business without leaving any money on the table (in case of a sale). They will understand the importance of doing a business valuation at least five to ten years before their planned exit.

How Participants Will Benefit:

After this webinar, participants will be able to: 1-Explain the different reasons to exit a business 2-Describe the Exit options available to them 3-Describe the steps they need to take to transfer their business 4-Explain why the valuation of their business is critical when planning to exit

Who Should Attend?

All existing or prospective business owners looking to learn about business valuation and exit strategies.

Fee: No Cost

Register now for this webinar. Space is limited. So do not procrastinate. Click the link below now and register.

Achille Ekeu, The President and CEO of The Washington Valuation Group located in Washington DC met with Melissa Gragg, a business valuation expert located in Missouri and publisher of to talk about the impact of COVID-19 on business valuations. The interview was for about 45 minutes during which, Achille shared a great deal of information about what is happening on the market today and how various stakeholders are doing to keep up with the pandemic.

Achille Ekeu shares his Expert's thoughts on the best way to measure the impact of COVID-19 on business valuation and suggests three critical value-drivers that must be looked at: Cash Flow, Growth, and Risk.

A new non-GAAP metric called "EBITDAC" has appeared from nowhere in various financial statements from many organizations seeking to mitigate the impact of the pandemic on their cash flows. Achille Ekeu addresses that issue that could be problematic for the different stakeholders using those financial statements to determine the value of a company, to give a loan, to invest, to buy, to sell, and to make many other decisions related to those companies. Regulators like the SEC and many investors-protection organizations around the world are sounding the alarm on the use of that non-GAAP metric in financial reports and recommending that this metric not be used.

To find out more about these topics watch the full video below:

Here is the link to listen to the audio-only version of this conversation.

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  • Achille Ekeu, MBA, CVA

On July 16, 2020, Mr. Achille Ekeu, who is the State Chapter President of NACVA in Maryland and Washington DC and also the President and CEO of The Washington Valuation Group, moderated a Zoom conversation on the topic of "Business Valuation and Wealth Planning During Tumultuous Times".

This webinar that lasted an hour was organized by Rosen, Sapperstein & Friedlander, LLC (RS&F), one of the region’s leading business consulting and accounting firms, in partnership with the law firm Stein Sperling Bennet De Jong Driscoll, the National Association of Certified Valuators and Analysts (NACVA) and The Washington Valuation Group (WVG). The objectives of the webinar were to uncover wealth planning strategies, best practices, and discuss the challenges brought on by COVID-19. The panelists for that conversation were:

Andrew Runge

Biography: Andrew Runge is RS&F’s Director of Forensic and Valuation Services. Runge has over 25 years of experience in forensic accounting/investigation, economic damages, insurance, and litigation support services, as well as business valuations. He has been deposed and testified in court or other judicial proceedings many times throughout his career and has consulted on thousands of economic damage, construction delay, lost income, bodily injury, wrongful death, employee dishonesty, construction, and other insurance claims exceeding hundreds of millions of dollars in the United States and abroad. Runge also has prepared numerous business valuations of privately held companies as a whole and as partial interests.

David S. De Jong

Biography: Chair of Stein Sperling’s nationally regarded tax law group, David De Jong is a recognized and highly sought industry authority with more than 40 years of experience. Raised in Montgomery County, David always intended to practice law in his hometown. He has been instrumental in maintaining Stein Sperling’s collegial, small-firm feel while helping its tax department grow into a regional powerhouse. David brings a high level of expertise, creativity, sound judgment, and personal attention to help solve his clients’ tax, estate, and business matters.

The Moderator's Questions were:

1- What’s your opinion on the article I published this week in QuickRead titled:

Where Do You Stand on EBITDAC?

EBITDAC = Earnings Before Interests Taxes Depreciation Amortization and Coronavirus

Here is the link to the article:

2- How has COVID-19 affected the market values of private businesses? What

additional steps are being used to assess the uncertainty in the market and how are

those being addressed in valuation reports?

3- In leasing and commercial real estate is there an anticipated decline in long-term

activity and/or renewals? How will those declines impact the valuation of commercial

real properties?

4- What Possible changes in ordinary income and capital gain rates do you foresee?

5- What’s your perspective on possible estate freezes as well as changes to federal

and state estate tax exemptions?

6- How can depressed valuations be used to maximize estate planning?

7- Retirement Plans: Discuss

a- The temporary ability to borrow or receive greater distributions from

retirement plans.

b- The conversion of Traditional IRAs to Roth IRAs.

c- The minimum distributions from retirement plans and IRAs now starting

after age 72.

8- Will we see more goodwill and other asset impairment in the foreseeable future?

What are the pros/cons of asset impairment?

9- How Important are financial powers of attorney and medical directives today?

10- The IRS recently changed the review requirements of appraisals, what are your

thoughts about the potential effect? What steps should appraisers take to mitigate

challenges to client’s returns and avoid penalties?

11- Your comments on some of the more recent Tax Court rulings, specifically

regarding the one that permitted the 35% discount.

Here is the video of that conversation:

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