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At the Pennsylvania Bar Association Family Law Section Winter Meeting 2009, which took place at the William Penn Hotel in Pittsburgh this weekend, a panel of judges, lawyers and CPAs discussed hot topics in family law and business valuation. One of the hot topics, presented by Pittsburgh valuation professional Richard F. Brabender, was double dipping. Specifically, this seminar discussed the theoretical/academic argument (which I have advocated in this blog) that […]

In Silver v. Silver, a 2007 decision of the Ohio Court of Appeals, Second Division, the court discussed a business owner’s income for support purposes in conjunction with a business valuation for equitable distribution purposes. The husband was the sole shareholder of a marketing business, which was marital property subject to equitable distribution. Both spouses offered expert reports and testimony as to income and business valuation. While husband’s expert averaged […]

The National Litigation Consultants’ Review this month contains a terrific article about depreciation addbacks in the context of income calculations for child support. Since the goal of a child support calculation is to allocate available cash flow (rather than taxable income) between the child’s parents, business depreciation expenses are usually added back to the net income. Depreciation expense is also added back when normalization is performed on the income statement of […]