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Business valuations in Alabama for donations, M&A, gift tax, and IRA conversion, prepared in accordance with USPAP and IRS requirements. AppraiseItNow appraises small businesses, partnerships, corporations, professional practices, and franchises across Alabama, including Birmingham, Huntsville, and Montgomery.
DEFENSIBLE, USPAP-COMPLIANT BUSINESS APPRAISAL REPORTS — QUALIFIED FOR THE IRS, ALABAMA COURTS, LENDERS, INSURERS, AND MORE.
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Owner & CEO
Joe founded AppraiseItNow to make a certified, USPAP-compliant appraisal as simple to order as anything else online. A former Bain & Company strategy consultant, Joe leads the entire team and specializes in strategy, growth, and the firm's tech capabilities.
Business Valuation Expert & Appraiser
ASA, ABV, and CFA charterholder. Since 2016 Justin has valued businesses for estate and gift tax, purchase price allocations, fairness opinions, lending, and buy-sell agreements, across manufacturing, services, retail, and pre-revenue biotech.
Business Valuation Expert & Appraiser
Accredited Senior Appraiser with the American Society of Appraisers. Raymond values capital stock, business enterprises, stock options, and intangible assets.
Client Success Manager
Manages each engagement from the first enquiry to the delivered report, and keeps you posted at every step along the way.
American Society of AppraisersAccredited Senior Appraiser
The Appraisal FoundationAuthorized by Congress as the source of appraisal standardsAppraiseItNow appraises closely held Alabama companies, partnerships and professional practices for gift and estate tax returns, charitable gifts of stock or units, retirement account conversions, sales between owners, buy and sell agreements, and divorce. Where the balance sheet is mostly machinery, the equipment is valued in its own right by our Alabama equipment appraisals and the company conclusion is built on top of that.
Fractional stakes
Transfer restrictions, who controls distributions, and what a transferee actually receives are read out of the governing documents before any discount is discussed, because those terms are the evidence for it.
Professional practices
Where revenue follows a licensed owner, the valuation separates what the enterprise would keep from what would leave with that person, and says plainly which of the two it concluded on.
Earnings quality
Owner perks, related party rent, single contracts that will not recur, and pay set for tax reasons are each adjusted and each shown, so a reviewer can disagree with one without rejecting the whole.
An Alabama file usually names the day the value has to speak to, and that day is seldom the day we are asked. A gift return looks back to when the interest changed hands. A buy and sell agreement looks to the event that triggered it. An estate looks to the death. Fixing that first is what keeps later knowledge out of a conclusion that is not entitled to use it.
Hindsight
A contract won two months after the date, or a customer lost just after it, is not evidence of value on the date. Such an event is disclosed as a later development instead of being priced in.
Control
Two Alabama stakes of identical size can be worth different amounts when one can force a sale or a distribution and the other cannot. The report names the powers the subject interest really carries.
Two Alabama taxes land in the middle of a valuation. One is computed from a net worth figure owners regularly mistake for a value. The other moves income tax off the owners and onto the company, changing what reaches them.
Privilege tax
Net worth
is the Alabama business privilege tax base, graduated by the size of that net worth and capped by entity type
Alabama computes the business privilege tax on taxable Alabama net worth. The Department of Revenue's rate schedule runs from "$ .25 per thousand" at the bottom of the table to "$1.75 per thousand" at the top, with maximum amounts of "$15,000" for C corporations, S corporations, regulated utilities and real estate investment trusts, "$500" for an electing family limited liability entity, and "$3,000,000" for financial institution groups and insurance companies subject to the Alabama insurance premium tax. The same schedule records that under Act 2022-252, "for taxable year 2024, taxpayers who would be subject to the minimum tax of one hundred dollars ($100), do not have a filing requirement." Net worth here is a balance sheet figure assembled from historical cost. An owner who offers a privilege tax return as proof of what the company is worth is offering book value, which is where a great many Alabama valuation conversations have to start.
Alabama Department of Revenue, business privilege tax quick reference
Entity level tax
5 percent
is the Alabama rate an electing pass through entity pays on its own taxable income before anything reaches the owners
For tax years beginning on or after January 1, 2021 an Alabama S corporation or Subchapter K entity may elect to be taxed at the entity level. The Department of Revenue states the rate without qualification: "The tax rate is 5 percent." The entity's Alabama taxable income is apportioned under chapter 27 of Title 40, and the Department adds that "Alabama tax paid under this provision shall not be deducted in calculating Alabama taxable income," while each owner reports a distributive share and claims a refundable credit for the tax the entity paid. None of that is a detail for an appraiser. An electing company's historical cash flow carries a state tax its owners used to pay personally, so a benefit stream lifted straight from the statements of an electing year is not comparable with one from a year before the election, and whether the election is expected to continue is an assumption the report has to put in writing.
Alabama Department of Revenue, electing pass through entity FAQ
What clients say we are known for
Across 100+ published AppraiseItNow reviews the picture is consistent: every one is from a client who paid us for an appraisal, and the three things they raise most often are that they would hire us again, how quickly we answer, and how much research is visible in the report.
Responsive, professional, first class deliverables -- especially considering that that the appraised assets are extremely complex financial assets with little by way of comps. The deliverable satisfied my accountants and advisers as being more than adequate to support the valuation needed to complete a conversion to a Roth IRA
Business Valuation Appraisal for IRA Conversion
Joe and Aron were extremely impressive - the entire process went very smoothly. They were always quick to respond to any questions I had and could not have been more helpful. They were aware of some tight time restrictions I had and made sure I received my reports in a timely fashion. I highly recommend them to anyone needing a valuation.
Business Valuation Appraisal for Charitable Donation
I used AppraiseItNow to examine a contribution to a foundation. Their work was quick, thorough, and easy to work with, as they’ve developed a simple system for uploading documents. I plan to use them again.
Business Valuation Appraisal for Charitable Donation
The team was highly knowledgeable, helpful, and efficient. I highly recommend their appraisal services, especially for private companies.
Business Valuation Appraisal for IRA Conversion
I found them professional & responsive. The report was quite thorough as well.
Business Valuation Appraisal for Charitable Donation
From the start they were very responsive, price competitive, and had a quick turn around time. Thank you so much to Joe who was very sweet in responding to my emails; I am looking forward to utilizing AppraiseItNow for many years to come.
Given the USPAP-compliant nature of AppraiseItNow’s appraisal reports, we prepare our deliverables for major legal, tax, and financial reporting purposes for individual and commercial clients.
Popular uses of our appraisal reports include:
The income, market, and asset-based approaches. Professional standards from the AICPA, ASA, NACVA, and the IRS Business Valuation Guidelines all direct the analyst to consider all three, then weight the methods that best fit the company; reviews commonly flag reports that fail to document why an approach was rejected.
No. NACVA's professional standards limit rules of thumb to reasonableness checks because a multiple of sales or EBITDA ignores earnings quality, growth, asset mix, and risk. Tax, divorce, and shareholder matters require analysis of actual financial statements, industry conditions, and comparable transactions.
Alabama divides marital property by equitable distribution, and courts typically value assets as of the trial or final judgment date rather than the date of separation. That means a business valuation for an Alabama divorce generally needs to reflect conditions near the time of trial, though judges have discretion on the date.
The standard of value, the premise of value, the effective date, the exact interest being valued, and the information sources used. Standards require enough disclosure that a reader could follow the analysis from data to conclusion, which is what makes the report defensible under IRS or court review.
