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40+ Years of Business Valuation ExperienceWith decades of experience to our name, our professionals have performed appraisals on hundreds of local and national businesses. -
Better Service and Better ValueFrom ESOP to intangible asset measurements, Gibraltar Business Valuations is your one-stop shop for all of your business appraisal needs.
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A Valuation Firm Unlike Any Other"Gibraltar Business Valuations was a significant improvement over our previous valuation firm. They dig deep into the details to really understand our business."
ASC 350 Goodwill Valuation in Utah
Understanding Intangible Asset Impairment Testing
As with anything in business, there are always rules, requirements, and regulations which you must follow. This is especially true when it comes to financial transactions.
Goodwill and other intangible assets are typically analyzed annually for impairment, in accordance with ASC 350. There are certain procedures which are set, and rules that must be complied with. You may need the assistance from an experienced business valuation professional to guide you through this complex valuation process.
Call Gibraltar Business Valuations at (855) 231-1401 for more information.
Is Impairment Testing Necessary for Your Business?
Our team of professionals at Gibraltar Business Valuations can assist you in understanding the way that impairment testing works and ensure that you are in full compliance.
In some cases, you will only be required to undergo brief analysis, known as a qualitative assessment, once a year; however, there are some cases where you may need to have your assets tested more frequently.
There are a few scenarios where your intangible assets may be required to undergo testing:
- The loss of key personnel in your company
- Unanticipated competition for your business
- An adverse assessment or action by a regulator
- A significant change in the business climate
Comprehensive Treatment of Goodwill & Intangible Assets
There are many different factors involved in impairment testing, all of which can be handled by our professional, experienced team at Gibraltar Business Valuations. With more than 40 years of experience and insight under our belts, you can rely on us to meet your varying needs when it comes to goodwill valuation and intangible asset impairment testing.
With three offices around the country, in Colorado, Illinois and Utah, we offer you the convenience and comfort of working with a well-established, respected company.
We are known for our expansive knowledge in the field and have earned the respect of our colleagues in the industry. Most importantly, Gibraltar Business Valuations has built lasting relationships with our clients.
To make an appointment call us at (855) 231-1401 or fill out an online form today.
Local Insights on Goodwill Valuation in Utah
In Utah, businesses face unique challenges that can impact the valuation of goodwill and intangible assets. With a growing economy and a diverse range of industries, from technology to tourism, understanding the local market dynamics is crucial. The Utah Department of Commerce provides resources and guidelines that can help businesses navigate the complexities of financial regulations, including those related to ASC 350.
Moreover, Utah's vibrant business landscape means that companies must stay ahead of potential risks. Whether it’s adapting to new technologies or responding to economic shifts, our team at Gibraltar Business Valuations understands the local context and can provide tailored guidance. We recognize that each business is unique, and we are here to help you navigate the intricacies of goodwill valuation and impairment testing in Utah.
For personalized assistance, call Gibraltar Business Valuations at (855) 231-1401 or fill out an online form today.
Testimonials
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"Well-Written Valuation Reports"
Don distinguishes himself by consistently submitting well-written valuation reports. He is highly intelligent and has good analytical and communication skills. I appreciate that Don thinks analytically about the valuation and looks for areas of potential improvement.- Kevin Franson, CPSM — Franson Civil Engineers -
"Insightful and Valuable Valuation Services"
Gibraltar Business Valuations has provided insightful and valuable valuation services, allowing Bunnell to implement an effective strategy in our transition to being employee owned.- Jeanie Larson, Vice President of Finance — Bunnell, Inc. -
"Significant Improvement Over Our Previous Valuation Firm"
Gibraltar Business Valuations was a significant improvement over our previous valuation firm. They dig deep into the details to really understand our business and our ESOP. Their analysis is superior and reports are highly professional.- Rex R. Plaizier, President — WesTech Engineering, Inc. -
"Gibraltar Business Valuations Brings Attention to Detail to the Valuation Process"
We’ve been very impressed with the level of professionalism and attention to detail that Gibraltar Business Valuations brings to the valuation process. Gibraltar Business Valuations works hard to understand the complexities of our business, much more so than our previous valuators. They dig deep below the surface to discover the unique nature of our company, asking questions and listening carefully to the answers. We find the reports to be very useful in summarizing the opportunities as well as the challenges we face.- David Harvey, President — Crown Enterprises, Inc. dba Sportsman and Ski Haus -
"Gibraltar Business Valuations Provides Great Service"
When we had an urgent need for help on a project, Gibraltar Business Valuations stepped-up at a moment's notice, taking the first available flight to get here as quickly as possible to help us meet a tight deadline. Gibraltar Business Valuations consistently provides quality work, even in challenging circumstances such as a tight deadline. We know we can rely on Gibraltar Business Valuations for professional expertise and service. Scott D. Hampton, Founding Member - Hampton IP- Scott Hampton
