What is Revenue Ruling 59-60?
The Internal Revenue Service (“IRS”) issued a Revenue Ruling in 1959 that to this day serves as the benchmark guide for valuation professionals to follow in their work. The revenue ruling was the 60th revenue ruling made in 1959. Thus, the ruling became known as Revenue Ruling 59-60. The elements we examine during valuations adhere […]
What is EBITDA?
Many practitioners in business, finance, accounting, and valuation circles make reference to EBITDA; a metric that is both intriguing and controversial. EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company’s pre-tax operating cash flow before deductions for capital expenditures or debt service requirements. EBITDA is a common […]