Karolina Calhoun, CPA, ABV, CFF is speaking to the Connecticut Chapter of the American Academy of Matrimonial Lawyers (AAML) on May 2, 2022. Her session covers The Double Dip…Debate. She also addresses the topic of personal vs. enterprise goodwill: Does Personal/Enterprise Goodwill Factor into the Analysis?
Here is a brief description of this presentation:
Particularly when the marital estate includes a business asset, subject to a valuation, the topic of double counting must be considered. Is the same income stream which is creating a valued asset on the marital balance sheet also being used for income determination for support? Or, has compensation and business earnings properly been allocated to the asset and to the income? Further, what if there is a carve out to personal goodwill – how, if at all, does this impact the asset division as well as the income basis for support?
Karolina, Vice President at Mercer Capital and senior member of the Litigation Group, has been involved with hundreds of valuation and litigation support engagements in a diverse range of industries on local, national and international levels. Prior to joining Mercer Capital, Karolina was a Senior Auditor at EY (Ernst & Young) in their Audit and Assurance Services practice.
Karolina served as the 2020 and the 2021 Valuation Chair of the AICPA’s Forensic and Valuation Services Conference and is a member of the AICPA’s CFF Exam Writing Task Force. In 2018, she received the Forensic and Valuation Services (FVS) Standing Ovation award, presented by the AICPA to professionals for significant contributions in their specialty areas and in their communities. Karolina served as the President of the Memphis Chapter of TSCPAs (2019-2020). In February 2022, Karolina was invited and admitted to the American Academy of Matrimonial Lawyers (AAML) Foundation, Forensic & Business Valuation Division. In addition, she has been appointed to the AICPA Business Valuations Committee for the 2022-2023 volunteer service year. Her term begins in May 2022.
The American Academy of Matrimonial Lawyers Foundation was created in 1990 by Fellows of the American Academy of Matrimonial Lawyers. The American Academy of Matrimonial Lawyers is composed of more than 1,600 of the nation’s top divorce lawyers who devote their practices to the field of matrimonial law. The purpose of the American Academy of Matrimonial Lawyers is to encourage the study, improve the practice, elevate the standards and advance the cause of matrimonial law with the goal of protecting the welfare of family and society. The Foundation works as a charitable organization to advance the Academy’s overall goals. The Foundation is a 501(c)(3) not-for-profit organization.