NACVA Massachusetts Chapter Volunteers Financial and Accounting Advisory Services for Back Bay Business Recovery

BOSTON, MA—April 23, 2013—Responding to an appeal from the City of Boston’s Department of Neighborhood Development for resources, advice, and connections to help with the Back Bay’s recovery, the Massachusetts (MA) Chapter of the National Association of Certified Valuators and Analysts (NACVA) announced that chapter members are willing to volunteer financial and accounting advisory services to businesses impacted by the recent explosions in Boston’s Back Bay.

"Rebuilding after this tragedy will be difficult. The affected business owners first have to get a clear understanding of what they need to do to recover. This includes assessing their needs and options for recovering their losses,” stated Les Gosule, CPA, MST, CVA, Dorchester native and Past President of the NACVA MA Chapter.  “Identifying whether or not a loss is claimable, if forensic accounting services may be needed to reconstruct financial statements, sifting through issues of overhead insurance and business interruption policies, dealing with bank loan covenants and financial and tax reporting for loan purposes, understanding whether or not personal injury claims can be filed, determining lost profits, and also if they qualify for state or federal aid—these issues can be overwhelming. We can and want to volunteer to help.”

“Credentialed and experienced business valuation and financial forensics analysts within our chapter are willing to volunteer their time and expertise to work with these businesses and business owners to put the wide array of issues into perspective so they can determine their next steps to rebuilding and recovery,” said David Goodman, MBA, CPA/ABV/CFF, CVA, Winchester resident and current NACVA MA Chapter President.

“Despite this senseless tragedy, we pledge to join the governor, mayor, and Boston’s community, civic, and business leaders to support the recovery efforts,” stated Louis Pereira, MBA, CBI, CBA, ASA, CVA, a NACVA MA Chapter member whose office is in North Andover.

Businesses and business owners seeking support should contact David Goodman at dgoodman@gbj-bestcpa.com.

About the NACVA
Headquartered in Salt Lake City, UT,  the National Association of Certified Valuators and Analysts (NACVA) is a global, professional association that delivers training from the nation’s leading experts in consulting fields such as business valuation, financial litigation forensics, expert witnessing, forensic accounting, risk fraud management, mergers and acquisitions, business and intellectual property damages, fair value, healthcare consulting, and exit strategies. Along with its training and certification programs, NACVA offers a range of support services, reference materials, software, and customized databases to enhance the professional capabilities and capacities of its members. NACVA’s two business valuation credentials, the Certified Valuation Analyst^® (CVA^®) and Accredited Valuation Analyst™ (AVA^®), are the only business valuation designations accredited by the National Commission for Certifying Agencies^® (NCCA^®), the accreditation body of the Institute for Credentialing Excellence™ (ICE™). Effective April 1, 2013, the AVA credential was merged into the CVA.