Edward Giardina, MSA CPA/ABV CVA

Ed holds a Masters in the Science of Accounting from Northeastern University,

Boston, and a Bachelor’s Degree in Mathematics from Boston College. He has been a Certified Public Accountant in the Commonwealth of Massachusetts since 1973 and a Certified Valuation Analyst since 1995.

He has been in professional practice since 1983, providing income and estate tax planning, tax preparation, financial statement reporting and business
valuation services to businesses and individuals. Ed has made presentations to various groups on taxation and business valuation, has authored several articles on taxes and business valuations and has appeared in court as an expert

Ed has extensive experience in valuing businesses. This combines well with his experience as a certified public accountant, his knowledge of federal and state taxation and his experience as an expert witness.

For more information about Ed’s tax services, please visit the web site of Giardina & French, Certified Public Accountants, LLC, which is found at www.giardinafrench.com. Ed’s business valuation services are briefly described below. Please contact Ed to discuss in depth your tax or business valuation needs.

The value of a business at any point in time is equal to the present worth of the future benefits of ownership. It depends not on the historical accomplishments of a business, but on what might be attained by that business in the future.

Value drivers for a business might include a customer list, proprietary products or formulas, an assemblage of equipment and the people with the "know how" to make it work, or one particular asset.

In recent years the process of valuing a business has become greatly refined. More and more data has become available on comparative transactions, discounts, premiums and minimum investment returns. Familiarity with the sources of this data is absolutely essential in today's business valuation environment.

The majority of valuations today are necessitated by relations with third parties, even adverse parties. Casual opinions of value are no longer acceptable in most circumstances. Written reports with extensive documentation and explanation have become the norm for all estate and gift tax matters, employee stock ownership plans, litigation circumstances and more.

Industry Specialties

Auto Dealerships, Real Estate Brokers,Retail / Wholesale / Distribution, Professional Service Firms, Manufacturers, Hospitals, Family Limited Partnerships & LLC’s,Technology Companies

Curriculum Vitae

Edward Giardina holds a Masters in the Science of Accounting from Northeastern University (1970) and a Bachelors Degree in Mathematics from Boston College (1969). He has been in professional practice since 1983, providing income and estate tax planning, tax preparation, financial statement reporting, litigation support and business valuation services to businesses and individuals. He has authored articles on business valuation issues, made presentations to various groups on the nature of business valuation, and has given testimony in
deposition and in court as a qualified expert.

Certificates Held

Certified Public Accountant since 1973
Certified Valuation Analyst since 1995
Accredited in Business Valuation since 1999


American Institute of Certified Public Accountants
Massachusetts Society of Certified Public Accountants
National Association of Certified Valuators and Analysts
Massachusetts Chapter of the National Association of Certified Valuators and Analysts

Committee Positions

Chair, NACVA Ethics Oversight Board; June 2012 to June 2013
Elected member, NACVA Ethics Oversight Board; July 2009 to June 2010
Appointed member, NACVA Ethics Oversight Board; July 2010 to June 2013
President, NACVA Massachusetts Chapter; January 2003 to 2005
Vice-president, NACVA Massachusetts Chapter; January 2001 to 2003
Program Committee for NACVA Massachusetts Chapter; 1998 to Present
Chairman of the Program Committee, 1998 to 2002, 2007 to 2011
Member, NACVA Course Review Committee; 1999 to Present
Co-Chairman, NACVA 2009 Annual Conference

Editorial Positions

The Value Examiner, (editor) a bi-monthly magazine on valuation and official publication Of the NACVA, distributed to all members. July 2008 to July 2012

Insights on Valuation, (contributing editor) a quarterly news letter on valuation available to members of NACVA for distribution to clients and associates. 1999 to current


“Business Valuation in the Current Economy” January 2009 to the Massachusetts Chapter of
NACVA, and May 2009 at the annual NACVA national conference.
“Discount Rates and the Specific Company Risk Premium” January 2007.
“Case Review: Embedded Gains & Pass-Through Entity Valuation” NACVA Massachusetts
Chapter, October 2007
“Update on Valuation of S corporations” NACVA Massachusetts Chapter, January 2003.
“The Market Approach to Valuing Businesses” NACVA Massachusetts Chapter, January 2001.
“Review of the Built In Capital Gains Tax Issue” NACVA Massachusetts Chapter, July 1999.
“Update on Minority Interest Discount/Control Premium” NACVA Massachusetts Chapter,
January 1999
“Review of Rev. Rule 59-60” NACVA Massachusetts Chapter, July 1998.
“Valuation report critiques” NACVA Massachusetts Chapter, April 1998.
“Business Valuation Primer” Paine Webber clients and professionals meeting, August 1996.

Articles Published

Just When You Thought Securities FLP’s Were Dead: Mirowski Beats 2036(a)(2)
Value Examiner, March/April 2010
S versus C - Facts and Circumstances. Shannon Pratt’s Business Valuation Update, May 2003.
The Gross Decision - Where Do We Go From Here. Valuation Strategies, May/June 2002.
The Gross Decision Revisited, Business Valuation Review, December 2000
& Valuation Examiner, September 2001.

Conferences and Seminars Attended

NACVA Business Valuation Conference. 2004, 2007 through 2011.
AICPA Advanced Business Valuation Conference. 1995, 1999 through 2008.
American Society of Appraisers Annual Advanced Business Valuation Conference. 1995
through 2002.
AICPA Certificate of Educational Achievement. 1995.
Accountant’s Education Services Annual Federal Tax Update Seminar. 1994 through 2007.

Prior Expert Testimony

Prestige Imports v. Bank of America
Loss of total business value
Jury Trial, Dedham Superior Court
Testimony: September 23, 2011

Westminster Dodge, Inc. v. (new) Chrysler LLC
Dealer Termination Arbitration
Testimony: June 30, 2010

Dougherty v. Dougherty
MA Probate & Family Court
Suffolk Division: Docket # 94D 1938
Testimony: August 2, 2006

Peter H. Burnham v. Display Corporation of America, Inc. et al
District Court, Clark County, NV Case # A355726, Dept I
Deposition: 8/3/2000

Bay Fishing, Inc. v. Massachusetts Bay Transportation Authority
Superior Court, Suffolk, MA Civil Action No. 98-0223
Depositions: 7/12/2002 and 3/18/2003

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