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Resolving or Explaining Valuation Disputes
Through Pop Culture References It often takes more time and skill to explain something simply and shortly and less time to use a lot of words, spreads more ...
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What Changes to the Lease Accounting Standards Means
For Business Valuations Accounting Standards Codification (ASC) Topic 842: Leases is the lease accounting standard published by the Financial Accounti more ...
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Common Pitfalls to Avoid in a 409A Valuation
How to Avoid Them! A 409A valuation refers to a method of determining the value of a company's common stock. In other words, the 409A valuation is a m more ...
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Criteria for Claiming a Worthless Security Income Tax Deduction
A Claim That is Not Just for Corporations Many taxpayers are familiar with the Internal Revenue Code Section 165 worthless stock deduction. Taxpayers more ...
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Fixed Payments May Avoid Unreasonable Compensation at Nonprofits
Internal Revenue Code § 4958 imposes excise taxes on the excessive portion of compensation paid by a non-profit organization. Excise taxes must be pai more ...
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The Role of Forensic Accountants
in Detecting Fraud in Business Interruption Claims (Part II of II) Business interruption claims are generally closely scrutinized by insurance carrier more ...
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The Role of Forensic Accountants
in Detecting Fraud in Business Interruption Claims (Part I of II) Business interruption claims are generally closely scrutinized by insurance carriers more ...
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Decrypting Coinbase Accounts
A Guide for Forensic Analysts As cryptocurrencies become more mainstream, it is vital for forensic analysts to understand and analyze digital currency more ...
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Rationalization and Concealment
Signs of Ethical Deterioration The 21st century has brought not only the worst pandemic in over 100 years, but also an alarming deterioration in ethic more ...
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What Forensic Accountants Should Consider When Analyzing a Business Interruption Insurance Claim
Following a Ransomware Attack As businesses continue to rely on computers and digital storage of important data, cyberattacks are a growing potential more ...
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How to Get Critical Client Feedback
This article builds on the author’s May 11, 2022 “Being Different is More Profitable Than Being Better” article. In this article, the author provides more ...
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Being Different is More Profitable Than Being Better
There are two ways to set ourselves apart from the competition—be different or be better. Being different is more effective, but it takes some effort more ...
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Three Common Ratios I Do Not Like
Alternative Means to Effectively Gauge Business Operations and Assist Owners Three ratios that are widely used have validity because they are either u more ...
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Taking Risks vs. Doing Hard Work
Most of us want big results with our practices. We want to be sought after in our industry and have a line of prospects waiting to become clients. We more ...
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Imagining a World with a (Mostly) GAAP-Based Income Tax
Part II of II This is the second of a two-part article (read Part I) related to the proposed (mostly) GAAP-based income tax in the (perhaps fatally wo more ...
Resolving or Explaining Valuation Disputes
Through Pop Culture References It often takes more time and skill to explain something simply and shortly and less time to use a lot of words, spreadsheets, and technical jargon. Nevertheless, pop cultural references can be used to quickly crystalize issues because many people are familiar with them and their more ...
Legal Update
May 2022 For more than 400 years, the limited liability protection of corporate entities has been perhaps one of the greatest accelerators of economic growth and capital formation in the industrialized world. Despite the benefits, corporations have also been used as vehicles to cheat creditors with bad guys h more ...
The Unimpeachable Rebuttal
Pearls Clutched and Loaded Have you ever read an opposing expert’s rebuttal of your expert report that left you clutching your pearls the rest of the day? With over 2,000 cases under my belt, I have had some true works of fiction written about me and still can be found clutching my proverbial pearls from time more ...
The Role of Forensic Accountants
in Detecting Fraud in Business Interruption Claims (Part II of II) Business interruption claims are generally closely scrutinized by insurance carriers and can range from thousands of dollars, to claims exceeding $100 million. Insurance carriers often seek the assistance of either internal or external forensi more ...
Small Business Valuations
Using Forensic Accounting Valuing the small business is how most valuators earn their living. These small businesses pose as much issues to valuation professionals as they do for tax, accounting, and legal professionals by providing these entities with advice. The issues are wide-ranging, and the purpose of t more ...
2021 Healthcare M&A in Review
Indications for 2022 After an understandable slowdown in 2020, due to the onset of the COVID-19 pandemic, merger and acquisition (M&A) activity in the healthcare industry accelerated in 2021, and the industry is expected to continue the high number of deals and high deal volume in 2022. This article will more ...
Consequences of Appearing as a Witness
At a Deposition or Court Hearing To begin to understand the subject, we must point out that the “Reglas de Evidencia de Puerto Rico” (the Puerto Rico Rules of Evidence) and the Federal Rules of Evidence adopted in the district of Puerto Rico—which is part of the Second Circuit Court of Appeals—allow for exper more ...
How Selling a Business is Like Running a Half Marathon
Getting to the Finish Line is Exhausting In this article, the author analogizes the sale of a business to how one prepares and runs a half marathon. Many business owners may treat an exit as a half marathon, but that is a mistake. Business owners need professional consultants to assist them with their exit pl more ...
How to Get Critical Client Feedback
This article builds on the author’s May 11, 2022 “Being Different is More Profitable Than Being Better” article. In this article, the author provides five questions that my enable one to differentiate oneself from the competition. How do your clients think you’re doing? You don’t know unless you ask. Because more ...
A Primer on Establishing Trusts and its Taxation
Grantor Trust—Living Trusts to Irrevocable Trusts and their Taxation This article provides the general rules which are applicable for many and sometimes almost every situation, but with taxes and legal issues there are very few absolutes and almost everything has exceptions. That is why competent and experien more ...