Posts Tagged ‘Accountant’
Business Valuation in Divorce
When a couple decides to get a divorce, there are a wide range of financial factors that will come into play while dividing marital assets. Equitable distribution refers to the division of assets and liabilities during the divorce process. All of these financial figures will be based on the fair market value at the time…
Read More19 Reasons You May Need a Forensic Accountant
From finance to business to legal issues, the role of a forensic accountant stretches further than many people realize. Sure, the $360 billion hit the economy takes each year due to corporate fraud gets most of the attention, but the reality is that forensic accounting weaves its way into a plethora of situations. Forensic accountants…
Read More7 Common Mistakes to Avoid This Tax Season
An unfortunate combination of the government shutdown and the usual millions of tax returns needed to be processed has resulted in the Internal Revenue Service (IRS) scrambling to get things back in order. Now that the IRS has reopened, its employees are working diligently to resume their regular operations. On January 28th, the IRS opened…
Read MoreSearching for Hidden Assets in a Divorce Settlement
The division of martial assets is often far more complicated than either party in the divorce estimates it to be. As such, the attorneys involved in the case will typically advise that a valuation expert or forensic accountant get involved in the process. Forensic accounting serves to reveal any hidden income, hidden assets, or assist…
Read More2018’s Most Notable Mergers and Acquisitions So Far
The first half of 2018 saw announcements of over $2.5 trillion in mergers, setting a record stretch of deals. These mergers and acquisitions were largely in the energy and power, media, health care, industrial, financial, and tech space, as competitors of Silicon Valley fought against its continued ruthless pursuit of market domination. M&A activity reached…
Read MoreThe Ins and Outs of an Expert Witness
The role of an expert witness can end up being instrumental during litigation, as legal proceedings often depend upon their technical knowledge or skillset for clarification on the matter at hand. When the facts of a case are rather complex, the court relies on the specialized knowledge of the expert witness. In doing so, the…
Read MoreForensic Accountants and Your Divorce Case
Divorce rates in the United States fluctuate between 40 and 50 percent, ranking it 6th amongst countries with the highest divorce rates in the world. In fact, it is estimated that there is a divorce every 13 seconds in America. When a marriage ends, the separating couple and all of those close to them are…
Read More10 Tax Deductions Disappearing in 2018
Most people are aware that when the tax reform bill came into law (the Tax Jobs and Cuts Act of 2017) a lot of changes were on the horizon. However, many are still largely unaware of the specifics regarding those changes and how they will impact both individuals and corporations. As the tax-related provisions were…
Read MoreRobotic Process Automation and the Future of Accounting
Accountants have relied on calculators for over a century, underlining the important of technology’s role in reducing errors and streamlining financial reporting. So, it’s no surprise that the advancement of technology is trending towards a virtual workforce. As progressive software and robots trickle their way into our daily lives, the reality is setting in that…
Read MoreLitigation and the Role of a Forensic Accountant
Attorneys across the globe turn to forensic accountants and their expertise to assist in their efforts as they navigate their clients’ legal disputes and potential litigation. Often called upon either before litigation or during litigation, forensic accountants are tasked with the role of lending their specialized understanding and knowledge of financial issues as they relate…
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