Blog
Navigating Tax Filing: How to Avoid the Pitfalls and Stay in the Clear
Ever wondered about the consequences of neglecting your tax filings? Contrary to Hollywood portrayals, it's not necessarily a direct route to a prison cell, but the repercussions can be significant, depending on your tax situation. The IRS places immense importance...
Preventing Fraud Losses Across Multiple Business Locations
If you operate your business in multiple locations (as with retail or restaurant chains), you face some extraordinary fraud-prevention challenges. After all, you can’t be everywhere at once. And the more locations you operate, the harder they are to monitor....
Ready, set, value!
When the parties know what to expect at each phase of a business valuation project, it makes the process easier for everyone. This awareness promotes collaboration and timeliness, as well as minimizes potential surprises, misunderstandings and rework. Here’s the...
Timing Counts When Valuing a Business
In today’s uncertain markets, the value of a business may change significantly over time. So it’s important to choose the business valuation date carefully. Often, the date is prescribed by law or a judge. But sometimes attorneys or others, such as the executor in...
No Question: Management Interviews are a Critical Part of the Business Valuation Process
When preparing a business valuation, quantitative data — from tax returns, financial statements, contracts and other sources — is important. But there’s more to a company than numbers. Qualitative factors also contribute to a company’s overall value. It isn’t...
True ‘Court Confessions’ of a Financial Expert
There’s a fundamental understanding—or maybe a misunderstanding—of the role of a financial expert in litigation. Sometimes, an attorney or, more likely, a client will not realize that the role of a financial expert is not the same as that of a lawyer. We are there...
Why Forensic Accounting is Important for Restaurants
Among business owners facing the highest fraud risk are restaurant owners, who are often susceptible to asset misappropriation schemes. This is where a forensic accounting expert can play an invaluable role. It involves the application of accounting and...
Potential Roadblocks to Valuing a Business in Divorce Proceedings
Divorce is never easy. But when the marital estate includes a private business interest, matters can become especially complicated. Here are some challenges that may be encountered when divorce proceedings require a business valuation. Data Sharing Because divorce...
How the Pros Use Public Data to Value Private Businesses
Business valuation professionals often use public stock market data to value private businesses — even though there are critical differences between closely held and publicly traded companies. Here’s an overview of how valuators modify their analyses to take...
Got Fraud? Call a Forensic Accountant
Fraud perpetrated by employees, management, vendors or customers can happen to any business. And if it does, it can take years to recover from the financial losses and reputational damage. In some cases — especially those involving small companies that lack the...