Many business owners fail to exit plan as they are so busy working in their business they forget to work on their business. Some of the common reasons for failure to plan for a successful exit are as
follows: [Read more…]
Common Reasons Business Owners Fail to Exit Plan
03/02/2019 Posted By
What Is Identity Theft? (video)
02/24/2019 Posted By
Do you know the common ways identities are stolen and how you can best protect yourself? . Watch the latest animated video from the ACFE. All data is sourced from the 2018 and 2016 editions of the ACFE Report to the Nations on Occupational Fraud and Abuse, the ACFE’s global fraud study. [Read more…]
IRS Says Beware of Tax Scams (video)
02/08/2019 Posted By
Thousands of people have lost millions of dollars and their personal information to tax scams. Scammers use the regular mail, telephone, or email to set up individuals, businesses, payroll and tax professionals. [Read more…]
Impostor Fraud Is On the Rise
01/26/2019 Posted By
Impostor Fraud is Increasing in the United States . According to an FBI report from October 2013- May 2018 there were 41,158 U.S. Businesses that loss an estimated $2.9 billion to this type of fraud. [Read more…]
The Rise and Fall of an Embezzlement Scheme (video)
01/25/2019 Posted By
After the reinsurance company Nathan Mueller worked for was purchased by ING for $6 billion, he played a key role in transitioning its operations onto ING’s enterprise resource planning system. He began embezzling money to pay off personal debt and fund a passion for gambling. What started as a $1,100 check to a credit card, spiraled into an $8.5 million fraud over the next four years. It was only a co-worker’s suspicions that brought the fraud to an end. After being caught, he pleaded guilty and was sentenced to 97 months in federal prison. He was released in September of 2014. In this video, Nathan describes the details of his embezzlement scheme. [Read more…]
Business Succession Planning Errors to Avoid
12/18/2018 Posted By
Business succession planning requires careful considerations by business owners as leadership changes effect the entire business including employee retention, customer relationships, and products or services offered by the company. Avoiding the following common succession planning errors will help business owners achieve a successful leadership transition: [Read more…]
What Does Fraud Mean To You? (video)
11/26/2018 Posted By
You may not think about it every day, but fraud affects your life more than you may realize. Learn how to protect yourself in the latest video from the ACFE. [Read more…]
Business Practices to Prevent Fraud in Small to Medium Legal Practices
11/19/2018 Posted By
The best defense against business fraud is for the attorney or attorneys to be involved in the business aspects of their legal practice. The goal here is to implement strong internal controls to accurately record income and expenses and to to safeguard business assets. [Read more…]
Commercial Damages and Unjust Enrichment
08/09/2018 Posted By
Financial experts in commercial damages normally calculate damage remedies that focus on a plaintiff’s loss that is calculated either as lost profits or loss business value. While unjust enrichment is a damage remedy that focuses on the defendant’s benefit or gain. [Read more…]
The Benefit of Using a Forensic Accountant in Divorce Cases
08/02/2018 Posted By
One of the primary objectives in a divorce is the division of marital property , which includes all
assets and liabilities accumulated during a marriage. An experienced divorce attorney can help with property division however, when it comes to complicated financial assets a forensic accountant can be invaluable in assisting an attorney with a complex financial situation. [Read more…]