Divorce Finances

When going through a divorce, people often panic about their finances. Unfortunately, some choose to ignore it or don't know where to start. Divorce can be a challenging and emotional process, and it is important to consider the financial implications of the decision. Here are some financial tips to consider if you are getting divorced: [...]

By | 2023-04-18T13:14:10+00:00 April 18th, 2023|Divorce|

Where Criminals Hide Money and Assets

If you're watching a crime drama, you've probably seen the bad guy hiding money. He may stash his illicit profits in a secret offshore bank account or under the mattress. But in real life, hiding money can be a lot more complicated. Where do people hide money and other assets? Here are some common ways [...]

By | 2023-03-06T07:54:34+00:00 March 6th, 2023|Blog, Divorce, Fraud|

Tips for Going Paperless

Going paperless can be a daunting task, but it is a rewarding one that can help to reduce clutter, save space, and be more environmentally friendly. Here are ten tips for creating a paperless home: Use electronic document management software: Electronic document management software allows you to store, organize, and access electronic documents in a [...]

By | 2023-01-31T15:53:12+00:00 January 31st, 2023|Technology|

Now is a Great Time to Create a Budget

With the start of a new year and the financial stress added by recent holidays and inflation, now is a great time to create a budget. Budgeting is the process of creating a plan for managing your financial resources. It involves estimating your income and expenses and determining how to allocate your money to align [...]

By | 2023-01-04T11:36:52+00:00 January 4th, 2023|Finance|

Finding Financial Statement Fraud

Financial statement fraud is generally defined as the falsification, alteration, or manipulation of material financial records, supporting documents, or business transactions.  It is often perpetrated by the intentional omissions or misrepresentations of events, transactions, accounts, or other significant information from which financial statements are prepared. According to the Association of Certified Fraud Examiners 2020 Report to [...]

By | 2022-05-20T10:21:57+00:00 May 20th, 2022|Fraud|

COVID-19 Challenges and Business Value

Business Challenges Caused by COVID-19 The overall impact caused by COVID-19 is extraordinary.  Many companies have weathered shutdowns and falling customer demand.  Now, many are facing challenges with increases in direct costs (such as labor and materials), indirect costs, and added debt service.  The companies that had strong balance sheets before the pandemic seem to [...]

By | 2022-01-06T12:58:22+00:00 January 5th, 2022|Business, Business Appraisal|

Stopping the Spread of Fake News

Today, “fake news” is everywhere. As a valuation and damage expert, I often use news and collect data from websites when conducting research on industries, and monitoring economic trends. Like you, I am also a consumer of information - whether on TV, websites, or social media. Since fake news seems to be on the minds [...]

By | 2020-09-10T16:27:03+00:00 September 10th, 2020|Technology|

Considerations when Forecasting Revenue

Why is Forecasting important? Where do you want your business to be in 5 - 10 years? Creating an accurate financial forecast for a business is a valuable tool.  Forecasting addresses growth, capacity, and resource needs. Forecasting helps with the achievement of goals / targets, and provides confidence for stakeholders (lenders and shareholders), and should [...]

By | 2019-09-11T14:34:33+00:00 September 12th, 2019|Management|

Finding Hidden Assets from your Spouse – Where to Look?

Hidden Assets - Becoming Creative Hiding assets from a spouse is never a good idea. Such actions will likely have costly results, such as sanctions by the court or added alimony. Depending on the issue(s) and the state where you live, the perpetrator could be arrested or reported to the IRS or other authorities. Despite [...]

By | 2018-11-19T20:15:16+00:00 November 19th, 2018|Divorce|

When are transactions at fair market value?

When determining the fair market value of a business, an appraiser may consider using the private company transaction method. Pricing multiples can be derived from this method, which is based on actual consummated transactions in privately-held stock. Do these transactions represent fair market value? Fair market value (“FMV”) is defined in The International Glossary of [...]

By | 2018-03-11T20:31:39+00:00 March 8th, 2018|Business Appraisal|