Introduction to the New Credit Cards

Changes for businesses in the works Credit card issuers are continuing to roll out new cards designed to deter identity (ID) theft. That is good news for consumers who might otherwise be victimized by thieves stealing their personal information. However, the responsibility for losses resulting from ID theft has also shifted, resulting in changes for
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Can You Prevent Identity Theft?

Several of our clients have received a letter from the IRS validating the amount of the refund they are to receive when they haven’t even filed their return.  Worse yet, when they file their return electronically, the return is rejected because another return has already been filed using their social security number. No matter where
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Analyzing Income or Cash Flow in Spousal Divorce

In my previous blog, posted in April, I discussed who hires a forensic accountant in spousal divorce and offered broad categories of what the forensic accountant might be hired to do: analyze income or cash flow, trace separate property, uncover and quantify previously undisclosed assets, summarize money spent on extramarital affair(s), or analyze tax consequences
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Forensic Accountants Role in Spousal Divorce

In my most recent blog, posted March 30, 2015, I wrote generally about how forensic analysis is a powerful tool for providing insight into complex personal or business financial situations.  By clarifying and summarizing historical financial events, a forensic accountant’s work affords a person knowledge leading to strength of position and peace of mind. One
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When Do I Need a Forensic Accountant?

In my November 7, 2014 blog, I wrote broadly about the role of a forensic accountant in analyzing, clarifying, and summarizing complex financial situations.  As a reminder, forensic accountants are frequently contracted as experts in litigation or as financial consultants in contentious circumstances, namely spousal divorces or business transactions. In many instances, personal and small
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The Profile of a Fraudster

The ACFE’s 2014 Report to the Nation on Occupational Fraud and Abuse analyzed 1,483 fraud cases and determined the following of the person committing the fraud: 42% were staff-level; 36% were mid-level managers 55% worked alone in committing their scheme 52% were between the ages of 31 and 45 47% had worked for the organization
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Why Do I Need a Forensic Accountant?

Disentangling finances is frequently difficult, whether it is between: spouses (in divorce) or business partners (in disputes) Forensic accountants are in the business of identifying the problem, digging through the details, and clarifying the issues, thereby reducing the stress for all parties.  If need be, a forensic accountant can succinctly present evidence in court to
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Forensic Accountant’s Role in a Divorce

Forensic accountants can be very helpful and are oftentimes an important component of a divorce litigation team.  We uncover unreported income and assets, value closely-held businesses, prove claims of separate property, and provide guidance on tax consequences for the divorcing parties. Does your tax return report investment income from an account at a financial institution
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