Save Your Data, Save Your Business

Feb 23, 2017

Data is an extremely valuable asset in any industry. It gives organizations the ability to analyze market trends, create financial forecasts, and plan for the future. It’s so crucial to running a successful business that regularly saving their file ...

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Forecasts vs. Projections: What's the Difference?

Feb 22, 2017

Valuations are often based on management’s estimates of expected cash flow. Even when a valuation expert or the company’s CPA prepares the estimate, the basis is typically management’s representations about the company’s futur ...

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Cybersecurity: Is Your Business Prepared?

Feb 20, 2017

In light of recent warnings from the IRS about the significant increase of “phishing scams” and other cyberattacks, it is incumbent upon all businesses, large and small, to take a serious look at cybersecurity. While such threats may incr ...

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Avoiding Pitfalls When Estimating Lost Profits

Feb 15, 2017

When calculating lost profits in commercial litigation, it’s critical to understand how costs are treated in the relevant jurisdiction. In general, avoided variable costs should be deducted from lost revenue to arrive at lost profits. But the t ...

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January 2016 Highlights: ASUs (Proposed and Issued), Relevant Effective Dates, and New Revenue Recognition Standard (ASC 606).

Feb 14, 2017

What’s new this month? The new year is off to a strong start with the FASB issuing four Accounting Standard Updates (ASU). By comparison in January 2016, the FASB issued one ASU. With 2016 toting a five-year record of 20 ASUs, we are sure to ex ...

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Condominium Associations Fail to Protect Owners from Fraud

Feb 14, 2017

As we reported last year, an article featured in the Miami Herald, stated that “in 2015, Miami-Dade recorded the highest number of complaints of irregularities and fraud in the administration of condos of any county in Florida.” That arti ...

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Know the differences between fair market value and fair value

Feb 8, 2017

The terms “fair value” and “fair market value” are sometimes used interchangeably. To a business valuation professional, however, they have very different meanings. Adding to the confusion, “fair value” may be stat ...

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4 Different Ways You Can Use SharePoint

Feb 7, 2017

If you read about the different functions of SharePoint, you might actually end up with more questions than answers. And that’s because most people assume it’s one solution. In reality, it’s actually a platform that offers dozens of ...

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President Trump Issues Order to Rollback Dodd-Frank

Feb 7, 2017

In a move that many are calling “the stuff of banker’s dreams,” Gary Cohn, White House Economic Council director, said the White House intends to “rollback” the regulations imposed on the financial industry under the Dod ...

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A Warning About the Latest Tax Scam

Feb 3, 2017

Tax season is already well underway, which means it’s time for tax preparers and tax payers to begin gathering up all of their information and start planning to file their returns. It also means it’s time to be aware of new and ongoing ta ...

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