ADV
Showing 145–160 of 384 results
-
Knowing when to consider subsequent events in business valuations
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 390
Abstract: The value of a business interest is valid as of the “effective” date. This is a critical cutoff point, because events that occur after that date generally aren’t taken into account. This article discusses exceptions to the general rule based on whether information is foreseeable or provides an indication of fair market value. Estate of Noble v. Commissioner, T.C. Memo 2005-2 (2005) Estate of Jung v. Commissioner, 101 T.C. 312 (1993)
-
Are settlement proceeds taxable?
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 580
Abstract: The federal tax code specifically excludes damages received for personal physical injuries or physical illness from taxable gross income. But sometimes it’s hard to determine the nature of settlement proceeds. This article summarizes a recent U.S. Tax Court decision that illustrates the importance of using the “right” wording in settlement agreements to minimize unfavorable tax consequences. McKinney v. Commissioner, No. 9512-15, U.S. Tax Ct. (January 5, 2017)
-
’Tis the season for donations – How not-for-profits can detect and prevent common fraud schemes
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 661
Abstract: Charities and other not-for-profit organizations typically receive most of their donations at year end. It’s critical for these organizations to be on the lookout for fraud during the busy season. This article explains the schemes that are most common to not-for-profit organizations and suggests ways they can beef up internal controls to prevent fraud. An incident can ruin an organization’s reputation, so it’s important to have strong internal controls in place to prevent fraud from happening in the first place.
-
What’s it worth? 3 approaches to valuing a business
November / December 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 872
Abstract: Business valuation professionals typically apply three different approaches when valuing a business. This article explains common valuation methods that fall under the cost, market and income approaches. A sidebar highlights the excess earnings method, which draws from both the cost and income approaches.
-
The changing face of identity theft – Thieves use personal data to manufacture synthetic identities
September / October 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 425
Abstract: People have been worried by the prospect of identity theft for decades. This article introduces another type of identity fraud that’s lesser known but potentially riskier: synthetic identity fraud. This article explains how these scams typically work and what’s at stake.
-
Could receivables fraud strike one of your clients?
September / October 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 591
Abstract: Accounts receivable are a popular fraud target because so many transactions are recorded to it. This article describes common receivables scams, as well as various preventive measures and methods of detection.
-
Calculating lost profits for start-ups
September / October 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 650
Abstract: Lost profits estimates are often based off of a company’s historical performance. But the usual methods of calculating these damages may fall short when a start-up is involved. This article explains the alternative methods of assessing lost profits that experts use for companies without an established track record.
-
Cavallaro v. Commissioner – Taxpayers allowed to vet valuations from IRS experts
September / October 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 872
Abstract: It’s critical for taxpayers to be given the chance to evaluate whether assessments made by the IRS are “arbitrary and excessive.” This article summarizes a recent gift tax case that the First Circuit Court of Appeals remanded to the U.S. Tax Court for further proceedings related to the valuation of the taxpayers’ business that the IRS relied on when computing its assessment against them — potentially giving the taxpayer a second chance at offering its own valuation evidence. A sidebar discusses why the appellate court wouldn’t shift the burden of proof to the IRS. Cavallaro v. Commissioner, No. 15-368, 1st Cir., Nov. 18, 2016
-
How FRCP amendments affected e-discovery rulings in 2016
July / August 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 418
Abstract: The Federal Rules of Civil Procedure were amended in December 2015. This article summarizes a recent study about the effects these amendments had on cases involving the discovery of electronically stored information in 2016. This information can help anticipate pretrial challenges and how courts might handle them.
-
Fight fraud with these common managerial accounting tools
July / August 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 570
Abstract: When thinking about the ways financial experts can uncover fraud, data analysis and other forensic accounting techniques may come to mind. But this article focuses on how qualified experts also use everyday managerial accounting practices — including budgets, variances and contribution margins — to ferret out fraud.
-
It’s all about value – Fortify shareholders’ agreements with these 4 valuation details
July / August 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 681
Abstract: Shareholders with the forethought to sign buy-sell agreements help facilitate voluntary and involuntary transfers between shareholders. But, when it’s time for a buyout, many shareholders discover that their agreements don’t cover all of the necessary details. This article highlights four key issues to consider when drafting or reviewing a buy-sell: definitions of valuation parameters, discounts and premiums, the use of valuation experts, and timing.
-
Valuation takes center stage when business owners divorce
July / August 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 831
Abstract: Splitting up a marital estate can be a long, complicated process. This article discusses questions about valuation that business owners typically have during the divorce process — and how valuation experts can help simplify matters. A sidebar looks at one case that illustrates the importance of obtaining a valuation conducted by such an expert. Lacoste v. Lacoste, No. 2014-CA-01724-COA, Miss. App., July 19, 2016
-
Spotlight on divorce – 3 critical issues to consider before valuing a professional practice
May / June 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 448
Abstract: In divorce cases, the value of a spouse’s professional practice — such as a medical practice or law, architectural or engineering firm — can affect rulings regarding marital property distribution, alimony and child support. This article explains three important details to resolve before calculating value: the appropriate standard of value, valuation date and treatment of goodwill.
-
Understanding financial misstatement – The least common type of fraud can also be the costliest
May / June 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 693
Abstract: When a dishonest CFO or controller cooks the books, it can be devastating for the victim organization. This article provides surprising statistics on financial statement fraud from the latest ACFE Report to the Nations on Occupational Fraud and Abuse and explains the importance of creating awareness about and reducing the motive to commit this type of occupational fraud.
-
Expert report fends off Daubert attacks
May / June 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 603
Abstract: From divorces to business disputes, the linchpin in all types of litigation often turns out to be expert testimony. But, before they’re able to testify, many expert opinions must first survive a Daubert challenge. This article summarizes a recent federal district court case that demonstrates how a detailed written report can be the deciding factor in persuading the court to admit an expert’s opinion. MSKP Oak Grove, LLC v. Venuto, U.S. Dist. N.J., No. 10-6465, June 29, 2016
-
Are you ready for e-discovery in the IoT age?
May / June 2017
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 758
Abstract: Today, attorneys face a new frontier in discovery — the so-called “Internet of Things” (IoT). This article discusses the implications for e-discovery as society becomes increasingly connected to the Internet. A sidebar showcases how the IoT has become part of our everyday lives, creating opportunities and risks for clients.