Conducting a Business Valuation Before Purchasing or Sale of a Business

Understanding the intricacies of business valuation is critical when buying or selling a business. Read this article to learn more. What Is a Business Valuation? A business valuation is the process of determining the economic value of a business or company. It’s typically conducted by an independent third-party professional appraiser….

How Should I Prepare My Finances for Divorce?

Divorce. It’s a topic no one likes to talk about. But that doesn’t change the fact that it is reality for hundreds of thousands of Americans each year. In fact, the U.S. reported over 600,000 divorces in 2020 alone. When divorce is on the table, especially for high net-worth individuals,….

Inside the FTX Crypto Scandal

On November 7th, Sam Bankman-Fried had an estimated $16 billion fortune, largely invested in cryptocurrencies. By the end of the week, that fortune was gone. According to Bloomberg, it was one of “history’s greatest-ever destructions of wealth.” It occurred alongside the collapse of his crypto exchange, FTX, an event that….

7 Key Factors Used to Value a Business

While it may seem like a simple game of numbers, business valuation is actually a complex process. Determining a company’s value depends on a number of different factors: some obvious and some less straightforward. Beyond that, the approach to business valuation can change depending on who is carrying out the….

W. David Ellrich, Founder of Leading Forensic Accounting Firm, Retires

Ellrich, Neal, Smith & Stohlman, P.A., one of the leading forensic accounting firms in South Florida, announced the recent retirement of its leader, W. David “Dave” Ellrich, CPA, CFE, CVA, ABV, MAFF, ASA, CFF. Dave helped shaped the litigation and forensic accounting industry as trailblazer in the 1980’s, cultivating a….

Forensic Accounting v. Tax Accounting

In general, accounting is a system of recording and summarizing the financial transactions of business entities. As the “language of business,” accounting quantifies a business or organization’s economic activities and shares the information with stakeholders. There are many fields which fall under the umbrella term of accounting, including tax accounting,….