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….
Marriages do not always work out. And when a marriage takes place in the public eye, the ensuing divorce often becomes a spectacle. The public is fascinated by massive divorce settlements of well-known and powerful people. Rumors, cheating, criminal activity, plastic surgery, and money… the most historically lucrative divorce settlements….
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,….
Forensic accounting is an industry understood by few, but with the massive increase in fraud (and divorces) over the last two decades, forensic accountants have gotten busier and busier. The internet has given scammers the tools to commit fraud at a much more rapid rate. Plus, the pandemic has produced….
The Crossing for Cystic Fibrosis is an incredible event where participants embark on an 80 mile journey across the Gulf Stream from Bimini in the Bahamas to the Florida mainland, on paddle boards. This long-distance endurance paddle challenge and international championship race is one of its kind, inspired by the….
The adoption of technology into accounting has had an interesting journey. While some were hesitant at first, it is clear that data analytics and sophisticated technology is imperative for firms and practitioners throughout the country. The reality is the digital tools have transformed the approach to accounting, making firms more….
Tax season is quickly approaching and investors who have made virtual currency transactions need to be prepared to report this activity to the IRS. Like any other transactions, cryptocurrency transaction is taxable by law. As such, taxpayers who have taken the cryptocurrency plunge must report their transactions on their tax….
Performing a business valuation is complicated, to say the least. From varying formulas to varying investor interests, a company’s value is largely dependent on revenue trends, industry and customer concentration, profit margins, EBITDA, personnel, and competitive advantages. But that’s not all that matters. Entrepreneurs must knock their pitch out of….
The pandemic has hit the IRS hard over the last couple of years. From budget cuts to staff shortages, the 2020 and 2021 backlog of returns means that the IRS will face a major uphill battle this tax season. According to the National Taxpayer Advocate’s report to Congress, there are….
With significant rounds of fundraising over the last 10+ years, the market is bracing itself for a massive wave of IPOs. This wave is the result, in part, to the last decade of trillions of venture capital dollars directed to startups. Ernst & Young noted that 2021 gave us the….