At first glance, something like payroll fraud may seem insignificant and limited in scope. When it comes to employee theft, most small business owners think about little things like stealing from the supply room to get a few extra pens and post-it pads. The reality, however, is that payroll fraud….
A business valuation is the process used to evaluate the economic value of the owner’s interest in their business. While many business owners only receive a valuation when absolutely needed, it can be very beneficial to be proactive with business valuations, especially when planning for the future. Here are the….
Unfortunately, fraudulent activity among businesses has experience a steady increase in the past few years. With the increasing power and connectivity of the internet, it seems to be easier than ever to experience fraud. The Global Fraud and Identity Report from 2018 reported that 33% of businesses experienced more fraud….
Small businesses today must be extremely mindful about their cash position. If the last several months have taught us anything, it is has reminded us that the state of the economy can change quickly. While no one could have predicted the coronavirus pandemic, small businesses who have a strong handle….
Surviving the coronavirus is the theme of 2020 so far. From big corporations to small business, it seems like nearly every industry is getting hit, and hit hard. The thought of profiting during COVID-19 is unthinkable to many, but there are inevitably organizations that benefit from a pandemic. Who are….
From layoffs to furloughs and from temporary closings to permanent shutdowns, COVID-19 has impacted virtually every single industry under the sun. It’s no secret that economic growth worldwide has plunged significantly. In the United States, business owners have had to pull rabbits out of their hats left and right in….
Lost profits refer to any economic damages that are the result of some type of business disruption. These damages are estimates that are determined by a range of factors, including things like breach of contract, negligent acts, patent infringement, physical damage to business equipment or property, and liability brought about….
COVID-19 has made a major dent in the global economy and the long-term business fallout is inevitable. For many small businesses, the coronavirus means they must close their doors entirely, even if temporarily. For others, it means scaling back significantly and making unfortunate cuts to salaries, workforce, and more. Owners….
While the world grapples with the coronavirus outbreak, Ellrich, Neal, Smith & Stohlman, P.A. is steadfast in banding together to make sure that we are handling things to the best of our ability. From our internal team to our valued clients, we are taking every measure possible to maintain a….
The coronavirus outbreak has made a major impact on the stock market. Experts have pointed to fears that the market will remain struggling for some time, even after the virus is properly contained. So, how does this impact valuations and IPOs today, tomorrow, and even months from now? First and….