While the forensic accounting profession has technically been around since the early 1900s, the evolution of the industry has been drastically transformed in light of progress in the economy, society, and technology. This progression has opened the doors to the massive importance of forensic accounting investigations in all types of….
Florida residents who were victims of Hurricane Irma will now have an extended tax deadline. This week, the Internal Revenue Service (IRS) announced that people in parts of Florida and elsewhere who have suffered during Hurricane Irma will now have until January 31, 2018 to file certain business and individual….
Waste Management, Inc. is a comprehensive waste company that was founded in 1894 in North America by Larry Beck. The company went public in 1971 and by 1972, the company was generating about $82 million in revenue and had made 133 acquisitions. The company offered environmental services to almost 20….
Technology has a way to infiltrating almost everything in today’s modern world. While sometimes frustrating, the truth is that companies who fail maintain a finger on the pulse of technology trends end up losing out in the long-run. The accounting industry, while always remaining true to its roots, inevitably falls….
Introduction The question of how to objectively value personal goodwill in a marital dissolution proceeding is one frequently encountered by business appraisers and attorneys in the State of Florida. Personal goodwill is defined as the portion of a business’ value in excess of tangible net book value that depends upon….
Ellrich, Neal, Smith & Stohlman, P.A. opened our Miami office last summer and we are proud to announce that over the last year we have truly established ourselves in Florida’s most thriving city. Located in the heart of downtown Miami, our forensic accounting firm serves clientele from all walks of….
When beginning a small business, it is very important to think about the different options you have when it comes to choosing the structure of your business. Each of the business entities will provide different legal and tax implications, and it is up to you to choose the structure that….
It’s no secret that forensic accounting has become one of the fastest growing careers over the last several years. As an industry, forensic accounting has seen a burst due to a number of critical elements, underlining the fact that this increase in demand does not seem to be slowing down….
Ethical issues surround almost every aspect of accounting, forensic accounting, and valuation engagement. The American Institute of Certified Public Accountants (AICPA) plays a critical role in outlining the rule-making and standard-setting for which all CPAs must adhere to. In doing so, AICPA commits to serving the public interest through a….
Forensic accountants are required to maintain a specialized skill set of auditing expertise, education, and training. Combining accounting and analytical talents with financial proficiency and a strong moral compass, a forensic accountant plays a critical role in both litigation support and investigations. First and foremost, a forensic accountant must maintain….