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….
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….
While forensic accounting may be considered a fairly new profession in the grand scheme of things, its roots can be found many centuries ago. Today, we think of forensic accounting in terms of glamour and glitz – the high profile divorce, the scandalous business dealings, the shareholder disputes, and so….
The end of a marriage is difficult for everyone. From splitting up a family to splitting up everything else that goes along with shifting from one household to two, things tend to get a bit messy. Divorce experts often say that if both parties involved come out of the dissolution….
Tax season is just a couple of weeks away and that means that it is time for taxpayers to start preparing. The Internal Revenue Service (IRS) has officially announced that come Monday, January 27, 2020, they will be ready to process 2019 tax returns. Tax filers must file by the….
In the United States, a divorce occurs every 13 seconds. Unfortunately, that seemingly shocking statistic likely surprises very few people. When you think about divorce you probably associate it with words like “messy”, “stressful”, and “sad”. But what makes a divorce so messy? Sure, there are loads of emotional aspects….
Budgeting is something that most adults take into account when making financial decisions. From a personal perspective, creating a budget is practical and commonplace. So, should the approach to budgeting differ at all as it relates to a business? How important is a budget to a company’s overall functionality? And….
Entrepreneurs across every industry share a number of character traits that make themselves, and their businesses, successful. From being relentlessly hardworking to maintaining a constant push towards innovation, running a company well requires a specific type of person and a specific set of principles. One of the more surprising and….
From artificial intelligence to robotic process automation to blockchain, technology has seen a greater shift in the last decade than ever before. Big data has trickled its way into nearly every industry in the world and its impact has been profound. Sure, those facets of technology may seem irrelevant to….
Organizations across every industry tend to have an “if it’s not broken, don’t fix it” attitude towards their business processes and workflows. Successful companies, understandably so, are hesitant to rock the boat in creating new methods both internally and externally. Change is difficult in any department – from marketing to….