Statistics say that 80 percent of New Year’s resolutions fail by mid-February. Sure, personal goals can often be the most challenging of any objectives. But what about in the business world? Does the act of creating New Year’s objectives apply to companies? If you’re like the majority of business owners,….
Holiday spending, and overspending, is something that everyone can relate to in one way or another. In the era of e-commerce, the foundation for record-breaking expenditures has been paved with the click of a button. This holiday season, Deloitte predicts holiday sales to exceed $1 trillion from November through January…..
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….
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….
Choosing the right accounting firm can make or break an organization. For small businesses, using accounting software like QuickBooks or Quicken may seem like the logical solution. However, as public and private companies expand, the need for the right accountant or accounting firm becomes indispensable. While every company’s needs are….
Fraud is defined as “any intentional act or omission designed to deceive others, resulting in the victim suffering a loss and/or the perpetrator achieving a gain”, based on a report from the Association of Certified Fraud Examiners (ACFE) entitled Managing the Business Risk of Fraud: A Practical Guide. Every organization,….
There are several important tax return due date changes to note for 2016 tax returns prepared during the 2017 filing season. These changes were part of the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 and the Protecting Americans From Tax Hikes Act. Effective January 1, 2017,….
Why do people wish to sell their business? Some reasons include retirement, boredom, partnership dispute, illness, or death. Whatever the reason may be behind desiring to sell a business, the parties involved should follow certain steps in order to properly sell their business. If followed correctly, the business sale will….
In May, we briefly covered interest rates and their relationship with utility stocks, especially during an economic downturn. Utility stocks are desirable during these downturns because of low interest rates. Lower rates allow utility companies to invest because of the decreased cost of capital. Investing in infrastructure equals growth for….