Business Valuation vs Forensic Accounting

In the original 1963 Pink Panther movie, the largest diamond in the world, named the Pink Panther, is stolen from Princess Dala. Then begins Inspector Jacques Clouseau’s never-ending quest to recover the jewel. In this situation, Princess Dala needs two professionals;...

Business Valuations – Understanding Normalizing Adjustments

In divorce cases, one of the more difficult assets to divide in property division is an ownership interest in a closely held business. A professional business valuation should be obtained to value the subject company for equitable division purposes. A business...

Tax Deductions for Divorce Clients

Tax time is approaching and you may want to make your clients aware of some possible tax deductions related to legal fees. In general, the Internal Revenue Code allows a deduction (within limits) for reasonable and necessary expenses incurred in the production of...

Why All Businesses Should Have a Current Business Valuation

There are many reasons people decide that they want to own a business. Some want the feeling of freedom that comes with taking control of their financial situation. Some want the fulfillment of building something from the ground up. Others want to provide a needed...

Date of Valuation

In the iconic movie, Back to the Future released in 1985, Michael Fox, Christopher Lloyd, and a modified DeLorean, travel back in time using a time-machine automobile. They were able to affect events in the past using their knowledge of the present. Business valuation...

Goodwill Hunting

The value of a business usually includes Goodwill value. But what is Goodwill? What are the different characterizations of Goodwill? Let’s go Goodwill Hunting. Goodwill The International Glossary of Business Valuation Terms defines Goodwill as “that intangible asset...