Posted on December 06, 2023
by
Maxwell Jewell
With the release of Notice 2023-62, the IRS has again delayed the effective date of a SECURE Act 2.0 provision that would have required certain participants in employer-sponsored retirement savings plans age 50 and older to make catch-up contributions to those plans on a Roth basis beginning in 2024. This relief extends the start date […]
Posted on November 10, 2023
by
Daniel Hughes
When my colleagues and I delivered a presentation to the Business Law Section of the Florida Bar about proving and defending claims of lost profits in commercial litigation matters, a Florida Judge asked a thought-provoking question: How many years of financial documents should a Plaintiff seeking economic damages be able to get (2 years, 3 […]
Posted on November 10, 2023
by
Richard Fechter
Victims of crimes, law enforcement and other interested parties often retain forensic accountants to investigate financial crimes. These professionals have specialized multidisciplinary skills necessary to identify financial crimes, analyze the financial transactions constituting the overt acts of these crimes, and provide expert testimony on the methodologies criminals use and the damages victims incur. The critical […]
Posted on November 10, 2023
by
Joel Glick
Tracing is a forensic accounting technique that can be used to determine 1) the identity of the owner(s) of funds held in a specific financial account at a specific point in time and 2) the disposition of specific funds deposited into a financial account (i.e., were the monies spent and, if so, on what; was […]
Posted on November 02, 2023
by
Mark Leaheey
In this episode Associate Director of Tax Services Mark Leaheey explains the basics of research and development credits and who many companies are missing out.
Posted on October 19, 2023
by
Joseph Leocata
In this episode Joseph Leocata shares details about the current state of the IRS, trends in tax controversy and what to do if you receive an IRS notice.
Posted on October 11, 2023
by
Daniel Hughes
On July 1, 2020, Florida adopted the Uniform Commercial Real Estate Receivership Act (UCRERA), establishing comprehensive rules, standards and legal processes for the entire receivership process, from commencement to termination. Generally, the law enhances the court’s authority to appoint receivers to take control, custody and management of property involved in litigation while also expanding receivers’ […]
What comes to mind when you think of money laundering? Perhaps it’s the classic cliché of funneling suitcases of money from illicit activities into legitimate businesses that transact heavily in cash, such as car washes, bars and restaurants, casinos and laundromats? While some instances of money laundering take this form, they often take on more […]
Posted on October 05, 2023
by
Joel Glick
Forensic accountants can be significant assets to attorneys working on various litigation engagements that require specific knowledge of financial reporting, asset valuations and fraud investigations. Following are some examples. Litigation Consulting A forensic accountant can provide counsel in the preliminary stages of litigation with a comprehensive perspective and in-depth overview of estimated damages. This type […]
Posted on September 18, 2023
by
Dylan Stone
Individuals and couples often establish trusts as a component of greater estate planning strategies to shield assets from creditors. However, if a couple decides to divorce, many questions can arise over whether the trusts also shield one party from support obligations and whether the trust assets are subject to equitable distribution. While these questions are […]
