Diversifying your client’s locations is another important step in mitigating risks related to their location. Having multiple locations can provide a cushion against unforeseen events such as natural disasters, economic downturns, or changes in consumer behaviour. However, this strategy...
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By the time computers started turning up in schools a few years later, I was the annoying kid in class who was showing the teachers how to use them and then sitting bored whilst they taught the other kids...
It’s the final quarter of the financial year, and now, the importance of integrating business valuations and appraisals with strategic tax planning becomes particularly significant. This is a crucial period for accountants who aim to leverage every available tool...
It might surprise you that the hourly billing system for law firms did not come into frequent use until the 1940s and 1950s. For consulting professionals, it is even more current than that. However, by the mid-1960s, most accounting...
Most of you are likely aware of the idiom “left holding the bag.” My client, in a bankruptcy case in Arizona, was the one left holding the bag. A group of about six men had been conducting a Ponzi...
In a recent Tax Court case,1 the court allowed a charitable deduction that the IRS had disallowed but then imposed a gross valuation misstatement penalty.2 The case dealt with a charitable contribution of a conservation easement that the IRS disallowed. While...
Experienced testifiers will often have more experience in a courtroom than the attorney(s) with whom they are working. And even some experienced attorneys do not always pay attention to the rules. Some years ago, I found myself in a...
Some years ago, I was very active in valuing medical practices, so much so that I caught the attention of the Department of Justice, which had sued a hospital chain in Florida for Medicare fraud. The hospital chain had...
<p>In a very contentious litigation, I was called to testify as to the reasonable compensation for a receiver. A limestone quarry company had been involved in a family dispute over ownership, and the court had appointed a receiver to...
“Tales From the Trenches” is a new blog series. The intention is to post periodically, hopefully monthly. The purpose is to relate some of the experiences I have had during my more than 45 years of testifying as a...