Search Results

• 01/18/2022
  Words Matter – Clarify and Define Financial Terms for the Sake of Your Settlement By Noel Capuano, CPA, CFF, CVA, Principal

  As accountants, we are frequently asked to quantify provisions of settlement agreements. Often, this becomes necessary in post-judgment situations, when the memory of the intent of the agreement – at the time it was negotiated – has “faded” and any ambiguity can provide an opportunity for disagreement. In these situations,...

• 11/17/2021
  The Tax Court Ruling Raising Coca-Cola’s Tax Bill to More Than $3 Billion and its Implications for Your Related Party Transactions By Farnaz Amini, Ph.D., Transfer Pricing Lead

  In a not so common outcome, on November 18, 2020 the US Tax Court upheld two Internal Revenue Service (“IRS”) adjustments that increased Coca-Cola Company's (“Coca-Cola”) 2007-2009 taxable income by more than $9 billion and resulting in a tax bill of more than $3 billion. The IRS successfully challenged Coca-Cola’s...

• 09/07/2021
  COVID Disruptions Introduce Questions of Valuation and Long-Term Economic ImpactBy Randall M. Paulikens, CPA, ABV, CFF, CITP, Partner

  All of us – as family members, business owners, employees and employers, and buyers and sellers – know what has taken place over the last 18 months. COVID is nowhere near done with us – actually, there is no credible consensus when it will end. Thus, rather than focusing on...

• 05/04/2021
  Mergers and Acquisitions Due Diligence During a PandemicBy Harry Steinmetz, CPA, CFE, Partner and Daniel Pannone, CPA, CFE, Senior Manager

  Background When mergers and acquisitions transactions stalled one year ago, at the beginning of the COVID-19 pandemic, no one could have predicted the robust recovery in deal volume that would begin in the second half of 2020 and extend into 2021. The general consensus was that the economic collapse fueled by...

• 02/15/2021
  Collateralized Loan Obligations: Continuing Distress Will Likely Spur Litigation Activity

  The Collateralized Loan Obligation (“CLO”) market appears to be heading for turmoil. Prior to the COVID-19 pandemic, concerns about the performance of CLOs were already on the rise. The pandemic has applied increased pressure on these securities, resulting in even greater scrutiny of the previously identified underlying weaknesses. The negative economic effect of the...

• 06/24/2020
  Uncovering Cryptocurrency Investments during DivorceBy Susan Miano, CPA, ABV, CFF, Partner, Danielle Bellomo, CPA/ABV, FLVS Manager.

  “Cryptocurrency” has become a part of our vocabulary and plays an increasingly important role in our economy year after year. In 2020, the asset class is still considered relatively new and the term is often misunderstood. In this article, we hope to offer clarity by presenting some basic crypto facts,...

• 11/14/2019
  Mitigate the Risk of Employee FraudBy Harry Steinmetz, CPA, CFE, Partner & Nicole Chen, CPA, CFE, MBA, Manager

  With losses increasingly due to fraud, companies must begin to consider ways in which they can protect against misappropriation of assets. Based on the 2018 Report to the Nations on Occupational Fraud and Abuse published by the Association of Certified Fraud Examiners, organizations lose 5% of their annual revenues to...

• 04/04/2017
  Five Tips to Choosing a Financial Expert By Danielle C. Bellomo, CPA/ABV

  Choosing the right financial expert can be the most important decision an attorney makes. A financial expert can have a significant impact on a case and could potentially determine settlement or trial outcomes.  When it comes to selecting an expert, the attorney must evaluate the competence and experience of the...

• 01/12/2017
  How Can Your Expert Maintain Credibility in the Face of an Error?By Michael A. Saccomanno, CPA/ABV/CFF, CVA, CDFA

  It’s no secret that to properly help you and your clients win your cases, the experts you hire must be credible. An expert’s credibility is based upon many factors, including how honestly they react when confronted with their own errors. An expert’s reaction to their error will determine whether or...