Check Withholding to Avoid a Tax Surprise
Video: Making Work Pay – Withholding Calculator
Audio: Making Work Pay – Withholding Calculator
With 2009 nearly half over, the Internal Revenue Service reminds individual taxpayers there is no better time to check their 2009 federal income tax withholding levels to make sure they do not face any surprises when [...]

[Read more →]

The Securities and Exchange Commission filed civil fraud charges against co-owners of Cohmad Securities Corp., a brokerage entity that steered billions of dollars to Bernard L. Madoff Investment Securities and allegedly helped hide the Ponzi scheme from regulators.
The SEC sued Cohmad co-founder Maurice “Sonny” Cohn, his daughter and Cohmad president Marcia Cohn, and executive Robert [...]

[Read more →]

The economic downturn is helping some lawyers who represent wealthy clients in divorces.
While some couples are putting off divorce because they can’t afford it, the situation is different for moneyed clients, the National Law Journal reports. Their assets are worth less, and they figure it’s a good time to divorce because they will have to [...]

[Read more →]

Another major distinction between expert consultants and expert witnesses relates to the legal status of their “work product” (notes, engagement letters, etc.). The work product of an expert consultant engaged by the client’s attorney is privileged (that is, it generally not be disclosed to the opposing side) whereas the work product of an expert witness [...]

[Read more →]

Litigation support services include any professional assistance provided to lawyers in the litigation process.  The primary litigation support services are those of an expert engaged to act as a consultant or witness at trial.  In the litigation support area, the meaning and significance of the following terms should be understood:
1)      Expert: One who is qualified [...]

[Read more →]

Few experiences in a consultant’s professional practice provide the personal challenge and mental stimulation of expert witness testimony.  The expert witness much present complex technical matters in a clear, logical, and concise manner to a small group, with little or no training in economic and accounting issues.  Then, with no time for extensive reflection or [...]

[Read more →]

In the event of an attorney inquiry, it is imperative for the CPA firm to consider its professional liability insurance coverage and requirements. Accountants’ professional liability insurance policies are generally “claims-made policies.” This means a claim must be made and reported during the policy period or any extended reporting period in order for the insurance company to provide coverage for the claim.

[Read more →]

Absenteeism is the term generally used to refer to unscheduled employee absences from the workplace. Many causes of absenteeism are legitimate—personal illness or family issues, for example—but absenteeism can also be traced to factors such as a poor work environment or workers who lack commitment to their jobs. If such absences become excessive, they can [...]

[Read more →]

Who do you go to when you are in deep water?
A great lifeline relationship embraces The Four Mindsets: generosity, vulnerability, candor, and accountability. Generosity means they’re supportive, encouraging, and committed to your success. Vulnerability means they’re able to listen and share on a deep level; this also means they trust you, and you them. Candor [...]

[Read more →]

What is data mining?
Generally, data mining is a process of identifying and extracting hidden patterns from within data. Identifying unusual patterns or behavioral anomalies is the key goal of this process. By analyzing the numbers your business produces, you can see what the normal ups and downs of your business look like on a chart. [...]

[Read more →]