“Who Gets What?” Splitting Assets in Texas Divorces; Part 2: Community Property

In this blog series, we are addressing one of the firsts questions asked in the event of divorce: who gets what? This can be a simple or complex task depending on the specific intricacies involved, and a financial expert can help navigate and provide direction. As discussed in Part 1, in Texas, before property is [...]

2023-08-24T04:26:01-05:00July 1st, 2020|Accounting|

IRS is Revising Form 941

Businesses with employees are familiar with the quarterly filing requirements of Form 941, the payroll return that reports quarterly wages paid and the associated taxes withheld from employees’ paychecks. Employers are required to make timely tax deposits to the IRS based on the information reported on Form 941. The IRS recently released a draft of [...]

2023-08-24T04:26:02-05:00June 23rd, 2020|Accounting|

Forensic Reconstruction of Accounting Books and Records

A&C experts can assist in reconstructing accounting and other business records. Having proper accounting records is crucial to business owners in gaining insight of the true performance of their business. This service is usually beneficial not only to owners and managers of a business but also to attorneys, trustees and their clients. Reconstruction accounting records [...]

2023-08-24T04:26:03-05:00June 22nd, 2020|Accounting|

Electronic Filing of Form 1040-X – Amended U.S. Individual Income Tax Return

A major milestone reached for electronic returns, the Internal Revenue Service announced on May 28, 2020 that taxpayers will be able to file their Form 1040-X, Amended U.S. Individual Income Tax Return electronically later this summer. With about 3 million Forms 1040-X filed by taxpayers each year, currently a completed Form 1040-X must be mailed [...]

2023-08-24T04:26:04-05:00June 19th, 2020|Accounting|

COVID-19 Crisis and Valuation in the Oil and Gas Industry

Before the oil and gas industry in North America fully recovered from the 2014-15 crude oil prices crash, the lockdowns and travel restrictions during the COVID-19 Crisis further damaged the industry in 2020. The benchmark prices of US crude oil May contracts turned negative for the first time on April 20, 2020. The turmoil is [...]

2023-08-24T04:26:05-05:00June 18th, 2020|Accounting|

“Who Gets What” Splitting Assets in Texas Divorces Part 1 Laying the Groundwork

In the event of divorce, one of the first questions asked is: who gets what? Splitting property and assets during divorce can be a simple or complex task depending on a number of factors, such as the length of the marriage, the quantity and value of property accumulated within the marriage, if either spouse owned [...]

2023-08-24T04:26:06-05:00June 17th, 2020|Accounting|

Clients and Family Law Attorneys: Why You Need Us

To family law attorneys: we shoulder the financial and property division aspect of divorce so you can focus your efforts on the legal aspect. To clients: we address the asset and financial side of your divorce and offer a number of tailored services to provide you with peace of mind and answered questions. Navigating the [...]

2023-08-24T04:26:06-05:00June 16th, 2020|Accounting, Business Interruption|

Financial Analysis of Material Transactions

Forensic accountants are professionals who specialize and are skilled in tracing cashflows and examining voluminous financial data to discern patterns of fraud and asset concealment. A&C utilizes financial analysis techniques to examine unexpected relationships in financial information. If the investigation reveals unexpected deviations in relationships, they may  most likely indicate errors, but also might indicate [...]

2023-08-24T04:26:07-05:00June 15th, 2020|Accounting, Business Interruption|

Bank Reconciliations and their Importance

As each day generally has more things on the to-do list than can actually be checked off, bank reconciliations may seem to be an unnecessary chore, especially with the ease of access to online banking activity and the ability to track transactions in real time. However, continuing to push this task down the priority list [...]

2023-08-24T04:26:08-05:00June 12th, 2020|Accounting, Business Interruption|

COVID-19 Impacts on Pre-existing Business Interruption Claims

COVID-19 has disrupted businesses around the world. Business interruption coverage, often a part of a commercial property policy, has many people’s attention.  Communicable disease coverage, civil authority coverage, and contingent business interruption coverage are also among most visited coverages as policyholders try to assess whether their policies provide coverage during these times. Most businesses did [...]

2023-08-24T04:26:08-05:00June 11th, 2020|Accounting, Business Interruption|
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