Matrimonial case: Track down cash

A real-life case can provide valuable insights into valuation issues and how to resolve them. Each case requires thoughtful analysis and the creation of a work program designed specifically for the situation at hand. This article was written by a CPA at Cowan,...

CPAs excel in economic loss analysis

An economic loss analysis should be done by an economist, shouldn’t it? Not necessarily. Choosing an economist to conduct economic loss analyses might seem an obvious choice, but there are several reasons why choosing a CPA may make more sense. CPAs often have...

The discovery process: How CPAs can help

During the discovery process, CPAs can play a key role in ensuring that important financial facts are disclosed and all relevant financial documents are obtained. CPAs are skilled in such areas as financial auditing procedures, accounting processes, financial...

CPA objectivity crucial in valuation

As cliché as it may sound, one of the pillars of the accounting profession is integrity. The role of the accountant is so crucial for the successful operations of a business that CPAs have always been looked to with respect for their ability to advise business owners...

Court unravels complex real estate case

On the surface, a recent Tax Court case appears unremarkable, but it involved application of the Internal Revenue Code to a rather unusual set of facts.  In 1962, Adelina Van immigrated to the United States from China, as a single mother with her four children....

How to keep goodwill during a sale

The time has come. You’ve decided to sell your business. You know that a great deal of your business’s value comes from your existing client base. The potential buyer, whoever he may be, may not want your building, your processes or your company name, but...