February 2020 Forensic & Valuation Insight

Newsletter

Dear Clients, Colleagues and Friends,

We hope you find this month’s newsletter informative and insightful.

Josh Shilts, CPA/ABV/CFF/CGMA, CFE

Some of the articles and content we want to make you aware of are

  1. Strafford | Continuing Legal Education – Half Off Faculty Offer – We are pleased to announce that our very own Josh Shilts will be speaking in an upcoming Strafford live webinar, “Divorce Cases: Uncovering Critical Information in Tax Returns and Financial Statements” scheduled for Thursday, April 30, 1:00pm-2:30pm EDT. Because of your affiliation with our Firm, you are eligible to attend this program at half off. Please use the links in this email in order to have the offer reflected automatically in your cart. Our panel will provide family law counsel with strategies to utilize tax returns and financial statements during divorce cases. The panel will focus on appropriate discovery methods to obtain information, explain how to get the most out your analysis of tax returns and financial documents, and outline the best approaches for using financial experts. After our presentations, we will engage in a live question and answer session with participants so we can answer your questions about these important issues directly. I hope you’ll join us.  For more information or to register click here or call 1 (800) 926-7926. Ask for Divorce Cases: Tax Returns and Financial Statements on 4/30/2020 and mention code ZDFCA.
  2. With Construction Boom Comes Cost — Construction Fraud – It seems wherever I look in Northeast Florida these days I see some construction project. New homes in St. Johns County, development in the downtown district, and redevelopment of commercial spaces is commonplace here. Naturally the eternal pessimist in me focused on how much fraud is happening around us. Doesn’t everybody?  Click here to read more.
  3. On Double-dip Issue, Ohio Appeals Court Agrees With Gallo Analysis – A recent Ohio appeals court decision expressly agreed with its sister court’s 2015 ruling in Gallo that state law does not prohibit double dipping but does require the trial court to avoid unfairness in distributing marital assets and determining spousal support. In divorce, the double-dip issue typically arises when…  Click here to read more.
  4. Asset-based Appraisal Unsuitable for Fair Value Determination, Court Says – In a bitter fight between siblings over the buyout of the minority shareholder’s interest in a successful construction business, the trial court found the asset-based valuation the majority shareholder’s expert proposed was fatally flawed for at least two reasons…  Click here to read more.

Any advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.