CPAs Who Testify: Do You Have What It Takes? Part 2

Answering Counsel’s Question’s When you are asked a question by your side’s counsel don’t blurt out your answer before the conclusion of the question. The jury needs to know that you have given some serious thought to what is being said. Even though you went over your responses with your side’s counsel previously.  On the …

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CPAs Who Testify: Do You Have What It Takes? Part 1

Was there a time when you had to testify in court about a civil litigation matter regarding the company you worked for, or on behalf of one of your clients? Do you remember how it felt? Did your hands start to sweat? Did your heart start pounding when the opposing attorney started asking his or …

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Common 403(b) Plan Mistakes

The IRS issued the following listing of recurring mistakes noted in 403(b) plan audits: 1. Failure to be a qualified employer – Only public schools and certain tax-exempt charitable organizations qualify. 2. Failure to properly apply universal availability –This occurs when eligible employees are excluded from participation. 3. Failure to limit employee elective deferrals – The general limit …

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Choosing A Forensic CPA

The American Institute of Certified Public Accountants defines forensic accounting as “(T)he ability to identify, collect, analyze, and interpret financial and accounting data and information; apply the relevant data and information to a legal dispute or issue; and render an opinion.” (1) CPAs are often hired by clients and attorneys to conduct forensic accounting procedures …

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