Number of AZ real estate appraisers could decrease

The number of Arizona real estate appraisers could decrease at a rate of 3% per year over the next decade. According to the Appraisal Institute, the pool of real estate appraisers in the United States is shrinking and aging. Sixty-two percent of appraisers are 51 and older while 24% are between 36 and 50. Only …

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When Does Computer Fraud Occur?

Most information in organizations is now created, managed, and stored electronically, which has caused an increase in the rate of computer-related criminal activity. There are four situations in which a computer device may be involved in a crime: when the computer is (1) the target of the crime, (2) the medium through which the crime …

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Tax Season: Overheard in the Hallways

So as another tax season comes to an end, I am going to share some memories of conversations overheard in the hallway, just as I was walking by. Obviously, these are just snippets of conversations, but show how patient we try to be with our clients. “No, you cannot just put the same numbers on …

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Agriculture accounting: inventory and asset classification

Agriculture is a big part of Arizona’s past, present and future. From crops to livestock, there are many farming and ranching companies within the state. One question that may come about when running a company involving agriculture, or farm, is what to do with your crops, animals and other products. Do you make these your …

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Vacancy rate for greater Phoenix industrial market decreases in 2015

Fourth quarter 2015 stats bode well for industrial properties in Greater Phoenix Absorption 1.4 million square feet of space was absorbed in the fourth quarter of 2015 (Q4) which impressively was the 23rd consecutive quarter of positive absorption in the Greater Phoenix industrial market.  Net positive absorption for industrial space in 2015 was almost 8.5 …

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Can You Limit ERISA/Pension Fund Withdrawal Liability?

It’s no secret that pension plans around the country are in trouble. The financial crisis of recent years has not only affected the value of securities and other investments, but has contributed to the failure of key businesses, and has caused many pension plans to become underfunded. What may come as a surprise to contributing …

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Applying Useful Lives to Fixed Assets

Selecting useful lives to depreciate fixed assets over can be a difficult task. It is hard to predict how long an asset will last or how long it will be before it becomes obsolete. The answer to this question first depends on the type of asset. A computer, for example, can become obsolete well before …

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The Basics of the Statement of Cash Flows

In our last blog posting, we covered certain non-recurring items that the Emerging Issues Task Force is looking at related to Statement of Cash Flows presentation. Let’s step it back a bit and go over the basics of the Statement of Cash Flows. Who – Financial statement preparers. What – The Statement of Cash Flows …

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The Fraud Triangle

In order for fraud to occur, there normally needs to be three conditions present: a pressure, an opportunity and a rationalization. This is known as the fraud triangle. The first side of the fraud triangle is pressure. Pressure can take many forms, and the pressures that motivate employee fraud differ from those that motivate management …

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The amazing court reporters

I have testified at dozens of depositions and always had a court reporter present to transcribe my testimony. In my earlier days of testifying in a courtroom, a court reporter was always present. Today, court reporters in the courtroom are a rare sight. The courtrooms in Maricopa County Arizona Superior Court, for example, generally use …

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