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Recognized Methods of Proof

October, 2014

Our firm provides litigation support and trial consulting services for a variety of economic crime, civil and commercial matters. In a significant number of those matters, we have relied on one or more of the seven “Methods of Proof” (MPs)

  • South Florida Legal Guide
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The Epidemic of Identity Theft

July, 2014

Lately our office has been investigating matters of embezzlement involving identity theft and identity fraud. With everything that has been reported about embezzlement, it should come as no surprise that in every case the perpetrators were trusted individuals. What is

  • South Florida Legal Guide
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5 Best Tips for QuickBooks

June, 2014

Millions of companies use QuickBooks. It is the most widely used accounting system in the world. Using QuickBooks makes life easier. It is efficient, reliable and helps to best manage finances. Memorizing Transactions: A significant number of transactions occur on

  • Foodman CPA's & Advisors
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The End of Bank Secrecy for U.S. Taxpayers

June, 2014

You may not realize it, but bank secrecy as we’ve known it is dead. Seventy-eight countries have entered into or have agreed to be treated as if they have entered into an automatic account reporting agreement (IGA) with the U.S.

  • Foodman CPA's & Advisors

The Three-Legged Stool

October, 2013

Three weapons currently in the arsenal of our law enforcement authorities form a three-legged stool. They are The Foreign Corrupt Practices Act, the Financial Action Task Force and the Foreign Account Tax Compliance Act. Together, they close previously existing legal

  • South Florida Legal Guide

Non-compliance with FATCA by China would not prevent Asia-wide implementation, say industry officials

Should China decide not to sign on to the U.S. Foreign Account Tax Compliance Act, or FATCA, the rest of Asia would likely still comply with it, said industry officials. Earlier this month, several Asian jurisdictions were named by the U.S. Treasury

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Lack of IRS audits will not shield firms from FATCA consequences, warn officials

Lack of IRS audits will not shield firms from FATCA consequences, warn officials was published by Thomson Reuters on 3/10/12. Financial institutions in Asia should not be lulled into a false sense of security over the fact that the U.S.

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Forensic Accounting – An Art or Science

JUNE 2012

To answer this question one must go back in time and track how Forensic Accounting has evolved over the years. If we go back let’s say to 1990, one must accept the fact that Forensic Accounting was a misunderstood “Art”

  • Compliance Matters
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Building Empowerment by Stopping Trafficking, Inc. ‘B.E.S.T.’

June, 2012

B.E.S.T.™ – Building Empowerment By Stopping Trafficking, Inc., was established in January 2012 to aid victims and pursue and prosecute sex traffickers.  Today, the Miami non-profit organization is changing the world both nationally and internationally. • In 2005, the Department

  • South Florida Legal Guide
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“To Be or Not To Be” – A U.S. Taxpayer

MAY 2012

If general understanding of what constitutes a U.S. Taxpayer under the Internal Revenue Code existed, millions of individuals would not currently be unaware that they may be facing heavy penalties and fines and possible prosecution for not complying with their

  • Compliance Matters
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Believe It : U.S. War on Overseas Tax Evasion is Real

APRIL 2012

If American taxpayers abroad had any doubts about the seriousness of the U.S. government’s war on overseas tax evasion, recent high profile arrests provided indisputable proof. Gone are the days when hiding assets in tax havens like Panama can go

  • Compliance Matters
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IRS Offers Relief to Strapped Taxpayers

MARCH 2012

Some struggling taxpayers (strapped taxpayers) looking for help were given a life preserver from the Internal Revenue Service this month. Just weeks before tax day, the agency announced a significant expansion of “Fresh Start”, its program designed to offer help

  • Compliance Matters