Articles - Page 43 of 60 - Foodman CPAs and Advisors

Asset misappropriation – investigating people and money?

November 2016

Forensic accounting has been described as an “art and science” that investigates people and money. Forensic accountants are known for tracing funds (following the money), uncovering hidden assets and educating involved parties as to potential damages. In simple words, a

JD Supra

Claiming Vehicle Expenses… Keep a Record!

November 2016

Recently, a CPA lost his own business automobile deduction case in the U.S. Tax Court. The CPA had deducted business automobile expenses based on calculations from an after the fact MapQuest and not a contemporaneous diary or log. Tax court

JD Supra

Are Cyber Thieves Compromising E-Mail? .. YES!

November 2016

Recently FinCEN issued Advisory (FIN-2016-A003) regarding e-mail compromise schemes that defraud Financial Institutions by deceiving them into conducting wire transfers that result in misappropriated customers funds. The cyber-criminals are “impersonating” victims, and submitting what seem to be legitimate wire transfers

JD Supra

Do you have a FRAUD RISK CHECKUP LIST?

November 2016

Managing fraud risk proactively is imperative in today’s transparent world. It is not only about protecting against financial losses commonly associated with fraud. It is also about surviving reputational risk. An example of reputational risk is the recent Wells Fargo

JD SUPRA

Ready to File your Return and You OWE MONEY!

Ready to File your Return and You OWE MONEY! published by Foodman CPAs & Advisors Taxpayers could unexpectedly owe taxes at the end of the year. If Taxpayers are self-employed, or have other income wherein taxes have not been withheld, they

Not Filed Your Tax Return?

Not Filed Your Tax Return? was published by Foodman CPAs & Advisory. There are various reasons why a Taxpayer might not timely file a Tax Return. If you don’t file on time and you owe money to IRS, you will

What You Need to Know About IRS Outstanding Inactive Tax Receivables

October 2016

Legislation enacted in 12/15 (FAST ACT – Fixing America’s Surface Transportation Act)) required IRS to utilize private debt collection agencies to collect inactive federal tax receivables debts. Starting SPRING 2017, IRS will use private debt collectors to pursue overdue federal

JD Supra

Global Radar’s CEO Commentary on De-Risking 101 Webinar

October

Global Radar’s CEO Commentary on De-Risking 101 Webinar featuring Stanley Foodman https://www.globalradar.com/radar-exclusive-industry-insider-simplifies-de-risking/ De-Risking is defined as a situation where financial institutions terminate or restrict business relationships with certain categories of customer. The concept of “De-Risking” as it pertains to the

Global Radar

De-Risking 101: The Fundamentals of De-Risking by Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA, TEP – CEO of Foodman CPAs & Advisors

September, 2016

De-Risking 101: The Fundamentals of De-Risking by Stanley Foodman, CPA, CFE, CFF, CAMS, CGMA, TEP – CEO of Foodman CPAs & Advisors on You Tube.

Global Radar

If you are an EXPAT or Thinking about Expatriating, Think about this……

9/16/16

If you re an EXPAT or Thinking about Expatriating, Think about this…… was published by the Daily Business Review on 9/16/16.

Daily Business Review

Thomson Reuters Regulatory Intelligence: New Hong Kong onboarding guidelines may not lessen compliance burden

August 2016

Thomson Reuters Regulatory Intelligence: New Hong Kong onboarding guidelines may not lessen compliance burden article written by Ajay Shamdasani. newkyconboardguidewontlessencomp

Thomson Reuters Accelus

Audit Sampling in Forensic Accounting – Could Something be Missed?

September 2016

Audit sampling techniques may permit errors or dishonesty to go undetected. Audit sampling occurs when a review of less than 100% of a population occurs. Determining how the size of a population is used in an audit sample is a