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For 15 years I had the privilege of serving as a manager in the government.  I managed from small groups of 3 people to over 1,000 employees at one point.  I thought I would share with you the top 5 principles I learned from being both a manager and a leader: 1.        There is a differe nce between a manager and a leader.  A manager manages things and tasks.  A leader leads people.  A leader has to have voluntary followers.  You can make someone a manager, but you can’t make

Part 4:  Can You Be Held Responsible for Your Preparer’s Actions?! Ultimately, the answer is “yes”, YOU are responsible for whatever numbers are put on YOUR tax return.  You have to sign under penalties of perjury that what you have put on your tax return is true and accurate.  Does this mean that your tax preparer can get a free “get out of jail” card?  No.  Preparers can be held civilly and criminally liable for the returns that they prepare.  But, ultimately, it is you as

Caveat Emptor – Buyer Beware – Understanding the Role of the Tax Preparer in Your Taxes Part 1:  The Red Flag So, to give you a little background in to why this subject is so fascinating to me, let me tell you a short story about my first fraud case.  I was a young auditor 20 years ago at the IRS and I was doing a basic Schedule C (small business) audit.  First red flag was the “owner” had another full time job and this Schedule C coincidentally brought his AGI down to the ex

4 Reasons Every Business Owner Needs to Know What Their Company Is Worth As a business owner or manager, one of the most important numbers you should know is what your company is actually worth. Yet many owners operate for years without this crucial piece of information. Whether you're planning a major change or simply want to run your business better, getting a professional valuation can be a game-changer. Here are four key situations where knowing your business's value make

Valuation vs. Appraisal: A Forensic Accountant’s Perspective When it comes to determining the worth of an asset or business, the terms...

The updated Rule 702 sets the standards for expert witness testimony in federal court cases

At Follow The Funds LLC our litigation support services help legal teams cut through financial complexity with precision and confidence....

Matrimonial divorce cases can be among the most emotionally charged and complicated legal battles. One of the critical elements that...

The Importance of Forensic Analysis In the world of finance, uncovering potential fraud or financial discrepancies can be complex and...

The Importance of Forensic Accounting In today's ever-evolving business landscape, protecting your company's assets and ensuring...

Forensic accounting is a crucial tool for businesses in detecting and preventing financial fraud, mismanagement, and other...