What, no distributions, again?

  #Family Business Disputes © 2016 James F. Hart, Lightfoot Group, LLC One of the more contentious issues I’ve faced in my work with family businesses involves distributions made by family businesses to passive owners, or if applicable, the lack thereof.  As used here, these are periodic payments to family member-owners who don’t work in …

Finding Business Solutions to Family Business Disputes

Business disputes are challenging enough without the added pressure and tension associated with family dynamics. When we are involved in these matters, we often hear comments and advice about “not rocking the boat” or “don’t get this person or that person upset.” Yet, at the end of the day, for many matters that are resolvable …

AICPA’s CFF Credential

The American Institute of CPAs describes its Certified in Financial Forensics (CFF) credential  for CPAs as: Your Best Choice For Forensic Accounting Services. The advantages of a CPA who has earned the Certified in Financial Forensics (CFF) credential are that this professional has: • Completed a rigorous certification process developed by the AICPA• Demonstrated competence …

Traits of Good Forensic Accountants

The AICPA’s white paper, “Characteristics and Skills of the Forensic Accountant,” identifies the core skills and characteristics that effective forensic accountants should possess as:  analytical, detail-oriented  and ethical.  Collectively, the attorneys, CPAs and accounting professors surveyed ranked being analytical as the most important characteristic, while attorneys separately ranked effective oral communication as the most important skill, followed by …