Articles2021-01-23T08:14:43-05:00

How to Get Back to Work after a Career Break

Have you ever thought about re-launching your career after a break?  Frequently, parents find themselves back in the work force after a career break related to raising a growing family or for any number of reasons.  What is the best way to relaunch a career? Carol Fishman Cohen explores a concept related to internships for employees who have taken a break from their career.  Ms. Cohen has coined the term “Relaunchers” to describe this trend [...]

New Job Description: “Full-Time Peacemaker”

Harvard Law Professor and Collaborative Attorney David A. Hoffman recently lectured on “Lawyers as Peacemakers.”  He now describes his occupation as "full-time peacemaker".  More and more attorneys, forensic accountants, business valuation experts, CPAs and other professionals are embracing this same job description.  Collaborative law, or the practice of peacemaking, is a fast-growing movement with deep historical roots. Abraham Lincoln (as an attorney) once said: “Discourage litigation.  Persuade neighbors to compromise whenever you can.  As a peacemaker the lawyer [...]

Collaborative Divorce in the Golden Years

Is divorce in retirement different than for younger couples? And, if so, how? Three of us, one divorce lawyer and two financial neutrals, sat down one day to talk about the issues involved in the typical gray divorce, marriages in which older spouses (“grey-haired”) are now splitting up. The questions are interesting, to say the least. What are the key financial issues that can arise in a gray divorce? What issues should particularly concern people? [...]

Business Interruption: Attributing Value to Lost Income

Residents of the state of Florida are no strangers to disaster. From hurricanes to wildfires, unforeseen circumstances can lead to a substantial loss of income for a business. The process is simple enough; a disaster happens, an appraiser decides how much damage was done and how much income the business missed out on, and the business’ insurance company pays for the damage. But what happens when the appraiser and business owner do not agree on [...]

New Trends for Florida Divorcing Couples

Divorcing couples in Florida often rely on the services of a forensic accountant to help resolve their hotly debated financial issues.  When spouses are unable to reach financial agreements, Florida’s domestic relations courts have a duty to determine spousal support and divide the marital assets, which often include the valuation of a business.  The forensic accountant provides business valuation services to assist the court with the proper division of assets and liabilities.  Following is an [...]

Florida Retroactive Alimony Modifications

Recently in Florida, there have been major proposal changes by the Senate concerning alimony support payments for divorcing couples.  On February 8, 2013, a bill was introduced which would have amended the current laws in Florida and called for the elimination of permanent alimony awards in the state.  Alimony is typically a monthly payment that is made to provide for the maintenance and support of a spouse after a divorce.  For long-term marriages, alimony payments [...]

Phantom Stock vs. Actual Stock

Attracting and retaining the right people has always been a top concern for small business owners.  They ask: How do we attract the right talent and how do we keep them from becoming a competitor?  Additionally, how do we motivate these people and align them with our objectives of maximizing profits and business value?  Compensation and benefit strategies play a crucial role in this discussion. […]

What to Look For in a Forensic Accountant

The processes used to determine and prove financial damages or proper valuations are often very delicate and highly complicated.  Further, it often takes more than just an accountant to uncover inaccuracies or irregularities in financial data, interpret their impact, and then convince decision makers of such findings.  That is why it is critical to employ someone who is experienced in the handling of these matters prior to litigation at any level. […]

Business Valuation: What’s a Business Really Worth?

Business valuation.  How complex can those two words be?  On the surface it would seem that the science of business valuation involves simply applying a formula to a given set of financial data.  A business worth X is always worth X regardless of how you look at it, right?  Not exactly.  In the litigation arena for example, the same business interest may carry different values depending on the purpose of the valuation, applicable case law, [...]

Alimony Changes in Florida

The Tampa Bay Times reported that on May 1, 2013, Governor Rick Scott vetoed a controversial bill to end permanent alimony related to divorce cases in the state of Florida.  In his veto letter to President Don Gaetz of the Florida Senate, Scott explained that he opposed modification of existing alimony law because it would have caused disruption for families.  Scott also indicated that he opposed this legislation since it would be applied retroactively and [...]

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