Insights

Insights
CJBS

Fixing Our Country’s Economic Problems Requires a Change in Our Tax System

by Larry Goldsmith, C.P.A., J.D., C.F.F.A. The income tax system that we grew up with is suffering from dementia; it forgot that the purpose of taxation is to fairly tax individuals and businesses to support the funding of government services. Today, highly paid tax attorneys are retained to influence Congress to provide loop holes in […]
June 21, 2011
7 MIN READ
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CJBS

Numbersman Admits to Deception

 By: Donald J. Schaffer, CPA/ABV, CVA When I went to apply for the job that Doc Holcomb advertised in the Memphis Press Scimitar, the drug store’s shiny, almost new 1954 Allstate 250 motorcycle was sitting outside.  He was looking for a kid to work behind the soda fountain and also deliver prescriptions for Holcomb’s drug […]
March 3, 2010
4 MIN READ
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CJBS

Sometimes it’s better to receive…

by Larry Goldsmith, C.P.A., J.D., C.F.F.A. Why should your law firm or bank hire me and the CJBS team as your court-appointed receiver? Unlike some receivers who merely seek to profit from the quick liquidation of an operating entity, I strive to realize the business’ true net worth.  I objectively analyze the business and develop […]
November 16, 2009
2 MIN READ
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The Telephone Rings: The Anatomy of a Forensic Accounting Investigation

by Larry Goldsmith, C.P.A., J.D., C.F.F.A It was a dark and stormy afternoon when suddenly I heard the familiar sound of the telephone ringing. No doubt another person seeking forensic assistance where a ‘perceived’ violation of trust has occurred. Notice the emphasis on ‘perceived’; after years of answering these calls I’ve learned that just because […]
September 2, 2009
4 MIN READ
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The IRS Provides Clarification for Ponzi Scheme Victims

By: Larry Goldsmith, J.D., C.P.A., C.F.F.A. The recent revelations about the nefarious activities of Bernie Madoff have once again brought the phrase “Ponzi scheme” back into the news. Madoff was convicted of operating a Ponzi scheme that has been called the largest investor fraud ever committed by a single person, bilking thousands of investors of […]
April 28, 2009
3 MIN READ
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CJBS

Valuation Credential Certification – How many letters are in the alphabet?

By: Donald J. Schaffer, CPA/ABV, CVA I apologize in advance for the numerous acronyms that follow. Unfortunately, they are the only shorthand available for some organizations with rather long names. But what do all these letters that you find strung together after the name of a supposed valuation expert mean? There are many organizations that […]
February 12, 2009
2 MIN READ
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