In divorce cases, forensic accountants can use the “net worth method of proof” to calculate income. This is used to search for hidden or unreported income. Rather than simply taking a spouse’s word for it that his or her income […]

Closely-held businesses often create problems in divorces, as they need to be valued for the property division and the income needs to be evaluated for support purposes. It can be difficult to examine the income of a business that transacts […]

In the below video, Tracy Coenen talks about three common methods that are used to calculate lost profits in commercial litigation: the before and after approach, the yardstick approach, and hypothetical profits. In general, these methods are aimed at determining […]

When the Internal Revenue Services suspects that a taxpayer has unreported income, the agents can use one of several methods to uncover that income. These methods can also be used to help calculate hidden income in a divorce or child […]

Farmasi was founded in 1950 and currently sells internationally. The company focuses on skin care and makeup products, but also has hair care, nutrition, and home care products. Farmasi Income Statement Disclosure 2020 Farmasi Income Statement Disclosure 2021 Farmasi Income […]

Colorstreet started in 2017 to offer “dry nail polish strips” as an alternative to fingernail polish. The nail strips are stickers that are applied to fingernails, with the excess length removed with a a nail file. The company later added […]