Certified in Financial Forensics
Areas of experience include commercial litigation involving lost profits, breach of contract, trademark and copyright infringement, product liability, professional malpractice, wrongful death & personal injury, shareholder oppression, franchise agreement, wrongful discharge, bankruptcy, estate administration and divorce.
We are certified public accountants who specialize in forensic accounting and business valuation. We are clearly focused. We have specialized knowledge and experience. We are adept at researching relevant information, defining the essential issues, and developing supporting points.
We have testified at depositions and in various courts; New Jersey Superior Court, New York State Supreme Court, and Federal Courts. We have testified in bench and jury trials.
Our practice is unique because we do not provide traditional accounting, auditing or tax services. We rely on our many years of experience in these areas to understand complex financial transactions, evaluate financial records for impropriety, and detect patterns of fraud, misappropriation, understatement or other wrongdoing.
We pay particular attention to the art of communicating the results of our work in a clear and well documented style. We strive to focus on key issues that make our reports effective. We know how to explain complex issues in a straight-forward sensible way.
We have been engaged by many law firms and different attorneys in the area and are happy to provide references.
Forensic Accounting engagements typically provide these types of services:
- Calculation of economic loss or economic damages
- Rebuttal of economic loss calculations prepared by others
- Investigation of accounting records, verification of calculations
- Identifying patterns of behavior that establish the rights of a party
- Searching for unrecorded income, fraudulent transactions
- Analysis of lifestyle, calculations for equitable distribution
We have had many opportunities to use our investigative and examination skills in a variety of situations to assist attorneys, their clients, and the Courts in our role as forensic accountants. We have broad experience in various legal matters. The following list provides an indication of the many types of litigation that we have been involved in.
- Breach of Contract
- Trademark Infringement
- Copyright Infringement
- Shareholder Oppression
- Environmental Contamination
- Fiduciary Responsibility
- Professional Malpractice
- Franchise Agreement
- Wrongful Discharge
- Fraudulent Transfer
- Product Liability
- Royalty Payments
- Wrongful Death
- Personal Injury
We maintain flexibility in our scheduling in order to meet the demands of our clients, their attorneys, and the Courts. We maintain an extensive library of essential reference materials and make effective use of the Internet for research.
Valuation of privately owned businesses, holding companies, and professional practices requires a specialized knowledge and an understanding of complex mathematical and economic concepts. Professionals like Richard Lane who have acquired and maintain these skills are recognized by professional designations such as CPA/ABV, Certified Public Accountant/Accredited in Business Valuation.
We work closely with clients and their professional advisors to provide business valuation services that are appropriate for the circumstances, at cost effective fees. We are knowledgeable of the requirements of the Internal Revenue Service for the proper documentation to support a valuation conclusion.
We provide business valuation services that comply with the Statement on Standards for Valuation Services of the American Institute of Certified Public Accountants.
Businesses, Professional Practices and Holding Companies are valued for the following purposes:
- Gifts to Heirs
- Claims for Damages
- Corporate Tax Election
- Mergers & Acquisitions
- Shareholder Agreements
- Shareholder Disputes
- Estate Tax
We are proud of our reputation as a cost effective firm. Our fees vary based on the nature of the engagement and level of expertise required. Litigation cases are normally billed on an hourly basis. Business valuation engagements are billed on a fixed fee, or an agreed upon range. Fees do not include out-of-pocket costs, such as for the purchase of proprietary data.