Determining Reasonable Compensation (Part 2)

By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Industry-Specific Databases The specific databases I have subscribed to for several years are surveys of attorneys, physicians, and accountants. Although some accountants may not obtain these surveys due to their cost, I subscribe because each provides a wealth of information that enables me to more accurately…

Determining Reasonable Compensation

By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA I always inform judges, attorneys and clients that business valuation is not an exact science. Two of those areas that require some subjectivity when valuing a business are the determination of reason- able compensation and the risk associated with the business. The means by which to…

Has Tracing Changed or Remained the Same?

In re the Marriage of Dorothy and Joseph CiprariCourt of Appeal Decision Related to Forensic Accounting Part 1 Dorothy (“DeeDee”) and Joseph (“Joe”) fixed their date of separation as August 13, 2010, the date DeeDee commenced the marital dissolution proceeding. The marriage terminated pursuant to a judgment entered March 18, 2016, which attached the court’s…

In re Marriage of Dawnel and Frank Bonvino Findings Change Precedence in Real Property Apportionment Calculations (Part 1)

Approximately three years after their marriage, Dawnel and Frank Bonvino purchased a family home in Westlake Village with a down payment from husband’s resources and the proceeds from a loan in his name.  The property was purchased in 1996. Title to the home was taken in Frank’s name as sole and separate property.  Approximately 15…