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So far legalexpert has created 35 blog entries.

Natasha Perssico Escobedo Speaks at Valuation Webinar

Natasha Perssico Escobedo, MBA, CPA, ASA-BV, was proud to be a panelist in a March 23rd webinar on the topic “Valuing Lost Profits for Litigation Purposes,” sponsored by HKA. This webinar – one of five episodes that comprise Financial Poise Webinars’ Valuation 2023 series – summarized how to measure lost profits and detailed other critical elements […]

2023-03-30T10:44:55-04:00March 30th, 2023|

Seeking Truly Global Financial Reporting Standards

For decades, leading standards setters have advocated a single set of global financial reporting standards. After large strides were made in converging U.S. GAAP and IFRS in the first decade of this century, progress seemingly stalled. The authors believe that the nascent movement towards global sustainability reporting standards provides an opportunity and a model for […]

2022-04-21T14:48:49-04:00April 21st, 2022|

Accounting Treatment of State Pass-Through Entity Taxes

The Tax Cuts and Jobs Act (“TCJA”) enacted on December 22, 2017 that became effective for tax years after December 31, 2017 and before January 1, 2026 included a provision that limited the annual federal personal income tax deduction for state and local taxes (“SALT”) to $10,000. The taxes to which this limit applies are […]

2022-04-21T14:36:21-04:00April 21st, 2022|

2019 Continuing Professional Education Courses

CPA firms with accounting and auditing practices are invited to learn about trends affecting the CPA profession by engaging Epstein + Nach to present live, in-firm sessions of three continuing professional education courses offered by Ralph Nach, Dr. Barry Jay Epstein, and Natasha Perssico Escobedo. Course details regarding the 2019 Accounting & Auditing Clinic, Accounting […]

2019-05-20T15:47:03-04:00May 14th, 2019|

Navigating Tax Risks In Shareholder Executive Compensation

IRS disputes with business owners over shareholder executive compensation is the topic of a recent article titled “Navigating Tax Risks In Shareholder Executive Compensation,”written by principal Natasha Perssico Escobedo, MBA, CPA, AM-ASA, and published on Law360.com. The article also addresses relevant federal income tax statutes and judicial precedents related to shareholder-executive compensation.

In recent […]

2018-10-02T09:37:03-04:00October 2nd, 2018|

Corporate Governance Failures as the Handmaiden of Financial Fraud

Financial reporting frauds (also called management frauds) have become endemic, with huge losses being inflicted upon shareholders, creditors and others. Some of the most infamous frauds of the past two decades – Enron, WorldCom, Satyam, Olympus, Toshiba, and Parmalat being a small sample – have implicated the same key concerns. These include: the deviant “dark […]

2018-08-04T15:01:09-04:00August 4th, 2018|

Barry Jay Epstein Receives The CPA Journal’s 2016 Max Block Award

Sridhar Ramamoorti and Dr. Barry Jay Epstein have been awarded The CPA Journal’s 2016 Max Block Award for their  “outstanding” News & Views/Opinion article titled “When Reckless Executives Become Dangerous Fraudsters: Reward Structures and Auditing Procedures Need to Be Reformed to Deter ‘Dark Triad’ Personalities.”

The news announcement from The CPA Journal reads,

Sridhar Ramamoorti, […]
2018-05-31T13:27:42-04:00June 17th, 2017|

Bloomberg Quotes Dr. Barry J. Epstein on PBM Accounting

In a Bloomberg Technology article titled, “Drug Middlemen Have Slim Profit Margins — Just Ask Them,” reporters Tom Metcalf and Neil Weinberg quote Dr. Epstein in regard to the accounting practices of pharmacy benefit managers (PBMs).

The PBMs’ method of counting complies with generally accepted accounting principles. Regulators haven’t expressed displeasure with the way these drug […]

2018-05-31T11:56:07-04:00April 5th, 2017|

2017 Accounting & Auditing Seminar Now Available

Chicago CPA Ralph Nach is now scheduling sessions for his 2017 Accounting & Auditing seminar, an annual favorite among Illinois accountants.  The course provides in-depth, hands-on coverage of recent developments in accounting, auditing, and financial reporting.

Strong emphasis is placed on the practical application of selected newly issued and/or effective authoritative pronouncements affecting practitioners who perform […]

2018-05-31T11:56:07-04:00March 8th, 2017|
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