Litigation Consulting in Sacramento, San Jose, Fresno & Surrounding Areas

5 reasons why people hire professionals for litigation consulting  Litigation consulting involves hiring professionals to provide support and guidance during legal disputes. Sugarman Company LLC offers litigation consulting in San...
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Why Hire a Forensic Accounting Expert in Sacramento and San Jose, CA?

Investigation is best left to the law enforcement officials who employ a multitude of tips & tricks to find the culprit. However, not all offenses are as straightforward as snatching precious items or breaking into an unsecured area. It is important for companies as well as authorities to hire the services of a competent company to go ahead with white-collar crime forensics in Sacramento and Oakland, CA. This is a highly specialized field with laypersons having no inkling about such fraudulent practices amounting to illegality and offenses.

One has to understand the implications of a white-collar crime first. It suffices to know that such offenses are non-violent and include deceit as well as concealment of facts. Such crimes are usually related to financial dealings. It often results in extensive financial losses along with property ownership fraud. A rival or competitor in business may indulge in such frauds for personal advancement as well.

White-collar crime can be varied with organizations like the “National Association of Securities Dealers (NASD)”, “Federal Bureau of Investigation (FBI)”, “Securities and Exchange Commission (SEC)”, and various state authorities being entrusted with the required investigations.

It is interesting to note that the term was first coined by Edwin Sutherland, a renowned sociologist in 1949. The offenders were regarded as persons of high social standing and respectability.

Numerous types of white-collar crimes are recognized today. Some of the most talked about offenses include the following:-

· Bribery
· Bank fraud
· Credit card fraud
· Mortgage fraud
· Mail and wire fraud
· Health care fraud
· Securities fraud
· Tax evasion
· Insurance fraud
· Cybercrime
· Identity theft
· Ponzi scheme
· Insider trading
· Corporate Fraud
· Extortion
· Bankruptcy
· Securities & Commodities Fraud
· Political corruption
· Finance-related offenses
· Racketeering

A few of the frauds mentioned above are regarded to be serious, with the news often being publicly published in leading dailies and electronic media. Corporate crimes may spread to multiple government institutions simultaneously. It is the FBI that gets to investigate such crimes. Sadly, such instances often affect the citizens' confidence and damage the US economy adversely. Such crimes are regarded to be of the highest priority, with the investigative authorities working round the clock.

Self-dealing is also considered to be illegal. This occurs when a fiduciary looks after their interest rather than considering the client’s financial well-being. This purports a conflict of interest, resulting in legal action and terminations. A forensic investigator is hired to find out the facts.

Hiring a forensic accounting expert in Sacramento and San Jose, CA, becomes essential for many business entities, regardless of size. While one may discover discrepancies in accounting records, identifying the responsible person can be challenging. A skilled accounting forensic expert can take on the onus completely from detection of fraud, identification of falsified records, and eventual litigation assistance.

Small Business Accountant in San Jose, Fresno, Oakland, CA & Nearby Cities

5 reasons to hire a seasoned small business accountant  Hiring a seasoned small business accountant can be highly beneficial for your business.   Sugarman Company LLC provides small business accountant in...
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Financial Consultant in Santa Rosa, Sacramento, Fresno & Surrounding Areas

6 reasons to hire a financial consultant   Hiring a financial consultant can provide several valuable benefits for individuals and businesses. Sugarman Company LLC offers financial consultant in and around Santa...
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Business Bankruptcy in Oakland, Sacramento, San Jose & Nearby Cities

5 reasons you need professional help for business bankruptcy  Filing for business bankruptcy is a complex and serious process that can have a significant impact on your financial and professional...
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Purpose of Using Litigation Consulting in San Francisco and San Jose, CA

 A business risks varied types of problems as it continues to operate profitably. While there may be dishonest employees to deal with and competitors to outdo in the race, there may come a time when the company owner needs to consider going to court to resolve the problems. Apart from discussing the matter at hand with multiple types of financial experts and business consultants, opting for litigation consulting in San Francisco and San Jose, CA, may add to the benefits of the company, too.

The company management must be convinced of the efficacy of such consultation, however. It suffices to know that such a consultant is adept at providing advice to help win litigation in a court of law. The concerned individual is not a lawyer, a paralegal, or anyone actively involved with the legal profession either.

Having such a consultant in the pay role can be extremely helpful for any organization. One may also make use of such professionals periodically when their need is felt keenly. Some of the most important reasons to obtain litigation consultancy services from a competent authority include the following:

· New Ideas That Focus On Results- The professional would listen carefully to the management's perspective, thereby revealing the way forward. The new ideas often help the said company to find success in winning litigation filed by the company or against it.

· Problem Resolution- All the issues of the company would be addressed with alacrity thanks to the expertise of the consultant. The advice provided by the pro will not only solve the existing legal problems, including that of litigation, but will also enable the company to stay clear of such legal suits in the future

· Affordability- Having an in-house consultant may not be feasible for small business entities that have to operate within a strict budget. Hiring the services of a litigation consultant as and when required to ensure success can be a convenient way to achieve the objective. There are no extra expenses associated with such a decision either

· Dealing with the Unexpected- No company, especially small ones, likes to receive surprises about litigation and lawsuits filed against the company. Contacting a litigation specialist or advisor can help one to understand the crux of the problem. This can be hugely beneficial in addressing the right concerns and establishing the company's credentials anew.

· Investigative Skills- One does not need to play the detective to win a litigation. Instead, a consultant who takes on the responsibility employs superior research skills. This helps to uncover details that may work in favor of the concerned company. The complicated terms and details will be explained in easy-to-understand layperson's terms for the benefit of the company management who have been asked to appear in court

All business entities have to ensure proper account-keeping. Doing it with a limited staff may be difficult. It makes sense to hire the services of a small business accountant in Sacramento and Fresno, CA, thus ensuring compliance with all financial standards. 

Financial Fraud Forensics in Fresno, Sacramento & Surrounding Areas

5 ways in which financial fraud forensics can save you  Financial fraud forensics is a critical discipline that can help individuals and organizations identify, prevent, and address financial fraud. Sugarman...
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Anti-Money Laundering in Fresno, San Jose, Santa Clara & Nearby Cities

5 tips to choose the best company for anti-money laundering and financial fraud forensics  Choosing the right company for anti-money laundering (AML) and financial fraud forensics is crucial for safeguarding...
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Role of a Financial Consultant in Santa Rosa and Sacramento, CA

 Running the day-to-day business may become too challenging for comfort many a time. Both small and big businesses may have to borrow money with their debt escalating by the day. Filing business bankruptcy in Oakland and San Francisco, CA, may be the only way out. The company management or the business owner needs to turn to a financial expert. This will enable them to gain perspective and understand the associated advantages, including being left alone by the creditors.

Going through the related information is essential after being convinced that bankruptcy is the best way forward. Moreover, the financial advisor is sure to be knowledgeable enough to offer alternatives based on the circumstances. The debtor will surely be confused by the different bankruptcy options available to American citizens. Having a financial consultant check the needs and offer advice is the right way to proceed with the bankruptcy filing process.

Some of the reasons to go ahead and file for bankruptcy include the following:-

The process of filing for bankruptcy for small business entities has been made smooth and hassle-free courtesy of the “Small Business Reorganization Act “that became law in 2019. The provisions offered to business entities struggling for funds are the following opportunities:

· Streamlining the Reorganization process- The associated costs for obtaining the procedure have been removed with the requirements of a corporate reorganization made easier for smaller entities. Such business owners can submit their restructure plan all the more quickly, with acceptance being a matter of days.

· Trustee Appointment- It is necessary for the small business to appoint a trustee when filing for bankruptcy. This trustee must assist the debtor in developing a reorganization plan. Facilitating the new plan and monitoring the fulfillment of the plan is also the trustee’s responsibility.

· Reorganization Plan- The Reorganization Act also empowers the court to approve the debtor’s plan when it meets all the specifications. The legal authorities will not entertain the creditor who objects to such a plan.

· Discharge Limitations- The court will also allow the debtor to pay off the dues within a period of 3 to 5 years. The business entity will be absolved of the liability after repayment of dues. There are a few exceptions to this rule, however.

· Modification of Home Mortgage- The business owner is free to modify the existing mortgage on the residence even after filing for business bankruptcy. This rule will remain active even if the business owner has secured the home loan in connection with the business.

· Administrative Expenses-There are no administrative expenses claims to be paid by the debtor. The post-petition service and goods claims are waived as well.

Hiring the right financial consultant in Santa Rosa and Sacramento, CA, is paramount. Seeking out the services of a firm with a proven track record of problem-solving for individuals and business entities is the best way to resolve all financial issues. 

Purpose Of Using Financial Fraud Forensics in Fresno and Oakland, CA

 Money is believed to be the root of all evil. It is partially true that many individuals and small business entities do not have a concrete financial strategy to fall back on. It certainly helps to connect with a seasoned financial company adept at safeguarding one's money and providing effective solutions that ensure anti-money laundering in Fresno and Oakland, CA. It is equally important to understand that financial transactions must be legal and compliant with the existing standards.

A team of financial professionals will be able to trace the money by thwarting the money laundering process that may have been going on without the business owner being aware of it. The dangers of using laundered money to fund terrorists to unleash violence throughout the planet are rife, making all countries stand against such activities. There are a few steps that need to be taken by established financial institutions to prevent such occurrences.

The urgency of business entities to get back to their core operations is important. The engaged financial pros understand the need to uncover instances of money laundering and advise legal action. Moreover, institutions dealing with public money have a responsibility to be compliant with the US-recommended AML regulations. Some of the steps that are important today for eliminating such illegal practices include the following:-

Cash Deposit- It is mandatory for banks and other financial institutions to report deposits of $ 10,000 or more at a time.

Know Your Customer (KYC)- For institutions that deal with public money, it is important to verify the identity of their customers. Apart from establishing the identity of the customers, the nature of their financial dealings has to be legal and above the board, too. The source of large sums of money deposited at a time may raise suspicion. This makes it imperative for the institutions to verify the transaction's legitimacy.

Customer Due Diligence- This is a part that remains integral to the KYC process with the banks and other financial organizations required to ensure the following from time to time:

Identification & verification of the new and existing customer

l Identification & verification of beneficial owners who have a 25% stake in the company that opens the account

l Understanding the nature and purpose of customer relationships to draw up a customer risk profile

l Regular and ongoing monitoring to identify and report suspicious transactions

l Updating customer information in the records periodically

Not every organization has the resources and means to come up with a foolproof AML plan or implement it. This makes it essential to hire a third party adept at providing anti-money laundering solutions on their behalf. Hiring such experts can enable a small business entity that deals with cash transactions to remain compliant with the standards. Litigation is also handed by the financial professionals who are well aware of the dos and don'ts.

Hiring an experienced team to provide services related to financial fraud forensics in Fresno and Oakland, CA, can help businesses detect fraudulent activities going on in the company.

Forensic Accounting in Fresno, Oakland, CA, Santa Clara & Nearby Cities

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Financial Consulting Firms in Oakland, CA, Sacramento, San Francisco and Nearby Cities

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Economic Consulting Firms in Oakland, CA, Sacramento, San Francisco and Surrounding Areas

Economic Consulting Firms in Oakland, CA, Sacramento, San Francisco and Surrounding Areas 5 ways in which economic consulting firms can help you  Economic consulting firms offer a range of services... The post Economic Consulting Firms in Oakland, CA, Sacramento, San Francisco and Surrounding Areas first appeared on Sugarman & Company LLP.
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Facts About a Forensic Audit In Fresno And Oakland, CA

 Many companies face financial difficulties and must conduct an internal audit to find the facts. A severe instance of fraud being conducted within the company, either by one of its employees or a rival, can jeopardize the company's financial prospects. The best way to stop this is to appoint a professional to check the related facts. In short, it is known as a forensic audit in Fresno and Oakland, CA, and elsewhere.

While most individuals automatically connect the term audit to theirs, an audit conducted by a company is not the same. Such an audit includes the following instead:-

· A detailed and structured examination of the financial records on behalf of the said company. It is often done after an internal audit to gather evidence fit to be presented in court during legal proceedings

· The audit is conducted by a professional who has to understand the legalities involved and have enough knowledge about accounting and audits to do it successfully

· A forensic audit consists of several steps, such as investigation planning, evidence collection, creating reports, and using them during court proceedings

Since the process is an investigation, the professionals charge a fee to conduct it and have the proof ready for use. Companies are willing to pay for the process for the following reasons:-

Conflict of Interest- An employee may misuse the company funds and/or misappropriate the employer's money for personal interest. This is sure to hurt the company's finances adversely. The employer or management may only have an inkling of the wrongdoing. It is the auditor who will find the proof and collate the evidence in the form of a report, thus identifying the offender.

Bribe- A company or a team representing it may be held liable for accepting a bribe when it receives money or expensive gifts in exchange for professional favors. While it is difficult to establish, the auditor will be able to uncover valuable evidence eventually.

Asset Misappropriation- This is a common offense that occurs in bigger companies. The employees may present fake bills or charge the company more for sourcing essentials.

False Financial statements- This type of fraud often occurs in the company's top management. The company may provide false information to obtain tenders or get a loan from the bank or NBFCs. Discovering this sort of offense is a painstaking process and may take time

A financial audit is done meticulously with the professional following certain steps to bring the facts to light. The steps usually include the following:-

· Investigation planning

· Evidence Collection

· Reporting

· Presenting the evidence and explaining in a court of law

Companies, both big and small, rely on forensic accounting in Fresno and Oakland, CA, to examine various financial records and analyze them to uncover evidence of fraud. Such highly complicated accounting is usually used by large financial entities such as banks, insurance companies, and law enforcement agencies. The process can be aptly described as a combination of accounting and investigative techniques.

Business Mediation in San Francisco, CA, Davis, CA, Fresno, CA, Santa Clara, CA, Santa Rosa, CA, San Jose, CA and Surrounding Areas

5 Reasons Why You Must Hire Experts for Business Mediation Hiring professionals for business mediation can bring numerous benefits to the parties involved. Sugarman Company LLC         provides business mediation and... The post Business Mediation in San Francisco, CA, Davis, CA, Fresno, CA, Santa Clara, CA, Santa Rosa, CA, San Jose, CA and Surrounding Areas first appeared on Sugarman & Company LLP.
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Purpose Of Using Financial Consulting Firms In Fresno and Oakland, CA

 Money problems are a common woe that needs to be resolved ASAP. It is not always as simple as borrowing the required sum and paying it back eventually. Business entities often feel pressured to deal with the necessary expenses, pay taxes, and go ahead with an expansion simultaneously. Admittedly, doing it all is an impossible task, especially for small business owners, but proper financial planning can help one to achieve the objective before long.

One of the best ways to proceed further is to get in touch with one of the most experienced financial consulting firms in Fresno and Oakland, CA. Such forms will indeed have several financial experts who may be asked to look at specific areas and provide advice about the dos and don’ts. While finding a financial firm may not be difficult, hiring the right one becomes essential. The best possible way to connect with a quality firm that has a proven track record of providing financial advice involves the following:-

Need for a Consultant

It is important to think about the reason for hiring a consulting firm. Apart from business entities, an individual may also avail of the service. One must be able to assess the problem areas and be ready to reveal the kind of help that is needed.

Types of Consultation

A diverse set of services is offered by the financial advisor(s) associated with the selected firm. Connecting with one with the skills and requisite experience is important. Some of the most popular consultancy provided by the professionals include any or multiple of the following:-

· Investment- The professional will investigate several types of investment and advise on those that come with no or limited risks. The portfolio is, therefore, manageable despite the hard times.

· Debt Management- America sees a huge number of its citizens depend on plastic money or credit cards. It is easy to go out of control as there are temptations galore. The inability to repay credit card loans or other types of debts necessitates instant solutions. The financial consultant can advise several ways to manage the debts and repay them slowly but surely. The professional will chalk out a repayment plan as well.

· Budgeting- Financial professionals are adept at planning. The business owner or private individual can always seek the help of such pros to chalk out a plan that factors in every aspect. The budget drawn by the consultant will help one to save money and meet all goals satisfactorily.

· Tax Planning- Paying the required taxes by the due date is important. Shirking this responsibility may result in huge penalties. It thus makes sense to have a professional take on this onus and handle tax planning and preparation. Filing the taxes by the due date s another aspect that the consultants advise and may undertake on behalf of their client

Using the services of the best economic consulting firms in Fresno and Oakland, CA, can help the concerned individual to concentrate on the core business operations while ensuring the resolution of all financial issues. 

Business Bankruptcy in Fresno, Oakland, Sacramento, San Francisco, San Jose, Santa Clara, and the Surrounding Areas

Running a business is a daily challenge that requires a lot of work and stress to keep it going in Fresno, Oakland, Sacramento, San Francisco, San Jose, Santa Clara, and... The post Business Bankruptcy in Fresno, Oakland, Sacramento, San Francisco, San Jose, Santa Clara, and the Surrounding Areas first appeared on Sugarman & Company LLP.
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Benefits of Forensic Accounting In San Francisco And Davis, CA

 Money is the root of all evil! Well, this saying is true, as the majority of fraudulent activities occur due to money. It is not surprising to find that even white-collar crimes are committed with a desire to snatch legally earned wealth. Most big companies have a separate finance department to handle money matters and calculate the incoming & outgoing wealth. All employees may not be honest and fully committed to their tasks. Third parties also play a role in gaining wealth through criminal practices. Such instances need to be thwarted with the offender brought to book. Uncovering the illegal activities through the investigation is the onus of specialists who are well-versed in forensic accounting in San Francisco and Davis, CA.

One may be interested to learn that this is a specific branch of accounting that deals with a discrete investigation of business accounts. The experts are often hired as and when needed. The findings can be conveyed in a court of law, with such experts often being called as witnesses. Sure, employing such a specialist is a costly undertaking. It becomes essential for a business entity that has been cheated or suspects fraudulent activities within the company without being able to prove it. Money laundering and tax crimes are also reasons to hire a forensic accountant. The expenses are sure to be justified when the offender is held liable with the offense being proved by a court.

True, no company big or small, may feel the need for including a forensic accountant in its pay role. Outsourcing the need to an external expert becomes essential when it is vital to do the following:-

· Financial Crimes- Trusting individuals with large sums of money is challenging. Having a team of professionals discover financial fraud within the company or instances of bribery and withholding taxes from the government can result in legal action against the offenders. Forensic accounting is not merely meant to find the culprit, however. Instead, many companies utilize their services to discover financial discrepancies within the company and proceed against the suspects without raising a hue and cry.

· Monitoring Professionals- Forensic accounting may also be used to monitor the roles assayed by other professionals on the pay role of the company. Specialized accountants discover the tell-tale signs of inaccuracy, discrepancy, and negligence. The suspects are questioned at length until their innocence is proven. The discrepancies and financial losses may be the result of negligence. Lack of skills, or done intentionally.

· Deliberate Anomalies- There are bound to be several anomalies detected by checking the financial records of a business entity. Most companies hire forensic accountants to review the existing records and discover malpractices made by employees, vendors, or even shareholders. Instances like diverting funds may be found via forensic accounting.

Disagreements and disputes between two competitors or partners may make or break a business relationship. Hiring a neutral party for business mediation in San Francisco and Davis, CA, can effectively resolve the issues without incurring legal expenses or marring the working relationships between the concerned parties.