Enterprise Tax Risk Management Systems/Platforms analysis
Futuristic Development in Advanced Risk Registers
- Risk Register and Matrix Management Planning and Design
- Risk Management tax compliance guide for Tax Administrators
- Development of Risk Data Intelligence Models
- Risk Transformation and Tax Management
- Defining Risk Appetite for clients
- Lectures in Financial Strategy, Strategic Risk Management and Taxation to aspiring tax and financial professionals
Asset and Income Tracing
Fraud perpetrators will go to great lengths to hide the proceeds they illegally acquired from their victims, often relying on hiding and protecting the assets through third party entities, offshore trusts and/or foundations. Others will do the same in order to protect their assets from being available for things such as the enforcement of a judgment, dispute resolutions (estate, divorce, partnership, etc.), and structured settlements.
There are several reasons why an asset search may be necessary including determining whether it is worthwhile to litigate against a person and/or company, and for other pre-and-post litigation reasons. Whatever the reason, asset tracing is a crucial undertaking for resolving contentious situations and/or making decisions with respect to civil litigation matters.
RCM investigators have a sound understanding of the legal developments, tactics, tools, and strategies to successfully trace tangible and intangible assets for their clients. Driven by their desire to do what is right for their clients, a global reach, and creative thinking and solutions, RCM investigators will conduct a preliminary value-added asset search.
If you’re searching for an objective expert witness, a mediator, a trustee, or a consultant, Reality Capital Management may be able to help.
Occasionally partners within a company will disagree on the direction of their business. When that occurs, a partnership dispute arises. As a result of personal relationships and history between partners dispute can be as emotional and personal as a divorce. It is not uncommon for partners to claim fraud, theft, and breach of fiduciary duties.
Disputes between business partners can sometimes turn ugly. Relatively minor issues can spiral into much larger problems, and the business relationship can suffer as a result. A dispute can become costly and all around counterproductive.
If you have any questions about whether or not requesting us makes sense for your partnership dispute, please contact Reality Capital Management for immediate legal assistance.
Fraud Detection and Documentation
The Association of Certified Fraud Examiners (ACFE) conducted a study of the most common types of fraud occurring within companies. The ACFE defines fraud as “deception or misrepresentation that an individual or entity makes knowing that the misrepresentation could result in some unauthorized benefit to the individual or to the entity or some other party.” According to the study, approximately 10% of incidents concern white collar crime. Asset misappropriation and corruption tend to occur at a much greater frequency, yet the financial impact of these later crimes is much less severe. Greed and work pressure are the most common factors pushing management to deceive investors and creditors.
RCM has been asked to review the accounting records of several companies in order to determine if fraud had occurred, the impact or damages due to fraud. RCM has also assisted in the review and enhancement of internal controls in order to prevent and detect fraud.
The term dissolution of marriage refers to the ending of a marriage through legal proceedings, the same as divorce. In many jurisdictions, a couple may file a petition for the court to terminate their marriage pursuant to a written agreement between the parties. Such an agreement must cover all issues pertaining to the dissolution, allowing the matter to be concluded without a hearing or trial.
In most jurisdictions, divorce and dissolution of marriage are the same thing, each requiring the same legal proceedings to finalize. The proceedings may be adversarial, or the parties may work together to come to an agreement regarding all issues of distribution of marital assets, and payment of spousal support, as well as child custody and child support, if applicable.
If an agreement is reached, it is documented in a Marital Settlement Agreement, and presented to the court for approval and a final divorce order or decree. Any issues not settled between the parties may continue to trial, during which both parties will present argument, testimony, and other evidence to make their case.
OTHER SERVICES INCLUDE:
Lost or Diminished Profits