Forensic Economics

The term 'forensic economics' keeps popping up these days, but many of us are still unsure about what it really means. At DiGabriele, McNulty, Campanella & Co., LLC we provide in-depth forensic economic services and want to spread the word on this scientific study.

Forensic economics is the application of economic schools of thought to any monetary losses or damages as indicated by law and legislation. The forensics economics “umbrella” covers topics such as:

• Analyzing claims for evidence of damage liability
• Utilizing forensic economic methods
• Calculating economic damages in commercial and personal litigation

Forensic economists use economic principles to solve legal issues. They are often incorporated into civil suits to determine the extent of economic damage. These specialists may be called upon in a civil case, when someone is suing another for damages. He/she will figure out the true monetary loss that will be later presented in court. Forensic economists analyze the economic impact of a situation, including lost potential profits and wages as well as predicting the value of a lost life, ie how much he/she may have contributed – financially or otherwise – to society. The latter comes in handy when awarding damages in a wrongful death lawsuit.

At DMCPA we assist attorneys and insurance companies to give an economic value to business failure, deaths and injuries. Forensic economics involves careful and meticulous data analysis in order to determine who is to blame in each case and to what extent. We solve these puzzles by analyzing financial losses, listening to witness testimony and uncovering crucial pieces of data. We also make sure to research the opposing side to learn more about their claims, create key testimony and present concise and informative reports.

For more information on forensic economics, contact DMCPA today at 973-243-2600. 

Divorce Accountants in North NJ

North Jersey residents: There are three basic steps to getting a divorce.

First, you need to educate yourself. You can do this by speaking to friends and family that have been through it. Who better to give you an insider's perspective than the people close to you? You can ask them what they did right and what they might have done differently if they had the chance.

The second step is to use the Internet to your advantage. You can search divorce in general, or do a search that is specific to the state you are living in. You can also even search family law for more general info. Next, go to a bookstore and browse through the “Divorce” section. It is good to get a mix of books for the emotional side of the process as well as the legal side (determining child custody, etc). Another tip is to make a plan, with a list of goals and a write-up of how you want to divide assets, debt, custody, etc.

The last step is to consult a divorce accountant in North NJ. Enter DiGabriele, McNulty, Campanella & Co, LLC.

This widely-recognized firm provides quality forensic services and investigative accounting if there appears to be any legal threats or litigation issues. Before we get ahead of ourselves, let's define forensic accounting. This is known as an area of accounting that deals with actual or anticipated litigation threats. The word “forensic” indicates that this type of information can be used as evidence in court proceedings. This is what makes having a divorce accountant in North NJ so useful when going through a lawsuit.

There are a number of ways that having a forensic accountant can come in handy during a divorce.

They can:

1. Search for hidden assets and/or hidden income.

2. Perform a business valuation.

3. Calculate cash flow

4. Assist your divorce attorney in finding information, preparing documents and preparing trial questions

5. Testify in court

6. Provide input and advice during the settlement proceedings

Having a forensic divorce accountant in North NJ working on your case, along with a divorce attorney, creates a stronger legal team, which better increases your chances of walking away from the divorce with your goals accomplished. While a divorce attorney may be an excellent negotiator, or particularly talented in uncovering a deceiving paper trail, the forensic accountant can document those findings in a way that will be admissible in court.

For more information, contact DiGabriele, McNulty, and Campanella & Co at 973-243-2600. 

Forensic Accountants Can Help Uncover Frauds

Forensic accounting in North NJ can be used for investigative services in cases where there may be a legal litigation. According to the Merriam-Webster Encyclopedia, the definition of forensic is “relating to or dealing with the application of scientific knowledge to legal problems.” Forensic accountants are hired to uncover fraud and legal threats through the investigation of financial matters. They can help you with problems ranging from divorce issues to tax representations.

DiGabriele, McNulty, Campanella & Co. can provide you with a professional forensic accountant who can investigate financial matters and present it in the court of law. With 22 years of experience, our accounting professionals know exactly how and what to investigate to find useful information and discover frauds. Through forensic accounting in North NJ, we can provide you with financial knowledge that will be useful in protecting yourself from fraud and legal threats.

The forensic accountants at DiGabriele, McNulty, Campanella & Co. provide services for both individuals and businesses. To set up a consultation, call us at 973-243-2600.

Certified Public Accountants in North NJ

DiGabriele, McNulty, Campanella & Co. has been offering accounting services for clients since 1990. As an accredited firm in Northern New Jersey, we have been devoted to providing the best forensic accounting, CPA services and business consulting services. We work closely with our clients to know everything about their business in order to lead them toward a more successful place.

The professionals at DiGabriele, McNulty, Campanella & Co. are qualified forensic accountants who can help your business achieve its financial goals. Our forensic services include business valuations and help with business interruption, economic damages and tax representation.

Our forensic accountants have years of professional experience dealing with the following and much more:

·    Wrongful death

·    Personal injury                                                      

·    Employment discrimination

·    Tax audits and investigations

·    IRS collection enforcement

·    Payroll services

·    Retirement planning

·    Bankruptcies

·    Financial planning

Let DiGabriele, McNulty, Campanella & Co. help you with any business guidance you need. To schedule a consultation, contact us today at (973) 243-2600 or visit our website http://www.dmcpa.com/