article thumbnail

Can You Trust Your Accountant? If You See These Signs, the Answer Is No

Fundera

According to the AICPA, 168 CPAs received disciplinary actions in 2016 and 78 have already been reprimanded in the 1st quarter of 2017. Recently I read an article about a famous television star who is facing bankruptcy because her accountant mismanaged her finances. They offer to sign documents or execute agreements on your behalf.

article thumbnail

Win new valuation engagements by asking business owners these 4 questions

Abrigo

Unlike traditional accounting services (such as tax preparation and audits) that some clients need each year, valuations are often performed to meet a one-time need triggered by situations such as a shareholder dispute, a divorce settlement or a bankruptcy.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Credit Score Guide: How Raising Your Score Can Save You Thousands on a Loan

Fundera

Payment history—including bankruptcies and judgments. But overall, your credit score is a good measure of how you repay your debts, what kind of credit you look for, how well you understand the amount of debt you can actually take on, whether you’ve successfully avoided bankruptcies and tax liens, and more.

article thumbnail

The 8 Most Damaging Things You Can Do to Your Credit as a Small Business Owner

Fundera

Bankruptcies, liens, foreclosures, and lawsuits. According to a 2016 study by Experian, small business owners have an average personal credit score of 721 , while the average consumer score is 673. Timely repayment across all types of credit. Credit Utilization. Balance owed compared to available credit.

article thumbnail

What Is a Good Credit Score, and Why Should You Care?

Fundera

2016 data by Experian shows that Americans had an average credit score of 673—that’s squarely within the good credit score range. Public record information, like judgments, collections, and bankruptcies. Feel free to check up on your credit score more than three times per year, though—requesting your own score won’t hurt it.

article thumbnail

Certified Business Appraisal: What It Is and Why It Matters 

Fundera

Legal situations are one of the biggest examples where an appraisal is required—for example, divorce settlements or bankruptcy. . The NACVA used to offer Certified Business Appraiser and Master Certified Business Appraiser credentials, but professionals can longer obtain these certifications as of 2016.

article thumbnail

New York Secretary of State Business Search and Beyond: What Can It Do for You?

Fundera

Governor Andrew Cuomo appointed Rosado as NY Secretary of State on February 3, 2016, and she was confirmed by the New York State Senate on June 15, 2016. . The lien allows the lender to lay claim to the relevant assets if the borrower fails to repay their debt, or if they declare bankruptcy.