“Client Advisor” – October 2019 issue

The October issue of our “Client Advisor” newsletter is now available! In this issue:

  • Fraud in the Workplace


Orange County Business Journal article by Smith Dickson “Fraud in the Workplace”

Most employers never would expect that a trusted employee might commit fraud, yet every year numerous businesses are forced into bankruptcy due to fraud. Even when it isn’t that extreme, the Association of Certified Fraud Examiners’ (ACFE) 2018 Global Fraud Study revealed that the typical organization loses a median of 5% of revenues each year due to fraud. The fraud triangle is … (Read the full article)

OCBJ article: “Business Owners Consider Fleeing State’s High Taxes”

Richard Warner, Senior Tax Manager, was recently asked to participate in the Orange County Business Journal’s special report on “Accounting and Management Consulting.”  In the Q&A section, Richard addressed the topic of “Business Owners Consider Fleeing State’s High Taxes.”

Excerpt: “Excessive taxes in California have routinely been viewed by high income residents simply as the price paid to enjoy our great year-round weather and sandy beaches. While some consideration has been given in the past toward establishing residency elsewhere, the actual exiting of the state to avoid the onerous tax laws was usually not acted upon.  This view is giving way to business owners aggressively approaching ways to reduce taxes by leaving California permanently. Our firm has had many discussions and performed various analyses in the last few years for clients who ultimately left the state or are seriously considering doing so — soon. The recent cap on state tax deductions under tax reform was the last straw.”