Smith Dickson recently played a key role in a recent lost income dispute, with our client winning 12-0 in a jury trial. Ryan Nguyen, Forensic Accounting Manager, provided expert testimony.
Our client, a local doctor, leases his facility and recently his partner passed away suddenly, creating a vacancy in the building and a need to find a tenant to fill the space. A tenant moved in and was supposed to pay his proportionate share of the office expenses, however, he quickly fell behind on payments (read article) …
Smith Dickson president Debbie Dickson has been nominated for the OCBJ “2017 Women in Business” awards. These awards recognize exceptional business and professional OC women. The special OCBJ issue of April 17th features profiles and photos of this year’s nominees.
Obtaining or renewing bank lines of credit or loans isn’t always a simple process. A business may be declined credit and not have a clear answer as to why it was refused the financing it needed. Banks consider the “Five C’s of Credit” (capacity, capital, collateral, conditions and character) in extending financing, which can be difficult to evaluate from a typical commercial applicant’s perspective. On top of those criteria, other factors can play a key role when credit is not approved, such as lack of preparation, poor records, and the bank’s level of risk aversion for certain types of loans or industries. It is in these more challenging situations that a qualified CPA firm can prove to be particularly helpful. (Read the full article)