Valuation, Forensic & Litigation Archives | SAX - Advisory, Audit and Accounting

10 Factors That Affect The Value Of A Cannabis Entity

Margaret Henn — Mon, 13 Jul 2026 14:20:48 +0000

There are approximately thirteen states that have legalized recreational use of cannabis. There are an additional twenty-two states which have legalized cannabis for medical use. Since cannabis is still illegal federally, the challenges of valuing these entities is challenging. Here are ten factors that affect the value of a cannabis entity.  Section 280E of the Internal Revenue Code-Section 280E was […]

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Ensuring Compliance with Economic Benefit Reporting on Publicly Funded Construction Projects

Margaret Henn — Thu, 09 Jul 2026 17:56:25 +0000

In the business of publicly funded construction projects, accurate reporting of economic benefits is crucial to ensuring compliance with the requirements outlined by funding agencies. Whether it’s a federal, state, or local government entity, these agencies often require an independent Certified Public Accountant (CPA) to review and verify the economic benefits of a project. This process is essential for […]

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Warning Signs of Financial Statement Fraud with Examples

Margaret Henn — Thu, 09 Jul 2026 17:55:29 +0000

The three primary categories of occupational fraud are asset misappropriation, corruption, and financial statement fraud. According to the Association of Certified Fraud Examiners’ (“ACFE”) 2024 Report to the Nations, in which real cases of occupational fraud were analyzed between January 2022 and September 2023, financial statement fraud, which occurs when a perpetrator intentionally caused a misstatement or misrepresentation […]

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Top Ten Financial Mistakes People Make When Getting Divorced

Margaret Henn — Thu, 09 Jul 2026 17:54:34 +0000

The divorce process can be stressful. People will often make mistakes when it comes to financial matters that can have lifetime consequences in the divorce process. We outline the top ten financial mistakes people make during a divorce. Not educating themselves on the finances – sometimes one spouse manages all the finances, and the other spouse […]

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The Impact of an Up-to-Date Buy-Sell Agreement

Margaret Henn — Thu, 09 Jul 2026 17:53:47 +0000

Regularly updating your Company’s buy-sell agreement is an essential way to plan for unexpected business events. Buy-sell agreements are binding contracts that outline when owners can sell their interest, who can buy the interest, how the business will be valued, along with numerous other specifications. Company shareholders[1] operating without an up-to-date buy-sell agreement expose themselves to unnecessary financial risk. These agreements […]

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The Business Valuation Of The Cannabis Industry

Margaret Henn — Thu, 09 Jul 2026 17:53:00 +0000

Cannabis companies can be valued differently for a variety of reasons, similar to companies in any other industry. Here are some factors that can influence the valuation of cannabis companies: Market Position and Branding: Companies with a strong market position and well-established brands tend to have higher valuations. Brand recognition, customer loyalty, and a positive reputation can contribute […]

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Tax Returns vs. IRS Transcripts: What Really Matters When Calculating Lost Self-Employment Income

Margaret Henn — Thu, 09 Jul 2026 17:51:52 +0000

When a self-employed individual experiences an interruption to their business due to an accident, calculating their lost self-employment earnings becomes an important part of the claims process. In order to calculate lost self-employment earnings, two documents are frequently relied upon; the personal income tax return and the IRS tax return transcript. Although closely related, they serve different purposes and […]

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Returning to Work: Lost Self-Employment Earnings

Margaret Henn — Thu, 09 Jul 2026 17:50:52 +0000

When calculating the lost self-employment earnings for an individual, the date the individual “returned to work” is often treated as the end of their lost earnings claim. However, for many self-employed individuals, they do not return to work full-time after their accidents and may have a loss after they return to work. Unlike salaried employees, self-employed individuals do […]

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Standard of Value in a Buy/Sell Agreement

Margaret Henn — Thu, 09 Jul 2026 17:49:59 +0000

There are many moving parts in a buy/sell agreement. They need to be reviewed and updated often. There are many difficult issues that need to be addressed. One of the decisions the owners need to make is what standard of value to use in the business valuation. It is important for the shareholders to understand […]

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We Can Help You Stay Up-To-Date with NY’s Prevailing Wage Laws

Margaret Henn — Thu, 09 Jul 2026 17:49:09 +0000

SAX Forensics, we support construction firms across New York’s energy sector in meeting the strict requirements of prevailing wage compliance under Article 8’s Labor Law § 220. Whether your project is funded by NYSERDA or tied to a local infrastructure upgrade, we help you stay aligned with state regulations—minimizing legal exposure and safeguarding your reputation. […]

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