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Personal Goodwill in a Texas Divorce
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Personal Goodwill in a Texas Divorce

What is Personal Goodwill in a Texas Divorce? Written by: Anthony DeBenedictis, CPA, ABV, CFF, CFE Goodwill is an intangible asset often defined as “the value of a trade or business attributable to the expectancy of continued customer patronage,” and that “this expectancy may be due to the name or reputation of a trade or business or any other factor.”[1]  Goodwill then may arise as...

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29 Jun 2020
Encryption
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Encryption

Encryption Written by: Madhu Maganti, CPA, CISA The need for encryption is at an all-time high with an increasing number of organizations and consumers falling victim to a whole host of cybercrimes. The cyber criminals never rest, and this means that organizations need to be vigilant as well as ensure the implementation of tough security measures. You will find encryption in most things that run...

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26 Jun 2020
Data is King
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Data is King

Data is King Written by: Madhu Maganti, CPA, CISA Evolution of Data Everyone and their big brother (no pun intended) is talking about data and more specifically, Big Data. Big Data is a technology buzzword that describes the current ecosystem in which there is significantly more data, and the processing of this data is beneficial to companies. Perhaps, even individuals, with news of the usage...

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25 Jun 2020
What is My Business Worth?
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What is My Business Worth?

What is My Business Worth? Written by: Anthony DeBenedictis, CPA, ABV, CFF, CFE In simplicity, the value of a business or an asset is the present value of all the expected future economic benefits (income steams).  In reality, this is a bit more complex.  Business valuation is the process of determining the economic value of a business by taking into consideration a variety of factors. ...

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24 Jun 2020
Biometrics Identification – Boon or Bane?
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Biometrics Identification – Boon or Bane?

Biometrics Identification – Boon or Bane? Written by: Madhu Maganti, CPA, CISA Biometric identification is any means by which a person can be uniquely identified by evaluating one or more distinguishing biological traits. Unique identifiers include fingerprints, hand geometry, earlobe geometry, retina and iris patterns, voice waves, DNA, and signatures. Biometric identification is still an emerging technology but is seeing its usage increasing rapidly around the globe. Companies...

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23 Jun 2020
Data Privacy Rights
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Data Privacy Rights

Data Privacy Rights Written by: Madhu Maganti, CPA, CISA The lines between data security and data privacy often get blurred. Data security is about securing data against unauthorized access. Data privacy is all about authorized access, concerning who has it and who defines it. In this regard, data security is about the technical implementation of what data privacy dictates. In this article, we will look...

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22 Jun 2020
Paycheck Protection Program Flexibility Act
in COVID-19, News

Paycheck Protection Program Flexibility Act

Paycheck Protection Program Flexibility Act On Wednesday, June 3, 2020, the Senate passed the Paycheck Protection Program Flexibility Act of 2020. The PPP Flexibility Act passed the House last week and will now be sent to President Trump for signature into law. The PPP Flexibility Act provides some relief and flexibility in the use of the Paycheck Protection Program (“PPP”) funds. Changes Included: The spending...

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05 Jun 2020
Avoid These Common Errors When Filing a Tax Return
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Avoid These Common Errors When Filing a Tax Return

Avoid These Common Errors When Filing a Tax Return When filing a tax return, mistakes such as the common errors listed below can result in a processing delay – and increase the amount of time it takes to receive a tax refund. Using a reputable tax preparer such as a certified public accountant, enrolled agent or another knowledgeable tax professional is usually the best way...

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02 Jun 2020
Preparing an Effective Business Plan
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Preparing an Effective Business Plan

Preparing an Effective Business Plan A business plan is a valuable tool whether you’re seeking additional financing for an existing business, starting a new company, or analyzing a new market. Think of it as your blueprint for success. Not only will it clarify your business vision and goals, but it will also force you to gain a thorough understanding of how resources (financial and human)...

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01 Jun 2020
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