Month: February 2014

Summary: Include the income when it is earned, not when it is received.  For real estate agents, this is most often considered to be the date that all conditions are met on the sale, as opposed to the closing date.  So relying on a tax return may lead to errors in the calculation of income replacement […]

Summary: Allocate it to the date or period in which it was earned, not when it was received. It has been our experience that these sources of income are often a source of error in the gross income calculation for income replacement benefits…both in the pre and post-accident periods. How do I allocate this income? Employees […]

Thanks to my dad who inspired me to ensure not all accounting reports read this way. Unlike in the attached cartoon, one of our key goals at ADS Forensics is to provide clear, concise yet credible reports for our clients. We are always happy to provide a sample at your request. For information on ways […]