RABCPA PC Blog
Many people I speak to are not happy with their commercial banks. Some of the reasons are as follows; banks putting profits ahead of consumers, overdraft fees and other charges.
One possible solution is to take a look at community banks and credit unions. their focus is more on the local community, rather than lending to companies and wealthy families.
It is important to realize that according to many studies credit union account holders pay fees of about $71 compared to commercial bank account holders that pay average fees of $183.
Typically credit unions and community banks offer more consumer-friendly products, but they still require a revenue source to pay expenses. Posted March 17, 2018 by Robert A Bonavito in Educational Videos
When we have damage cases involving construction delays, we typically employ the Eichleay Formula in order to calculate those damages. Damages can be incurred if a construction company has a delay. Especially, if they cannot replace that job with another, thus resulting in overhead charges that cannot be charged to a Job.
The Eichleay Formula is a court tested formulation that allows you to allocate overhead to a project and determine the actual damages that resulted from the delay.
Once the damages are established it is the attorney’s responsibility to prove that the reason for the delay was caused by the defendant. Posted March 10, 2018 by NJ Forensic accountant in Firm News
I often see companies merge both private and public, and have to scratch my head and say what was the reason behind that merger?
There are many reasons for Mergers and acquisitions to happen, some good and some bad.
Good reasons are for operational synergy for financial synergy. Mergers made because they bring economy of scale or lower the cost of capital can be good.
There are many bad reasons like managerial pride. This is one of the main reasons that many mergers fail. When management feels they need to acquire a company to make themselves look busy, many times they over pay and the long-term results of this are disastrous. Posted February 26, 2018 by Robert Bonavito in Educational Videos
