Neumeister & Associates

Forensic accounting is an inherent facet of all modern businesses, empowering their accounting strategies to uncover financial irregularities, operational inefficiencies, fraud, embezzlement, and many other white-collar crimes. In an age marked by the digital renaissance, where financial crimes are more sophisticated and complex than ever, it stands as a guardian of financial integrity, helping businesses follow the money to the truth.

Business leaders often lack the expertise, auditing capabilities, and investigative skills to probe into financial fraud and implement mitigation strategies. Coupled with the influx of new entrepreneurs who are not savvy to business subtleties, the need for the protection of forensic accounting specialists is more significant than ever.
The full-service accounting firm, Neumeister & Associates, can be their guiding star.

It checks all the boxes as a forensic accounting partner for businesses and individuals with a captivating blend of financial artistry and investigative precision. Founded by a visionary and seasoned forensic accounting expert, Jeff Neumeister, the firm specializes in offering timely services to help clients keep their money safe. Its professional accounting and consulting service suite includes forensic accounting, bookkeeping, tax, cryptocurrency, M&A advisory, and business management. All these offerings are customized to client needs and business objectives, helping achieve financial integrity, clarity, and operational excellence.

“We’re not just a run-of-the-mill accounting firm, but a one-stop shop for all accounting needs,” says Neumeister, managing partner of Neumeister & Associates. “Our mission is to help clients reduce the time and effort spent on solving financial oddities while allowing them to focus on the business, their family, and themselves.”

A team of forensic specialists and accounting and financial advisory consultants is central to Neumeister & Associates’ excellence. Operating with a commitment to transparency, precision, trust, and informative counsel, they are ideally positioned to identify the core problems, uncover fraud, and improve efficiencies while initiating and defending clients against litigation. The firm also offers valuable insights and crafts proactive financial strategies that enable clients to make sound business decisions.

Giving Neumeister & Associates an edge over the competition is its principle that hinges on ‘seeing beyond the numbers to what makes each of its clients and their businesses unique.’

Piecing Puzzles Together with Forensic Accounting Excellence

Neumeister & Associates offers superior forensic accounting services encompassing commercial damage calculation, fraud investigation, family law matters, business valuation, and litigation support. Fraud prevention, detection, and investigation services help public and private sector clients navigate the growing complexity of business and accounting fraud. Efficient investigation techniques are used to gather evidence, analyze data, and provide real-time insight, giving clients better visibility and transparency into their accounts.

A comprehensive and easy-to-understand analysis of accounting records enables clients to identify and quantify compensation based on contributions. This allows the firm to support a range of dispute settlements between business partners.

Neumeister & Associates’ strength also lies in assisting clients in evaluating damages resulting from precipitating events such as patent infringements, contract breaches, product liability, anti-trust, and fraudulent disclosure.

The forensic accounting specialist offers an unparalleled perspective to uncover the entire mystery, irrespective of the type and gravity of financial crimes. Its ability to dig deep into immune layers uncovers every inconsistency indicating financial fraud, giving businesses and individuals peace of mind.

A recent success involved a client needing assistance in solving an embezzlement case. Neumeister & Associates revealed a $1.5 million fraud that initially appeared to be a $10,000 embezzlement case, saving the client significant money.

In another case, a couple of high net-worth passive investors had concerns about financial inconsistencies in the accounting of their businesses. They typically partnered with industry experts to run and manage their businesses, spanning multiple industries. However, the couple faced a major setback when they invested in a franchise business, as the operator manipulated financial records to portray it as ‘no-profit’ for some time.

Suspicious about the situation, they approached Neumeister & Associates for assistance. The team applied investigative expertise and facilitated conversations with the client’s bookkeeper, owner-operator, and the CPA firm. It quickly identified that the operator maintained more than one general ledger while using personal credit cards for business expenses. Reward points worth a hundred thousand dollars—accruing over the years—were used for his personal affairs. His ignorance of compliance regulations was also strangling the business.

Neumeister & Associates helped the client quickly take remedial actions. The solution included replacing their existing owner-operator with a skillful expert to better handle the business while employing its accounting experts to take over their bookkeeping and CPA services. This success is a testament to its ability to serve as a one-stop shop for business accounting needs, from uncovering fraud and building robust financial strategies to providing efficient end-to-end accounting services.

Forensic Lens to Accounting Services

Beyond its forensic accounting excellence, Neumeister & Associates’ capabilities include a wide range of traditional accounting services, including tax preparation, bookkeeping, general accounting, and business management. The ability to bring a forensic accounting perspective to client tax and bookkeeping projects, with an additional layer of transparency and precision, allows the firm to quickly uncover financial irregularities and reduce crime. This excellence in identifying errors that often lead to litigation or other legal consequences propels it ahead of other accounting firms providing tax and bookkeeping services. Forensic perspective on a client’s accounts materially enhances a secure financial future.

“We educate clients on how a forensic perspective can help them prevent spending extra time and resources to ensure real-time transparency of their books and records.” says Neumeister.

Its approach involves carefully analyzing the data and identifying the intent and motive of each player involved in transactions while delivering traditional accounting services. The team is also well-versed in offering CFO services, given its broad range of experience in other areas, including M&A, tax planning, and analytics.

The New Avenue of Accounting Excellence

As cryptocurrency specialists, Neumeister & Associates helps clients with transaction tracing, as investors often face the challenge of tracking down lost assets. The team of qualified transaction tracing specialists assists investors in recovering coins by analyzing the blockchain to determine the original owner and following the chain to identify the last location. In one instance, the team helped trace cryptocurrency worth $1.1 million a spouse claimed to have lost during their marital dissolution process.

Consultation, tax planning, bookkeeping, and forensic accounting are other areas where the firm shines in the cryptocurrency domain. These services are gaining traction today, as scams like rug pull become more prevalent with the inflation of the crypto market. The team evolves as an ideal partner for investors, helping address their crypto-related disputes, scams, and asset-hiding issues. Tax specialists assist clients in unraveling complex crypto transactions and determining their net gains or losses to prepare them for tax compliance. It makes sure clients understand investment classifications, maintain thorough documentation, fill out the proper forms, and attain IRS regulations compliance.

Embracing an approach that ensures crypto derivative transactions are reported in an accurate and compliant way, Neumeister & Associates helps clients achieve financial goals while minimizing tax obligations. The team’s ability to seamlessly collaborate and combine its cross-functional expertise enables the firm to take on complex projects that require a mixture of specialized knowledge and skills.

Growth-Driven Culture

Neumeister & Associates takes pride in a team that possesses a great work ethic and cares about clients. The team’s commitment to excellence facilitates the firm’s growth. Neumeister & Associates has also instilled an entrepreneurial approach into its culture that allows people to flex their entrepreneurial skills in the safety of an organization without taking risks. For instance, leveraging his deep financial expertise and extensive forensic experience, Neumeister built a proprietary system to calculate and document the gains and losses of cryptocurrency, ensuring all the relevant documents for IRS audit. Senior associate and crypto expert, Abhinav Soomaney further developed this system and took their crypto services to the next level.

Neumeister & Associates’ entrepreneurial approach has allowed it to build a strong team of many dedicated individuals, following the philosophy of ‘enough is never enough.’ This philosophy allows for negating stagnation or mediocrity and staying updated on industry trends. It believes in continuous improvement and constantly pushes boundaries to achieve excellence, preventing team members from falling behind. Exploration of AI tools is a testament to its commitment to elevating its service portfolio. The Neumeister & Associates team continues to enhance these offerings through its industry knowledge, forward-thinking mindset, and invaluable client feedback, delivering on the promise of financial integrity, clarity, and excellence through greater insights and services.