MCCULLYANDASSOCIATES.CA

McCully & Associates | Forensic Accountants and Claims Consultants

Forensic Accountants and Claims Consultants. McCully and Associates is a forensic accounting and claims consulting firm founded in 1991 by Norm McCully. We specialize in the calculation of a claimant’s losses resulting from a motor vehicle accident. We have over 20 years of experience working with insureds and adjusters. We are equally comfortable assisting adjusters with their claims or helping a claimant through the challenges of their claim. For a complete list of our services please CLICK HERE.

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McCully & Associates | Forensic Accountants and Claims Consultants | mccullyandassociates.ca Reviews

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Forensic Accountants and Claims Consultants. McCully and Associates is a forensic accounting and claims consulting firm founded in 1991 by Norm McCully. We specialize in the calculation of a claimant’s losses resulting from a motor vehicle accident. We have over 20 years of experience working with insureds and adjusters. We are equally comfortable assisting adjusters with their claims or helping a claimant through the challenges of their claim. For a complete list of our services please CLICK HERE.

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8 income replacement benefits

9 miscellaneous issues

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McCully & Associates | Forensic Accountants and Claims Consultants | mccullyandassociates.ca Reviews

https://mccullyandassociates.ca

Forensic Accountants and Claims Consultants. McCully and Associates is a forensic accounting and claims consulting firm founded in 1991 by Norm McCully. We specialize in the calculation of a claimant’s losses resulting from a motor vehicle accident. We have over 20 years of experience working with insureds and adjusters. We are equally comfortable assisting adjusters with their claims or helping a claimant through the challenges of their claim. For a complete list of our services please CLICK HERE.

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mccullyandassociates.ca

1

IRB Calculations | McCully & Associates

http://www.mccullyandassociates.ca/calculations

Forensic Accountants and Claims Consultants. To begin using the McCully and Associates IRB Calculator, please enter your name, your email address, and the name of your organization. This information is not retained and will not be distributed with the exception of the identity of users which is retained by M & A for volume usage purpose. Please enter your name, email address and organization. Information provided by McCully and Associates Inc.

2

Eligibility/Employment Status | McCully & Associates

http://www.mccullyandassociates.ca/advice/eligibilityemployment

Forensic Accountants and Claims Consultants. Under Section 3(1)b “self-employed person” means a person who,. A)engages in a trade, occupation, profession or other type of business as a sole proprietor or as a partner, other than a limited partner, of a partnership, or. B)is a controlling mind of a business carried on through one or more private corporations some or all of whose shares are owned by the person;. SELF-EMPLOYED CLAIMS FOR IRB. In the post accident period deductions are made for other income ...

3

Advice | McCully & Associates

http://www.mccullyandassociates.ca/advice

Forensic Accountants and Claims Consultants. On the pages in this section you will find information on the various topics and issues that are involved in the calculation of a claimaint’s losses resulting from a motor vehicle accident. Information provided by McCully and Associates Inc. No liability is accepted for losses which may occur through the use or misuse of this information.

4

Miscellaneous Issues | McCully & Associates

http://www.mccullyandassociates.ca/advice/misc

Forensic Accountants and Claims Consultants. Income earned is usually referrable to the period for which paid. However there are certain types of employment in which income may be earned but not paid out until a subsequent period:. Similarly salesmen may not be paid commision until sales are delivered or paid for. The circumstances of the commision arrangement must be reviewed to determine the most equitable accounting for pre and post-accident income. It is common practice for people to under-declare th...

5

Income Replacement Benefits | McCully & Associates

http://www.mccullyandassociates.ca/advice/irbs

Forensic Accountants and Claims Consultants. There have been many No Fault schemes since its inception in 1990. The current Ontario Regulation 34/10 made further changes resulting in a simplified IRB calculation. This dispenses with the need to calculate after tax income and simply calculates an IRB at 70% of gross weekly income. It is still important that the pre-accident income, post accident income and income replacement assistance are calculated and factored into the calculation.

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McCully & Associates | Forensic Accountants and Claims Consultants

Forensic Accountants and Claims Consultants. McCully and Associates is a forensic accounting and claims consulting firm founded in 1991 by Norm McCully. We specialize in the calculation of a claimant’s losses resulting from a motor vehicle accident. We have over 20 years of experience working with insureds and adjusters. We are equally comfortable assisting adjusters with their claims or helping a claimant through the challenges of their claim. For a complete list of our services please CLICK HERE.

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