The number one question, and starting point, for financial discussions related to divorce is “What is his/her income?" This question becomes extremely difficult for all parties when one, both or others have holdings in companies. We will look at actual case examples to help understand how accountants, or financial advisors, should determine a starting point for income. We will start with a single company scenario, then look at a multiple company scenario. In addition, James will offer suggestions as to which expenses in the company/companies where further investigation is warranted, as they may not be needed to directly earn income, even though they may be tax deductible. James will provide examples of how some individuals use dividends and salaries to defer their income, while legally reporting income in different years for tax purposes.