Business Fraud Prevention
Commercial Law
Federal Requirements When a Product is Dangerous
Recalling defective products can be expensive and it may be tempting for manufacturers to ignore flaws. But that can be more costly in the long run, both in financial and human terms. Under the Consumer Product Safety Act, manufacturers, distributors and retailers must immediately report to the U.S. Consumer Product Safety Commission products with a […]
Timely Opportunities
How to Prepare for Potential Layoffs
There’s some sobering news amid other encouraging recent employment data that may take you by surprise in this tight labor market. After all, “now hiring” signs are everywhere, and some sources paint a picture of a historically strong jobs market. Even so, within the past year, Google, Amazon, Microsoft and other major tech companies have […]
Timely Opportunities
Investors: Know the Basics of Basis Before You Sell
If you’re thinking about selling stocks, mutual funds or other investments, you need to first familiarize yourself with the cost basis rules and their implications for your tax bill. Learning the rules may help you significantly reduce the amount of capital gains that will be subject to taxation as a result of the sale. Why […]
Estates
Name an Understudy for Yourself with a Power of Attorney
Few images are as scary as imagining yourself incapacitated. Still, you should consider the possibility that in your absence, someone else will have to take care of business and make important decisions. Enter the power of attorney. Here’s what you need to know about this important legal document. As the principal, you choose someone (often […]
Business Law
Eight Legal Risks Facing Businesses
Operating in today’s business world can sometimes seem like you’re navigating a legal minefield. You must be aware of, and comply with, numerous laws and regulations. A misstep can result in expensive and time-consuming legal challenges. Below are eight legal risks facing businesses, along with some of the related federal laws involved. Keep in mind […]
Timely Opportunities
Should You Extend Your 2022 Tax Return?
In a statement posted to its website on February 3, 2023, the IRS asked certain taxpayers to temporarily hold off on filing their 2022 returns until it could issue guidance on how to treat special tax refunds and payments made by approximately 20 states in 2022. The IRS published additional guidance to resolve this issue […]
Timely Opportunities
Top 3 Federal Tax Law Changes that Could Affect Your Business Return
Every tax season, business owners must familiarize themselves with tax law changes that went into effect for that tax year. Fortunately, businesses don’t have to contend with sweeping changes for 2022. But there are three major ones that could affect business taxpayers as they file federal income tax returns this year for 2022. 1. Reduced […]
General Litigation
Four Types of Civil Relief When Filing a Lawsuit
When you’re thinking about legal action, one of the main considerations is: “What can I expect to gain?” The remedies generally depend on: The nature of the claim, How much harm you suffered, The defendant’s conduct, and The court itself. Briefly, there are four types of civil relief available if your rights have been violated: […]
Intellectual Property