Employment Law
Business Fraud Prevention
Avoid Unhappy Returns
Every day, retailers across the country issue refunds to customers. The reasons range from a bad fit to the wrong color to a changed mind. The transactions are generally simple — the customers get money or a credit card refund and the store gets merchandise that it needs to resell. How the Cons Work Refund […]
Commercial Law
When a Product Must be Recalled
Let’s say one of your customers returns a product purchased from your store and complains that it is dangerous. You apologize and quickly give the customer a refund. Are you required to do anything else? Under the Consumer Product Safety Act, all items subject to a recall must be disposed of or repaired. Future versions […]
Estates
What’s Involved in Being an Estate Executor?
If you’re asked to serve as the executor of an estate, think carefully about the decision before accepting the position. Acting as an executor or administrator of an estate can involve a great deal of work, depending on assets and the complexity of the estate. For example, an estate with a large investment portfolio, property […]
Timely Opportunities
LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method
How inventory is accounted for can have a significant impact on your tax bill if your business involves the production, purchase or sale of products. In some cases — particularly during periods of high inflation and stable inventory levels — adopting the last-in, first-out (LIFO) method could significantly reduce your taxable income and boost your […]
Timely Opportunities
Tricky Tax Angles to Fringe Benefits
Competition for top-notch workers can be fierce. Your business currently may be understaffed due to a number of factors — including the “Great Resignation” and “quiet quitting” where employees do the bare minimum before eventually leaving. A proven way to help attract and retain the cream of the crop is to expand or enhance your […]
Business Law
Gain Employee Loyalty with Commuting Tax Breaks
Commuting can be a nightmare for employees. Your company can help by offering your staff members some financial relief from their commuting hassles. Employees appreciate this benefit and there’s a bonus for your company: You can save money on payroll taxes. Similar to a cafeteria plan election, staff members can have money deducted on a pre-tax […]
General Litigation
Filing and Settling a Wrongful Death Claim
Money cannot replace a loved one who dies tragically. But it may provide help for the medical bills, funeral costs and the loss of income from the person who died. If the survivors believe the death was due to the negligent, reckless or intentional actions of another person or entity, they may seek economic and […]
Timely Opportunities
Looking Ahead: 2023 Minimum Wage and Overtime Threshold Increases
In 2023, many states and localities will increase their minimum wage amounts. In some areas, the amounts paid to tipped employees may also increase and overtime salary thresholds may also change. This chart briefly details the changes that will kick in on New Year’s Day or later in 2023. For more information about your situation, […]
Timely Opportunities