Timely Opportunities
Updates
Business Fraud Prevention
Ten Steps to Help Thwart Employee Theft
There are many types of fraud committed against businesses — from workers’ compensation scams to complex corporate swindles — but one of the most common types is simply employee theft. This can occur when employees take money from a cash register, forge names or change amounts on company checks, engage in creative bookkeeping a number […]
Commercial Law
Labels Must Contain Accurate Information
Since the time of Shakespeare, people have been asking: “What’s in a name?” Two separate cases involving Smucker’s fruit spreads illustrate some of the issues involved in a product’s name. J.M. Smucker Co. was sued twice for deceptive trade practices because it named one of its products “Simply 100 Percent Fruit.” Labeling Law A law […]
Timely Opportunities
Bucking the Latest Labor Trends
The U.S. labor market remains tight, in spite of recent changes. The Bureau of Labor Statistics reported approximately 4.2 million workers quit their jobs in August 2022, unchanged from July 2022 and down just slightly from 4.3 million in June. You may have heard of the Great Resignation of older employees that’s fueling the fires. […]
Timely Opportunities
Is Self-Employment Right for You?
For some time now, the media has highlighted the so-called “Great Resignation,” where legions of people have left their former jobs. If you’re among those who’ve resigned or you’re thinking about quitting, you may be considering a shift to self-employment. Before making the leap, though, you need to consider several factors that could be pros […]
Estates
Ten Reasons to Have a Will and Estate Plan
If you already have a last will and testament, then you are among the minority of the population. Great planning! However, for those of you who do not have a will, we understand some of the reasons why you hesitate to formally plan your estate. Here are some of the reasons people cite for not […]
Business Law
Handling Corporate Shareholder Loans
Borrowing money from your corporation is a viable way to get your hands on some cash without triggering a current tax liability. Of course, the transactions must be structured as a legitimate loan, with repayment terms and all the necessary paperwork. How Below-Market Loan Rules Work When money is loaned by a corporation to a […]
Timely Opportunities
New Business Travel Per Diem Rates Announced for 2023
Recordkeeping for reimbursing business travel expenses can be cumbersome. Instead of reimbursing employees for the actual costs they incur for out-of-town lodging, meals and incidentals, some employers opt to pay fixed travel per diems. These amounts are based on IRS-approved rates that vary by locality. Here’s what you’ll need to know to determine if this […]
Timely Opportunities
Cash In on Corporate Deductions for Charitable Donations
Most people already understand the tax rules for individual charitable donations, including generous deductions that may be available to itemizers when they give cash or property to charity. But your business may also reap tax rewards for helping out a qualified charitable organization. Though the rules for business entities are similar to those for individuals, […]
General Litigation