Timely Opportunities
Updates
Timely Opportunities
Beware Of Scams This Tax Time
In a sign of just how bad scams have gotten, the Assistant Treasurer and Minister for Financial Services, Stephen Jones, has issued a warning for Australians to beware of scams that are circulating in the lead up to tax time 2023. According to the government, the number of scam reports received to date for the […]
Business Fraud Prevention
Six Costly Mistakes to Avoid When Fraud Is Suspected
Many workplace crimes are “inside jobs.” They can involve employees stealing cash, inventory, equipment or intellectual property. Or they could include more sophisticated schemes such as bribery, kickbacks or payroll fraud. Internal fraud investigations can pose numerous challenges. Here are six costly mistakes an organization can make when faced with the possibility that one of its […]
Commercial Law
Disclaiming Responsibility in Contracts
Contracts are part of everyday business, whether it’s the minuscule print on the back of a credit card bill or an agreement to buy office furniture. With your customers, contracts can be letter agreements, or six page documents, depending on whether the deal is simple or complex. But no matter what you’re agreeing on, one […]
Timely Opportunities
Family Medical Leave Can Come in Bits and Pieces
The Family and Medical Leave Act (FMLA) is a federal law that authorizes employees to take an unpaid leave of up to 12 weeks if certain conditions are met. What many employers and employees may not know is that this leave doesn’t have to be taken all at once. It can occur under a reduced […]
Timely Opportunities
Is Holding Real Property in a Corporation a Good Idea or a Bad Idea?
Real estate can be an attractive long-term business investment. For tax reasons, you’re generally well-advised not to hold real property in a corporation. Here’s why limited liability companies (LLCs) and revocable trusts are usually better alternatives. Double Taxation: How It Works To illustrate the effects of double corporate taxation, suppose your solely owned C corporation […]
Estates
How to Wrap Up an Estate
If you’re an executor or personal representative of an estate — or even an heir — eventually you want closure on the estate. Sometimes, estate proceedings continue to be open for years with no end in sight. There are certain steps that must be taken to close the estate. This article describes the general procedures. […]
Business Law
Securities Registration: Keeping the Skies Clear
If you’ve built your business to the point where you want to raise capital in public markets, life can become both cumbersome and expensive. You may need to deal with more than 50 state and local regulatory agencies in addition to the federal Securities and Exchange Commission. That’s right, each state — as well as […]
Timely Opportunities
Best Practices in Employee Performance Reviews
It’s time for calendar-year entities to engage in midyear employee performance reviews. Love them or hate them, performance reviews can help employers improve employee productivity and boost morale. But they’re often rushed or underappreciated. Here’s how you can get more from this administrative chore. Mixed Reviews A recent Gallup poll found that only one in […]
Timely Opportunities