Advisories
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Mifflinburg Telegraph, Inc. v. Criswell - Which is Appropriate: Lost Profits or Lost Business Value?
The U.S. District Court for the Middle District of Pennsylvania recently awarded damages for various business torts committed against a print shop by two former employees and the competing business they started. A key question was whether lost profit ...
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An Appraisal of Your Borrower’s Collateral Can Be Invaluable
The market value of any asset may obviously change over time. This includes the value of a business’s real estate and equipment, among other items. So why would you accept the value of assets your borrowers pledge as loan collateral as given †...
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Supreme Court Decision in Wayfair Affects Online Sellers
If your company makes sales to out-of-state buyers, do you need to collect state sales tax? Until recently, Supreme Court decisions from the 20th century declared that would not necessarily be the case. Example 1: ABC Corp., based in Alabama, sends a ...
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IRS Says Certain Moving Expense Reimbursements Are Still Tax-Free
The Tax Cuts and Jobs Act (the Act) has brought with it many changes that impact taxpayers. One of these is the treatment of moving expenses. Under the Act, work-related moving expenses incurred in 2018 will no longer be deductible, and employer reim ...
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Meals and Entertainment Expenses Dramatically Changed Under New Tax Law
*NOTE: This Alert has been updated with new guidance that was provided by the IRS Oct. 3, 2018 On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act. There are many changes under the new law that impact businesses. One in pa ...
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IRS Issues New Proposal That Could End SALT Cap Workarounds
The Tax Cuts and Jobs Act (The Act) has brought with it many changes that impact business owners, individuals, and, in particular, high income taxpayers. One of the changes brought about by The Act was a cap that was placed on the state and local tax ...
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At Your Own Risk: The Pitfalls of DIY Estate Planning
There’s no law that says you can’t prepare your own estate plan. And with an abundance of online services that automate the creation of wills and other documents, it’s easy to do. But unless your estate is small and your plan is exc ...
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Does Your Business Need An ERP Upgrade?
Technology is changing at a rapid pace. Companies are doing everything possible pulling out all the stops to stay ahead of the competition, which is why many have upgraded to a more functional, scalable ERP system. But before you make that vital deci ...
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5 Steps to Calculate Lost Future Earnings
From personal injury to wrongful termination, there are many reasons an individual might seek to recover lost earnings. However, this is no simple matter — in fact, the level of analysis can be just as complicated as estimating lost profits for a b ...
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Is a Significant Portion of Your Wealth Concentrated in a Single Stock?
Estate planning and investment risk management go hand in hand. After all, an estate plan is effective only if you have some wealth to transfer to the next generation. One of the best ways to reduce your investment risk is to diversify your holdings. ...
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