Court Rejects Creditor’s Objection to Discharge Based on Debtor’s Alleged Concealment of Client List from Accounting Business Client
Case digest The case implicates section 727 of the U.S. Bankruptcy Code, which concerns a Chapter 7 debtor’s request for discharge. Objections to discharge are challenging to prove because the denial of discharge is the “death penalty” in bankruptcy. The objector has...
The Outlook Is Improving for Women in Manufacturing
Despite inroads made in recent years, women still face an uphill battle in breaking through the glass ceiling of the manufacturing sector. According to the U.S. Bureau of Labor Statistics, females represent 47% of the entire workforce and 52% of all professionals and...
Why Cost Codes Are Critical to Construction Business Success
No matter the size of your construction business, cost codes are essential for tracking where and how you incur project costs. Although a job's overall cost will tell you what was spent and how much was made, it won't tell you why you spent the money or earned that...
Year-End Tax Planning Tips for Small Businesses
You may still have time to significantly reduce this year's business federal income tax bill even with all the uncertainty about proposed tax law changes. Congress is currently considering some tax changes. Here are five possible moves to consider — but stay tuned for...
Spotlight on SPACs
Special purpose acquisition companies (SPACs) provide an alternate route for start-ups to access public markets instead of initial public offerings (IPOs). Roughly 200 SPACs debuted in 2020, drumming up close to $64 billion in funds. In 2020, there was as much capital...
Consider a New Approach to Meeting Your Business Real Estate Need
Where your business is located and how you use the commercial space you have can mean the difference between thriving and just limping along — or worse. That fact was brought home for many business owners during the COVID-19 pandemic when lease payments became an...
Tax Court Allows for ‘Slight’ Discount for Lack of Control for Majority Interests in Real Estate Holding
Companies Estate of Warne v. Commissioner In a gift and estate tax dispute, the estate and Internal Revenue Service agreed to apply discounts for lack of control and marketability to the majority interests in several real estate holding companies. The U.S. Tax Court...
Ryan Trust v. Ryan In a bitter buyout dispute involving a thriving private family business and featuring two veteran appraisers, the NebraskaSupreme Court recently affirmed the district court’s decision to unreservedly credit the valuation testimony of the expert for...
Labor Shortage: Unlock Solutions by Evaluating Your Employment Value Proposition
In normal market conditions, people who've been unemployed due to an economic slump are generally eager to take a job when the economy perks up. But times are far from normal in many places and industries. One of the most pressing concerns employers face today is...
As the Economy Warms Up, Will You Be Ready?
Preparing for a surge in demand for your business's products and services doesn't mean you have to go out on a financial limb. Depending on your industry, local weather may weigh heavily into your plans, especially if the weather you're experiencing is unreasonable....