Is Your Workplace Toxic?
Business owners can easily get so caught up in leading their organization that they lose sight of what's going with other employees. Sometimes there is frustration and dysfunction among lower level employees, but the owner only hears upbeat reports. Managers might be...
Court Dismisses Tribe’s Case Seeking Exemption from ACA Penalties
The United States District Court for the District of Wyoming dismissed a lawsuit seeking to declare Indian tribes exempt from employer penalties under the Affordable Care Act's (ACA's) shared responsibility provisions. The tribe argued that Congress didn't intend to...
Beware of Deviating From Objective Standards in Lost Profits Calculation
Russell v. Allianze Life Insurance Co. of North America, 2015 U.S. Dist. LEXIS 1946 (Jan. 8, 2015) “Trust, but verify,” is a motto that has stood politicians in good stead. Valuators should take it to heart as well, as illustrated by a Daubert case in which an...
Need Help With Bookkeeping Tasks?
Many small business owners feel buried in paperwork. Running a small business requires a certain amount of commitment that only the owner is able to tackle. But this means that there is a mountain of paperwork that comes with the territory. Among other things, the...
Reduce the Threat of Identity Theft from Payroll Records at Your Business
Small businesses have to maintain payroll for their employees. This means that business owners cannot avoid collecting and maintaining personal information about their employees, both current and former. For long established business, it’s possible that there are...
Make Moves Now to Lower Taxes
There are some tax breaks out there that may be available to small business owners. However, business owners may only qualify if their adjusted gross income is under a certain amount. If a small business owners could qualify, but their income was a little too high,...
Asset Approach Avoids Double Counting of Future Earnings
In re Mauer, 2015 Iowa App. LEXIS 172 (Feb. 25, 2015) Double counting remains a preoccupation for divorce courts across all jurisdictions. Recently, the Iowa Court of Appeals affirmed the trial court’s decision to circumvent the problem by endorsing one expert’s use...
Admissibility Does Not Depend on Personal Knowledge of Facts
American Eagle Waste Industries, LLC v. St. Louis County, 2015 Mo. App. LEXIS 168 (Feb. 24, 2015) The latest dispute in the long-running litigation between several garbage disposal companies and a Missouri county focused on the trial court’s damages findings. The...
Reliable Experts Are Independent Experts
A financial expert witness builds on a solid foundation constructed by a reputable source to reach a reliable conclusion. At times, multiple sources are used to reach a conclusion, and these are the assumptions and sources underlying the expert's opinion. However, in...
Business Valuations Are Not Commodities
Privately-held Maine business owners might need appraisals of their interests for many reasons, including: Small business loans, Strategic planning, Mergers, acquisitions and shareholder buy-ins (or buy-outs), Equitable distributions of marital estates, Minority...