By nature, most people avoid planning for crisis situations. After all, there is so much to do in the here and now without trying to second guess the future. Business leaders are no exception when it comes to the often thankless task of crisis planning. Unfortunately, disaster can strike any company, at any time. Even more difficult than […]

Would you use a complicated discounted cash flow analysis to estimate the value of a mom-and-pop restaurant? How about using a price-to-earnings multiple derived from publicly traded restaurant chains? Neither method seems appropriate for a small family-operated eatery. As this example illustrates, traditional valuation models don’t necessarily work for small businesses and professional practices. Instead, […]

It’s bad enough when borrowers can’t pay off amounts owed to commercial creditors such as banks and other financial institutions. But people can find themselves in really hot water if they owe the IRS money. The IRS assesses a tax liability.What could happen? The IRS can establish a legal claim to a person’s property, including […]

Now that fall has begun, it’s time to start your year-end tax planning for 2015 — and to tie up loose ends that remain from the 2014 tax season. Here are some reminders that the IRS has sent out recently and related federal income tax-savings opportunities for individuals and businesses. October 15 Extension Reminder About […]

With the recent rise in the use of staffing agencies, the National Labor Relations Board (NLRB) has sought to redefine the relationship between the employees of such an agency and the agency’s client. To do that, the NLRB had to broaden the legal test that makes a worker a “joint employee” of both the agency […]

The federal government is always on the lookout for businesses that improperly classify workers as independent contractors rather than employees. But the heat was recently turned up even more. The issue of worker classification has many tax and benefit implications. And it continues to be problematic for employers. Your Responsibilities If a worker is an […]