The Case of Congressman Fortenberry

Representing Individuals in Federal Investigations is not for Amateurs: The Case of Congressman Fortenberry By Dennis E. Boyle I recently came across a commentary about Jeff Fortenberry, a Republican Congressman from Nebraska who is charged with making a false statement to FBI agents concerning the source of campaign contributions he received.  The thrust of the commentary was that the […]

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Receivables May Offer Relief When Cash Is Tight

Many companies are experiencing a buildup of accounts receivable on their balance sheets as customers — especially large corporate buyers — are stretching out their payment terms. While these bills may eventually be paid, delays are causing a cash flow crunch across many supply chains. Recent Study The CFO/The Hackett Group 2021 Working Capital Scorecard provides […]

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Tips for Purchasing a New or Used Vehicle

The limited supply of new and used vehicles, along with other economic factors, has driven up prices in the auto market. The average price of new cars increased by 13% for the year ending November 30, 2021, according to auto industry survey sources. Kelley Blue Book reports that the biggest jumps in new car prices were seen among […]

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Identity Theft in the PPP Loan Program

According to a recent article in the New York Times, as much as 15% of the money allotted to the Paycheck Protection Program (PPP) has been lost to fraud.  While the methodology used to determine this loss is suspect, we should assume that the amount lost to fraud from the program is staggering.  Often times, when massive […]

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To Franchise or Not to Franchise?

When you consider going into business for yourself, you have three basic choices: start from scratch, buy an existing business, or look for opportunities as a franchise. More than 2,700 franchise businesses exist in the U.S., covering every conceivable industry, from such well-known brands as McDonald’s to smaller local opportunities. So there’s plenty of opportunity if […]

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Contesting a Will Is No Easy Feat

When it comes to executing a will, many people worry unnecessarily that their wills might be contested. In fact, wills are seldom contested and even when they are, challenges rarely succeed. One of the most difficult claims is that the decedent had been unduly influenced, or pressured, by someone with a vested interest in the […]

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Let’s Review the Tax Implications of Investing in Mutual Funds

Mutual funds are an attractive investment option, especially for people who are looking for a low-maintenance, long-term way to participate in the securities markets. These funds are managed by professionals who should be well-qualified to judge which securities are attractive bets. Mutual funds also make it easier to maintain a diversified portfolio, which can reduce risk […]

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Important Tax Figures for 2022

The following table provides some important federal tax information for 2022, as compared with 2021. Some of the dollar amounts are unchanged and some changed only slightly due to inflation. Social Security/ Medicare 2022 2021 Social Security Tax Wage Base $147,000 $142,800 Medicare Tax Wage Base No limit No limit Employee portion of Social Security 6.2% […]

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Who Makes Decisions on What Your Company Should Patent?

Let’s say one of your employees comes to you with an idea for a new product. After some in-depth research and consultation with your company’s corporate technology experts, you decide to sink some cash into development. What’s the next step? Before you crank up the marketing machine, your company wants to be satisfied that the new […]

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Watch the Language in Employee Handbooks

Your company needs an employee handbook or personnel manual to ensure that everyone understands the policies, procedures and rules. But if the handbook is improperly drawn, it can create a binding obligation that could prompt litigation. When you are crafting your company’s employee documents, keep in mind that you don’t want them to be interpreted as an […]

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2021 Fraud Review: Watch Out for These Financial Scams

Today, many people and small businesses are operating in survival mode. In addition to managing the effects of the pandemic, they’re now struggling with skyrocketing inflation and other financial concerns. In November, the consumer price index (CPI) was up 6.8% over the prior year, the highest year-over-year increase since June 1982. The largest contributors include gasoline, […]

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Feast on Bigger Tax Deductions for Business Meals

Uncle Sam is helping to pick up the tab for certain business meals in 2021 and 2022. Under a provision in the Consolidated Appropriations Act (CAA), the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants for the 2021 and 2022 tax years. So, […]

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