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November 2018 Archives

Year-end tax tips to business owners

Most businesses have already familiarized themselves with the change in tax laws, whether it is in preparation for closing out the books for 2018 or paying quarterly taxes. Nevertheless, experts point out that there are some adjustments that can still be legally applied to reduce a business owner’s tax burden this year.

Debunking excuses for failed drug tests

Drug testing is important to some employers, particularly if they have staff operating dangerous machinery or workers have access to sensitive information. It can also throw a wrench in the candidacy a promising hire. There are common excuses why someone fails a drug test, including using prescribed medication. However, drug testing and background screening firm provides some insightful tips regarding drug-testing myths.

The gender gap in the 2018 workplace

The #MeToo movement has impacted the prospects of businesses, arts organizations, government institutions, schools and everywhere else. One thing they all have in common is that women have come forward to share painful and inappropriate behavior of men (although a few women have been named as well).

The tax reforms impact on small business’ accounting

It has been nearly one year since President Trump signed the Tax Cuts and Jobs Act. Back then, we initially discussed a couple of major points of how the new law would small businesses, which include the lowering of corporate taxes and a new deduction for pass through businesses. However, more has become clear since then, with the IRS providing guidelines and analysis of the matter, particularly in regards to the cash method of accounting.

Picking the right name for your business

There are hundreds of important decisions that go into starting a successful business. While having a great idea and a reasonable amount of funding are crucial, picking the right name for a business is more important than some may think.

Selecting the best business insurance for your company

Though you hope not to use it, proper business insurance can provide a peace of mind by covering your company in certain negative situations. In some cases, insurance can provide the saving grace to keep a business from going under. Therefore, it is important to have the right policy in place to cover a multitude of business disputes and issues.

What is a founder agreement?

New companies are often launched in a dorm room or created over drinks with friends or colleagues. Perhaps one person had the concept, but it took bouncing problems off of someone else to come up with workable solutions. This subsequently led to a new company where they are partners. Despite this casual setting for the birth of the new endeavor, it is a good idea to get an agreement of ownership in writing at some point early in the process.

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Robert Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the May issue of The American Lawyer & Corporate Counsel magazine.Alex Kaufman has been selected as a 2013 Top Rated Lawyer in ‘Commercial Litigation’ as will be published in the December issue of The American Lawyer & Corporate Counsel magazine.

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