Strategy
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How can insurance companies include preexisting conditions without a health care mandate?
If there's no mandate, and insurance companies are forced to give me affordable health care regardless of preexisting conditions, that means I only have to get health insurance when I come down with cancer. How can this work without a national mandate to buy health insurance like we have with auto …
11
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Currently an LLC - suggestions sought for equity-oriented incentive methods
My company is an LLC a few years old with a few founders as members. We want to incent additional key employees who joined the company in recent years with an equity-oriented structure. We've considered profits interests, but admitting these key people as members means divulging the specific holdin…
8
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Electronic Receipts
Curious does anyone have any updated guidance on electronic receipts. We implemented AMEX's full suite of tools and I would like to eliminate all receipts, including attaching those over $25. I understand that the IRS is becoming more friendly about using online embedded receipt details since they …
7
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Getting ERISA Compliant
How does your company ensure they are ERISA compliant? Did you hire a consultant, join a group, or do your own research?
2
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So you caught an employee in a major fraud
What do you do: Handle it in-house OR call law enforcement. Why did you choose your route?
34
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Supplier Actions that Lose Business
As this is becoming the "age of the customer" with recurring revenue models and subscription-based products and services transform the global economy, I wanted to start a discussion from a customer perspective of actions that suppliers take that have caused thenm to lose (or fail to earn) your busi…
5
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Outsourcing Environmental Managment Activities...
Hello members, I am looking for articles or insights into outsourcing of environmental management activities. Examples of Environmental management activities are compliance with environmental regulation, treatment of polluting effluents, waste disposal, minimization of use of non-renewable resource…
1
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Accounting and Finance Daily Work Plans
I need to prepare for a meeting with several non-finance colleagues of mine where each of us will present our daily work requirements / work plans. In my experience, these meetings are held to shed light on what we do and how we do it. My original idea was to present a monthly and quarterly task l…
3
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Intercompany loans between Corp & LLC
I have a client that is wanting to loan money from his Corp to his LLC. Does this have to be an interest bearing loan? What would the tax implications be on this transaction? Both companies are US based.
1
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Can the facts of a legal case be made public without fear of claims of defamation by the Defendant?
In ongoing litigation, the Defendant is being sued for alleged conversion, profiteering and other charges after using investor money for personal gain. To date, the case has yet to be resolved but the Defendant continues to raise business funds. Can the public be informed of this individual's pendi…
3
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Can someone please help to answer me? Product rebates
Paragraph 7 of EITF 01-9 states that: "it does not address the accounting for an offer to a customer, in connection with a current revenue transaction, for free or discounted products or services from the vendor that is redeemable by the customer at a future date without a further exchange transac…
5
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Inside Sales people - Non Exempt employees- really?
Does anyone have a creative and legal idea how to defeat the rules around that force inside sales people to be non exempt? I can't believe that i have to treat senior inside sales guys that spend most of their time calling on enterprises, rarely going out, but don't hit their target and so commis…
2
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Sales Tax Issue
I have over 20 years solid sales tax experience in manufacturing. Prior to my working with my employer of two year, a sales audit occurred and it is my understanding the auditor told them that non-returnable pallets were taxable. The company accepted this explanation and began passing on this addit…
5
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Calculating LLC Distributions
I want to distribute excess cash to members. In each of the last 7 years our LLC was profitable and has distributed 40% of net income to each owner by ownership % as tax coverage. Now I have undistributed retained earnings for each shareholder for each year of operations per changing ownership shar…
7
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GEBiz Eprocurement Security & Privacy Concerns
We are currently bidding on a project in Singapore and have been asked to register with their e-Procurement portal GeBIZ. The initial registration process required that a company officer provide their passport number on the registration form. We are now being asked to provide a copy of the passport…
2
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5 Things Elite Customer Service Teams Never Do
This is the title of an interesting article appear on Inc Magazine's website (Inc.com). It elicits a visceral response from myself because I am a firm believer in excellent customer service (CS). Poor or mediocre CS wants me to look elsewhere for service. Yesterday I went out to brunch with my wife…
7
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Investor receives debt security with detachable warrants in exchange for assets
In exchange for assets sold (FMV of 800K), we accepted a note receivable with detachable warrants. Notes mature in 3 years, 0% interest and are automatically convertible to preferred shares of a private company equivalent to the face value of $1M, with a maturity term of 3 years. Along with the not…
1
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Workers Comp Class Codes
Hi Everyone, I just thought of this today after going thru workers comp audit. The Controller is put under "Clerical Office Employees" which is WC code 8810-02. Is this correct? Please advise. If not, what would happen if the change is propose? Thank you in advance.
6
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Can anyone recommend a good commercial real estate management software?
Can anyone recommend a good commercial real estate leasing and property management software? I have recently begun working for a group of family-owned LLCs that lease and sell dozens of commercial properties, but no records are kept on a software system. I need to have data available at my fingert…
7
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UPTS Scam
Has anyone else received an invoice from UPTS, for registration of the International Trademark? I searched the web and saw that this is a common scam. I think this is the second time this alleged firm has attempted to obtain payments.
1
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Business Structure: S Corp vs C Corp or LLC?
I'm working with a friend of mine on setting up a business that runs fitness bootcamps. He's been running it for a couple of years as sole proprietorship, but now wants to incorporate. Can someone remind me again what the differences between LLC, S-Corp, and C-Corp are and make a suggestion as to…
3
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IRR or NPV question
Need to calculate the expected returns or loss and IRR for a pending legal action. Trying to determine how to calculate risks and returns based on go-no-go decisions at certain points and the overall returns if different outcomes happen, i.e. settle for $XX, win $$, lose and just have $XX expenses,…
2
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If an LLC does not file its K-1 information return, can the IRS penalty flow up to the Members?
In every LLC partnership document I have reviewed, the maximum loss to a Member is their capital contribution. But if the IRS assesses a non-filing penalty to a defunct LLC, are the members liable?
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