Revenue Recognition
April 02, 2014
When is a sale a sale? This question is much more than semantics or a deep philosophical debate that college accounting majors have over a nice cold keg of Mountain Dew. Many an executive or business owner has gone to jail over this issue.
12 Tips to Enhance Your Firm's Partner Compensation System
April 02, 2014
There are numerous characteristics that account for compensation systems that are perceived by partners as being fair and equitable. These include the system itself and how the system is administered. Below is a list of compensation criteria that are considered by most firms when setting partner compensation.
Tax Court Imposes New Limitation on IRA Rollovers
April 02, 2014
In <i>Bobrow v. Commissioner</i>, U.S. Tax Court Judge Joseph Nega surprisingly ruled that Internal Revenue Code (IRC) Section 408(d)(3)(B), which allows one tax-free 60-day rollover per year, applies to all of a taxpayer's IRAs, rather than to each IRA separately.
Corporations' 'Seismic Shift' to Private Exchanges
April 02, 2014
The first quarter of 2014 is over. The major provisions of the Affordable Care Act are now in full swing, save the occasional delay of certain mandates. Companies, both large and small, understand that this law is now a fixture of our legislative structure. It will be amended, tugged at, pulled at, changed, expanded, and contracted. The private marketplace plays a crucial role in the development of the law, as well as the resulting impact on employers.
Preparing for the Affordable Care Act Employer Mandate
March 27, 2014
As of Jan. 1, 2015, the Patient Protection and Affordable Care Act begins to impose certain health coverage requirements on employers who have at least 50 employees. Even though its implications are almost a year away, it is not too soon for employers to prepare for the Employer Mandate. Employers would be wise to figure out if the mandate applies to them, understand the potential penalties that can be imposed on them and, taking into account all of the various considerations, decide if they want to pay or play.
Looking Before You Leap in International Investigations
March 25, 2014
International investigations are now commonplace for many white-collar criminal defense lawyers and, very often, these investigations will implicate foreign data privacy regimes, both entrenched and emerging.
Supreme Court Hears Challenge to Fraud-on-the-Market Presumption in Securities Fraud Litigation
March 24, 2014
Although a shareholder cause of action for fraud on the market is a civil claim, it is one that often follows criminal claims brought against a corporation and/or its officers or employees. Therefore, the outcome in the U.S. Supreme Court case, <I>Halliburton v. Erica P. John Fund</I>, discussed herein, should be of interest to attorneys concentrating their practices in the field of business crimes.