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Read & Share: The Costliest Types of Cyber Crime
This content has been archived. It may no longer be relevantThe Costliest Types of Cyber Crime According to a report released by the FBI yesterday, losses to cyber crime increased significantly in 2021. The losses – which are located mainly in the U.S. but were collected around the world – are estimated at…
Poorly Drafted Change Order Provisions Can Lead to Significant Disputes Between Owners and Contractors
Change orders maintain order in the construction business by requiring the parties to provide prior written notice of any claims to increase/decrease the scope or work and contract price. If the owner agrees with the claim described in the prior written notice, a written change order will be issued and signed by both parties that…
Why Staying Together For The Kids Is A Bad Idea
When a marriage becomes so unhappy that the parents no longer desire to be married, it can be tough to decide what to do. While not as common as it once was, many couples admit that they stay together just for the sake of the kids, believing that putting their children through a divorce situation…
OK at Work: The Legalization of Marijuana and What Employers Need to Consider
This week on OK at Work, Sarah Sawyer and Russell Berger discuss changing marijuana laws and what businesses need to consider as more states, including Maryland, move toward full legalization. While many states are legalizing marijuana for medical and/or recreational use, marijuana use is still illegal at the federal level. As such, employers who are…
Subchapter V Corner
The $7,500,000 debt ceiling for Subchapter V filings ended in the spring of 2022. With the enactment of Subchapter V of Chapter 11 (Sub V) of the Bankruptcy Code, viable small and medium-sized businesses have a more cost-efficient restructuring mechanism. Who is eligible? – Businesses and individuals engaged in commercial or business activities with no…
Read & Share: Ditching the Switch? U.S. States Rebel Against Time Change
Ditching the Switch? U.S. States Rebel Against Time Change The switch over to daylight savings time that the U.S. went through on Sunday might have been one of the last ones if a bill passed in the Senate is to be adopted. The upper chamber of the United States Congress on Tuesday unanimously…
How the Ukrainian Invasion Could Impact U.S.-Based Employees
Russia’s recent invasion of Ukraine—and the related sanctions against Russia— impacts your company’s U.S. employees. How, you ask? First, I don’t need to belabor this point, but limiting Ukrainian and Russian trade puts stress on supply chains, leading to additional U.S. food and other shortages and adding fuel to the inflation fire. Employers might have…
Schedule K-2 and K-3 Reporting
Schedules K‐2 (Partners’ Distributive Share Items – International) and K‐3 (Partner’s Share of Income, Deductions, Credits, etc. – International) are new Service‐issued forms first required for taxable year 2021. Schedules K‐2 and K‐3 are intended as a “formalization” of existing reporting requirements that originally were done through less focused/clear methods (i.e., white paper explanations). However,…
5 Classy Secrets That Divorce Success Stories Have in Common
When a couple decides to get a divorce, it is usually a difficult decision. No one goes into it lightly; it is always a last resort when all other attempts to save the marriage have failed. It can be especially tough on the children, who may feel like they are losing both parents at the…
Trademark Law v. The First Amendment – the Saga Continues
In recent years, the US Supreme Court found that two provisions of the US trademark law that date back to the 1940s were unconstitutional because they violated the free speech provisions of the First Amendment. In Matal v. Tam, it was the law prohibiting registration of disparaging trademarks, and in In re Brunetti, it was…
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