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Discharging a Belligerent Patient from Your Medical Practice
The Situation: A solo physician periodically encounters a patient who is belligerent and frankly rude to her staff. One particular patient disrupts the office at each visit, and it starts even before the patient arrives at the office. The staff anticipates what will happen. Most importantly, the physician does not like how the patient…
M&A Nuggets: Transparency
Suppose you are in the process of selling your business, and you are aware of an existing issue or a new issue arises that you believe could have an impact on a purchaser’s view of your company. Should you disclose the matter to the potential purchaser? The answer depends on where you are…
OK at Work: Combating the Great Resignation as an Employer
This week on OK at Work, Sarah Sawyer and Russell Berger discuss strategies for combating the Great Resignation. While many employers have increased recruiting efforts, they can truly distinguish themselves and enhance their ability to make the right choices by refining and improving interview processes (not to mention, reduce risk of failure to hire claims)….
How to Waste a Scandalous Amount of Money on Your Divorce
Divorce is Expensive When a couple gets married, especially in today’s world of Insta-famous influencers and shows like Marriage or Mortgage, Say Yes to the Dress, and Disney’s Fairytale Weddings, the cost of a wedding can easily top six (or seven) figures even before the honeymoon begins. However, after spending that kind of money, the…
The Role of Law: For Trademark Owners Abroad
The Role of Law The Role of Law is a video blog in which host Matthew D. Asbell, Esq. and his guests serve as your business ally, taking a practical perspective and helping you navigate the questions and current issues in different and intersecting legal practice areas. For Trademark Owners Abroad Join The…
Read & Share: The Rapid Evolution of Plant-Based Alternatives
Timeline: The Rapid Evolution of Plant-Based Alternatives From plant-based Chick’n Tenders to dairy-free Mylk, consumers are spoilt for choice when it comes to alternatives products on the market. With an explosion of new options hitting shelves at lightning speed and consumers growing more knowledgeable of plant-based diets, a shift towards eating less meat…
Excess Compensation and Disguised Dividends – Take Care and Beware!
Yesterday I wrote about a case involving constructive dividends. Today it is disguised dividends. The issue in Clary Hood, Inc. v. Comm.,T.C. Memo. 2022-15, was whether the salary and bonus paid to the company’s president (Mr. Hood) was excessive under IRC 162(a)(1) and was therefore a disguised dividend. Recall that compensation, if reasonable and not…
Ipads, iPhones, and Barter Transactions
From the hardly noticed case of Sherwin Community Painters, Inc. v. Commissioner, T.C. Memo. 2022-19, come some interesting tidbits. First, just the facts. Sherwin Community Painters, Inc. is a C-corporation with a single shareholder. As its name implies, Sherwin was a painting contractor. The case arose from the Service’s disallowance of certain business deductions claimed…
Burnout, Stress, and Anxiety: Mental Health at Work
The consensus is unanimous: the COVID-19 pandemic has been extremely difficult for every walk of life. Studies show that the workplace is no different – with many employees reporting extreme fatigue, burnout, and anxiety. Good mental health is a critical component of any workplace – however, the reality is many employers see it as “less…
S-Elections Gone Wrong
The IRS just released four separate Private Letter Rulings (“PLRs”) addressing the inadvertent termination of a taxpayer’s S-election. It is often said the devil is in the details, which is demonstrated aptly by these four PLRs. Fortunately for the taxpayer, in each case the Service found that the terminations were inadvertent, which means the taxpayer…
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