In a closely watched case, Christopher v. SmithKline Beecham Corp., the U.S. Supreme Court ruled on the claim of two former pharmaceutical sales representatives, backed by the Department of Labor (DOL), who believed they were owed overtime pay. On June 18, the nine Supreme Court Justices voted 5 to 4 to reject that claim....
Read more →Some studies show that women and men differ considerably in their approaches to investing. Fortunately, some of those differences are to women’s advantage — some research shows that women are actually better investors than men. Unfortunately, other differences can be detrimental to their portfolios. So whether you’re a woman or an important man in...
Read more →Allowing employees to work from home - telework – can provide significant benefits for employers and employees. It can improve morale, reduce real estate and facility costs — and even reduce traffic congestion and make the environment cleaner. However, when the appropriate oversight is lacking, fraud and abuse can result and wipe out many, if...
Read more →The IRS recently issued guidance on the new $2,500 limit on contributions to flexible spending accounts (FSAs) used to pay for healthcare expenses. The $2,500 limit, which becomes effective on January 1, 2013, was included in the Patient Protection and Affordable Care Act of 2010 (PPACA). The U.S. Supreme Court upheld the constitutionality of the PPACA on Thursday,...
Read more →On June 28, the Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act of 2010. Numerous tax changes are included in the law. Some have already gone into effect and others are scheduled to kick in over the next several years. This chart briefly summarizes some of the most important...
Read more →By now, you’ve heard of the decision of the Supreme Court to affirm in part and reverse in part appellate court rulings on the healthcare law. Supreme Court Case Background and Facts Twenty-six States, several individuals, and the National Federation of Independent Business brought suit in Federal District Court, challenging the constitutionality of the...
Read more →It can be a hard choice to make, but successful companies often have to make strategic decisions to “fix it or exit.” In other words, every element of a business must earn its keep, be fixed or let go. Companies must have a growth and profitability mentality that prompts them to maintain their winning...
Read more →The ups and downs of the economy have resulted in many companies seeking a fresh start under Chapter 11 bankruptcy proceedings. This route, taken by Kmart, Enron and WorldCom, can help businesses that feel they could be profitable if they could get some relief from their debts. Generally, filing Chapter 11 is done voluntarily...
Read more →Restrictions Can Be a Tough Hurdle to Clear Losses can be used, within certain limits, to offset other highly-taxed income, such as salary from a job. However, in general, losses from “passive” activities can only be used to offset income from other passive activities. Any excess passive loss is suspended and must be carried...
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