Day: June 16, 2021

finance

CPAs and financial planners shouldn’t offer legal advice

Oftentimes, tax and financial issues can intersect with legal issues. It can be tempting for accountants and financial planners to field legal questions in an effort to better meet the needs of their clients. However, doing so may cross the line into providing legal advice. Unless the person giving the advice is a licensed attorney, …

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Accountants, financial planners and lawyers should work together

The responsibilities of accountants, financial planners and lawyers often overlap. When these parties work together, the results can be harmonious. You can rest assured that you’re receiving thorough, well-researched advice concerning your tax, financial and legal affairs. However, if these parties aren’t communicating, you or your business could suffer. Overlooked tax implications or issues with …

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CPAs, financial advisors, attorneys: Build a professional network

When it comes to providing professional services to your clients, who you know can be just as important as what you know. Being able to refer your client to an attorney who can help answer a legal question, an accountant who can address a tax problem, or to a financial advisor who can provide knowledgeable …

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Mergers and acquisitions: Have you considered everything?

It all comes down to improving your company – and your profits. After all, this is what business is about and this is what you and your stockholders expect from an acquisition: a stronger company and more investment return. Without careful valuation of a target company, however, your company may lose in the end. Stock …

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Businessman and business woman at business meeting.

Business migration: analysis and perspective

Businesses in California are overwhelmed with employee lawsuits, excessive regulatory constraints, and taxation. The tax concern hits at every level-income tax, sales tax, property tax, fuel tax, personal property tax, and a host of others. The income tax burden hits not just the business but personally as well. Due to unfunded public employee pensions and …

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Las Vegas

Nevada asset protection: Nevada protects the attorney-client privilege

Nevada once again displays why it is one of the top asset protection jurisdictions. In a recent case, the Nevada Supreme Court soundly protected communications between an attorney and client. Specifically, the Court has addressed and firmly protected communications between trustees and attorneys. The protection of communications between lawyers and clients has been unquestionably sacred …

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Do you have a succession plan for your closely held business?

When you’ve made your business your life’s work, it can be hard to envision a time where you may no longer be involved in running your company. However, both foreseen and unforeseen events can quickly turn a business upside down. Establishing a solid succession plan can help ease the transition and minimize any impact a …

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Avoid the High Cost of Employee Lawsuits

Currently, lawsuits against California employers, whether they are justified or not, continue to expand. We are currently defending multiple California Private Attorneys General Act (“PAGA”) lawsuits for our business clients. These types of lawsuits can be very costly as they can include claims for meals, rest breaks and piece-rate pay issues. In one of our …

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How to Create an Enforceable Non-Compete Agreement

For a variety of reasons, many of our business clients desire to enter into non-compete agreements with specified individuals. In general, non-compete agreements are void in California. As stated in Business & Professions Code Section 16600, “every contract by which anyone is restrained from engaging in a lawful profession, trade, or business of any kind …

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