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...
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California remains an attractive destination for entrepreneurs
For decades, California has been the home or future home of some of the sharpest minds and ambitious people eager to exploit creative ideas with every intent to launch a successful business. The presence of so many successful small businesses in California proves how...
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...
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...
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...
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...
Accountants: There are times to refer your client to an attorney
The duties and responsibilities of accountants and business law attorneys often overlap. Sometimes, the lines become so blurred that it’s difficult to see when professional legal help may be necessary. If there is ever any question concerning whether to involve...
Business lawsuits can ruin your bottom line and reputation
Building a solid reputation for your business is crucial for a company to survive and stay competitive in your industry. The trust that you build with customers and vendors will not only affect the way the public views your company, but also your company's bottom...
New federal overtime rules, part one
The Final Overtime Rule, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales and Computer Employees is set to take effect, leaving many executives and employers wondering how it will impact their current business...
New federal overtime rules, part 2
The recent changes in the Federal Overtime Rule have not only raised the salaries of many non-exempt (paid hourly) but also have changed the rules for overtime payments as well. Under the new rules, any employee who does not qualify for as exempt from overtime rules...