A dry cleaner has finally been vindicated in court by winning a defense verdict against the administrative law judge who originally filed a claim against them for $67 million.
Thanks to the WSJ Law Blog for a link to the opinion and judgment. For those interested, the award of costs to the defendant does
Over on IowaBiz.com Joe Kristan has an excellent post describing the basic tax treatment of S corporation losses. Joe says,
Bottom line? The ability to deduct business losses is a good reason for many taxpayers to use S corporations. If you expect S corporation losses, talk to your tax pro before year-end to make
Want some great business advice? Here are some of my favorites from the past week:
Tales from the Front: Getting Business From Corporate Clients by Larry Bodine on The Law Marketing Blog. This one is specific for lawyers. The post reinforces my theory that hourly rates are going away and that corporate clients
Michael Libbie had a great post on the recent 2007 Iowa Employment Values Study showing that more than anything workers want R-E-S-P-E-C-T. Being respected in the workplace is the value Iowa workers feel is most important.
But what if more employers were like Tony Dungy? A post from TechRepublic says it very well,
"Dungy
"More business decisions occur over lunch and dinner than at any other time, yet no MBA courses are given on the subject." – Peter Drucker
Networking is a key for every successful professional. A growth capitalist with Transition Capital Management in West Des Moines, Adam Steen will teach professionals at our Secrets of Successful
The Tennesse Business Litigation Blog has a post discussing the use of an ombudsman in business to prevent lawsuits.
"The ombudsman position can be a very effective tool which provides an outlet for disgruntled employees to air disputes and reinstate respect in the workplace. A large percentage of litigation, including employment litigation, is spawned
A few days ago Brian Honnold had an excellent post about the fear of lawsuits by America’s small businesses over on IowaBiz.com. The most alarming statistic? Small businesses bear 69% of the total cost of the tort system to all U.S. businesses. That’s $98 billion a year in costs. Further, six in ten
We are excited to have entrepreneur and local radio star Jim Goodman speak at the upcoming Secrets of Successful Professionals Revealed seminar. Are you routinely looking at ways to help your clients get what they want? Perhaps even outside your professional discipline? If not, you are likely missing golden opportunities to grow your business.
Jim
On her Employee Handbooks Blog Jill Pugh discusses 10 things to keep in mind if you need to fire an employee.
A no-no I see the most on the list is the desire to withhold money from the employee’s last paycheck. (See No. 5).
Employees are often issued laptops, cell phones and other technologies.
Joe Kristan, Central Iowa’s premier blogging accountant, reminds us in a recent post that LLC and corporation owners are responsible for unpaid payroll taxes. The most important take from the post:
The moral? Never, ever fail to remit your payroll taxes; if you do, don’t expect an LLC, or any other entity for that
