MBA News

National Small Business Week runs from May 1 through May 8. More than half of Americans either own or work for a small business, and these entities create about two out of every three jobs in the United States each year, according to the U.S. Small Business Administration.... Continue Reading

When the Equal Employment Opportunity Commission (EEOC) settles a case involving gender-based pay discrimination, they routinely publicize the results. A recent case highlighted by the EEOC (EEOC v. Gilbert Foods, a food service distributor) was brought by a seasoned female... Continue Reading

Now that the April 18 income tax filing deadline has passed, it may be tempting to set aside any thought of taxes until year end is approaching. But don’t succumb. For maximum tax savings, now is the time to start tax planning for 2016. More opportunities A tremendous number of... Continue Reading

Increasing client pricing pressure, new competition from nontraditional providers and soft demand for litigation services: These are just a few of the many challenges today’s law firms must contend with. Yet many firms are doing little to adapt to — let alone anticipate — what... Continue Reading

Roughly half the U.S. population lives in areas where government entities must incorporate “ban-the-box” policies into their hiring practices. The “box” refers to the empty square on a job application next to the question that begins, “Have you ever... Continue Reading

The major U.S. card companies — including Visa, MasterCard, Discover and American Express — voluntarily imposed a shift of liability for counterfeit “card present” transactions that went into effect for most merchants on October 1, 2015. (Gas stations with automated... Continue Reading

Maybe it’s a good thing that the April 15th federal tax deadline coincides with the urge to spring clean. It feels good to throw out some of the financial records stuffing your filing cabinets. But before you head for the dumpster, make sure you’re not disposing of... Continue Reading

The short answer is: none. You need to hold on to all of your 2015 tax records for now. But this is a great time to take a look at your records for previous tax years and determine what you can purge. The 3-year rule At minimum, keep tax records for as long as the IRS has the... Continue Reading

The question of reasonable compensation is frequently debated in shareholder disputes, divorces and IRS audits. Owners’ compensation is a discretionary expense that controlling owners can alter. It can vary significantly from company to company depending on many factors,... Continue Reading