ThomsonReuters

APRIL 1, 2021

Torres v. Starbucks Corp., 2021 WL 964219 (M.D. Fla. 2021). An employee and another employee’s spouse sued the employer in this case in a proposed class action lawsuit, seeking damages and an injunction because the employer provided them deficient COBRA election notices. The employer filed a motion to compel arbitration, arguing that the lawsuit violated agreements that required individual arbitration of claims arising from the employer’s group health plan.

Compliance 98

Compliance 98

Quantive

APRIL 1, 2021

We get it, it’s daunting. Especially if it’s your first time getting a business valuation. With a quick search on Google, you can probably figure out how to get one. However, the even bigger question Google fails to answer is – What does the process look like? Quantive answers this question by running a tight valuation process to ensure a high-quality result.

Business Valuation 52

Business Valuation Appraisal 52

Appraisal Rights

MARCH 30, 2021

Given the rapid developments in the cannabis space — with 15 states having now legalized recreational marijuana and 21 states allowing medicinal use — approaches to the valuation of cannabis companies continues to evolve. In this new piece by EisnerAmper , the firm makes the case for utilizing any combination of an Asset Approach, Income Approach or Market Approach to valuing a marijuana business while bearing in mind a litany of tax and regulatory considerations.

Business Valuation 52

Business Valuation Marketability 52

Cooley M&A

MARCH 30, 2021

Axios + Cooley hosted a virtual event on new deal-making in tech M&A. We discussed the future of the market and how innovative teams are getting things done. Axios Technology & Business Reporter Kia Kokalitcheva and Business Editor Dan Primack hosted conversations with: Stewart Butterfield – Co-founder & CEO, Slack Sean Dempsey – Founding Partner, Merus Capital + Former Principal of Corporate Development, Google Salman Ullah – Founding Partner, Merus Capital + Former Vice President o

Technology 52

Technology Marketability 52

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

ThomsonReuters

MARCH 29, 2021

If tax and accounting professionals have learned anything from the past year of the COVID-19 pandemic, it’s that our new ways of communicating are not going away anytime soon. What can your firm do to ensure that its virtual presence is keeping up with the new normal? In this episode of Pulse of Practice, “ Virtual Presence ”, Paul Miller, CPA from Business by Design , and I discuss the best practices for improving your firm’s virtual presence, so you can guarantee professionalism even while wor

Start-ups 98

Start-ups Technology 98

The Mentor Group

APRIL 1, 2021

The intellectual property called Right of Publicity (RP), is also known as “Name and Likeness” “Persona,” and “Personality Rights.” Any and all of these terms encompass the right of an individual to control the commercial use of his name, image, likeness, or any aspect of one’s identity. Usually considered a property right, it can survive one’s death, depending upon the jurisdiction.

Marketability 40

Marketability 40

ThomsonReuters

APRIL 1, 2021

QUESTION: One of our employees just lost her coverage under our dental plan when she went from full-time to part-time. Can she pay her COBRA premiums on a pre-tax basis through our cafeteria plan? ANSWER: Assuming she is still eligible to participate in the cafeteria plan as a part-time employee, your employee can pay COBRA premiums on a pre-tax basis.

Compliance 95

Compliance 95

ThomsonReuters

APRIL 1, 2021

IRS Notice 2021-21 (Mar. 29, 2021); IRS News Release IR-2021-67 (Mar. 29, 2021). Notice. News Release. In response to the continuing COVID-19 emergency, the IRS has offered deadline relief for 2020 federal income tax returns that also extends the deadline for 2020 contributions to HSAs, IRAs, and certain other accounts. In addition, the relief extends the time for filing and furnishing certain retirement-related forms.

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ThomsonReuters

APRIL 1, 2021

Atkins v. CB&I, L.L.C., 2021 WL 1085807 (5th Cir. 2021). Available at [link]. An employer promised to pay construction project employees a 5% bonus for working until completion of their assigned tasks on the project. Several employees who quit early, and thus did not receive the bonus, sued in state court, claiming that the bonus arrangement violated a state wage law.

Compliance 52

Compliance 52

ThomsonReuters

APRIL 1, 2021

IRS Announcement 2021-7 (Mar. 26, 2021). Available at [link]. The IRS has announced that amounts paid for personal protective equipment (PPE) for the primary purpose of preventing the spread of COVID-19—such as masks, hand sanitizer, and sanitizing wipes—are treated as amounts paid for medical care under Code § 213(d) if purchased by an individual for use by that individual, or by the individual’s spouse or dependents.

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Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

ThomsonReuters

MARCH 30, 2021

Ten or 20 years ago, technology would not have permitted the depth of remote work that has been seen over the past year. The importance of being able to ‘work from home’ without snags was never more evident than when COVID-19 and social distancing become a part of everyday living. And that’s one of many reasons it pays to review cloud technology and what it means to tax and audit firms.

Technology 52

Technology Finance Marketability 52

ThomsonReuters

MARCH 29, 2021

U.S. Treasury Secretary Janet Yellen has issued a response to the letter signed by 21 state attorneys general requesting clarification regarding Section 9901 of the American Rescue Plan Act of 2021 (ARPA), which includes language limiting the ability of states to to use ARPA funds to offset certain tax relief measures for a period of time after receiving the federal aid authorized by the act. ( Letter from Treasury Secretary Janet Yellen to State Attorneys General, 03/23/2021 ).

Treasury 52

Treasury 52