Dentist’s Employment Contract Kills Personal Goodwill Argument – Ninth Circuit Rules Peter J. Reilly on Forbes.com: Tax planners generally think that clients are well served by their thoroughness. I have little doubt that this is generally the case. Every once in a while, though, that little bit of extra work can be counterproductive. In the case of Dr. Howard the extra step, that a less thorough planner might have neglected was the employment contract between Dr. Howard, the dentist and the Howard Corporation of which he was the sole shareholder. The Howard Corporation was a C corporation and when…
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Small, midsize firms encourage employees to get specialized training to help in winning clients. So writes Eilene Zimmerman in Crain’s New York Business, where she mentions American Institute for Expert Witness Education (AIEWE) courses: Sareena Sawhney is a detective of sorts. As a certified forensic financial analyst, she exposes a hidden world of fraud and negligence by analyzing financial transactions and reconstructing accounting records. Ms. Sawhney, a certified fraud examiner, is a director in the litigation and corporate financial advisory services group at Marks Paneth & Shron in midtown Manhattan. She investigates fraud for corporate and nonprofit organizations and determines if and…
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A Rogue Employee Might be On Your Payroll, Too So writes Sarah E. Needleman at the Wall Street Journal Law Blog, where she points out that small businesses tend to be more vulnerable to fraud than large firms: If a business as established and well off as UBS can suffer at the hands of one bad apple, could the same can be true for any business, even a small firm? According to various media reports, an alleged trading scheme at the Swiss investment bank went undetected for three years before it was finally discovered last week that a 31-year-old trader was apparently…
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Jack Nicholson Takes Over E.U. Finance FT’s Alphaville Blog reprises an ECB press conference last week: Reporter: What is your answer to German people and economists who want the return of the DM? Trichet: You want answers? Reporter: I think the Germans are entitled. Trichet: You want answers? (SHOUTING) Reporter: Germans want the truth! (SHOUTING) Trichet: *You can’t handle the truth!* (SHOUTING) [pauses]… Trichet: Son, we live in a world that has prices, and those prices have to be guarded by men with bonds. Who’s gonna do it? You? You, Sylvia Wadhwa? I have a greater responsibility than you could possibly fathom. You weep for…
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Adjusting, More M.D.’s Add M.B.A. Under heavy pressure from government regulators and insurance companies, more and more physicians across the country are learning to think like entrepreneurs, reports Milt Freudenheim at the New York Times: “All physicians need some kind of business training,” she said. “For example, some physicians with large research grants don’t know how to manage the money.” As for the nation’s troubled health system, “we are not running the business side very well,” Dr. Chandler said. “Part of the problem is we don’t have physicians sufficiently involved. They have a fuller insight about what is needed.” “Cue…