Category: Finance

Business Law & Regulations, Finance

Entity Trading Account Definition and Functions

April 7, 2021

Via: Investopedia

What Is an Entity Trading Account? An entity trading account is a dedicated account type belonging to a legal entity such as a corporation or limited partnership. There are certain advantages to entity trading accounts over individual trading accounts, such […]

Business Law & Regulations, Finance

IBC amendment seeks to provide prepack resolutions for MSMEs

April 6, 2021

Via: The Economic Times

NEW DELHI: The government has amended the Insolvency & Bankruptcy Code to provide for prepackaged resolution framework for micro, small and medium enterprises (MSMEs) through promulgation of an ordinance. The alternative insolvency resolution framework is expected to bring about a […]

Business Law & Regulations, Finance

Suit alleges BigLaw firm used LexisNexis product to inflate bills for flat-fee legal research

April 1, 2021

Via: ABA Journal

A corporate litigant disputing the legal bill charged by Squire Patton Boggs has filed a third-party complaint alleging that LexisNexis helped the law firm inflate its fees. has the story on the March 24 lawsuit, filed by the Armor […]

Business Law & Regulations, Finance

Recovering Debt: The Logistical Hurdles for Creditors

March 31, 2021

Via: Lawyer Monthly

COVID-19 has resulted in many businesses falling into debt and bankruptcy. What lessons have been learnt here for creditors and debt collectors? COVID-19 has given everyone a better appreciation of certain fundamental institutions and industries that deserve priority treatment. Some, […]

Business Law & Regulations, Finance

Social Security Recipients’ Stimulus Payments Coming by Next Week, Treasury Says

March 30, 2021

Via: The Wall Street Journal

WASHINGTON—The next big chunk of stimulus payments—for Social Security beneficiaries—should reach bank accounts by next week, the Treasury Department said on Tuesday. The payments of up to $1,400 per person come from the $1.9 trillion law signed by President Biden […]

Business Law & Regulations, Finance

New York Secures $105 Million Dollars from Hedge Fund Manager’s Tax Fraud

March 5, 2021

Via: National Law Review

Earlier this week, New York Attorney General Letitia James issued a press release announcing that the State and City of New York recovered $105 million dollars in owed taxes and damages under New York’s false claims act tax fraud statute […]

Business Law & Regulations, Finance

Paychex vs QuickBooks Payroll: Price, Features & What’s Best in 2021

February 26, 2021

Via: Fit Small Business

Paychex Flex and QuickBooks Payroll are both cloud-based payroll systems designed to help you securely process employee and contractor payments. Both offer multiple pay options, access to health insurance benefits, and an employee self-service tool for viewing pay stubs, paid […]

Business Law & Regulations, Finance

Mississippi House Passes Massive Sales Tax Increase on Business Inputs

February 24, 2021

Via: National Law Review

Within a 24 hour period, the Mississippi House of Representatives introduced and passed a bill to repeal the individual income tax, but at a cost of massive increases in sales taxes imposed on business inputs. H.B. 1439 would phase out […]

Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Kansas Workers’ Compensation: Laws, Providers & Costs

February 12, 2021

Via: Fit Small Business

Kansas law requires employers to maintain workers’ compensation insurance if they have at least $20,000 in payroll a year. This no-fault insurance protects employees who get injured while performing work-related duties. In Kansas, workers’ compensation insurance costs an average of […]

Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Congress Should Leave Proxy Advice Rule Review Up To SEC

February 10, 2021

Via: Law360

The newly minted Biden administration is expected to reverse course on a series of Trump-era rules, including from the U.S. Securities and Exchange Commission. The nomination of former Commodity Futures Trading Commission Chairman Gary Gensler to serve as the next […]