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Tag Archives: Business Owners

Avoiding IRS Challenges with Business Owner Compensation by Richard E. Cabrera, JD, LLM, CPA

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Posted on May 16, 2023 by Richard Cabrera

Operating a family-owned or closely held business requires owners to make business decisions with significant tax consequences. One example involves the compensation business owners pay themselves and whether those amounts are reasonable and whether the payments are deductible as “ordinary and necessary” business expenses. The answer can depend, in large part, on how the business […]

Suez Canal No Longer Blocked, But Are Damages Incurred from Supply Chain Disruptions Recoverable? by Richard Fechter, JD, CAMS, CFE

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Posted on April 15, 2021 by Richard Fechter

The 1,312-foot Ever Given container ship wedged across the Suez Canal for six days in late March upended global trade and created a bottleneck of nearly 400 vessels unable to meet their contractual delivery obligations. Today, even as ships pass freely through the critical waterway that carries 12 percent of the world’s trade volume, businesses […]