When it’s time to calculate damages, a skillful financial expert can discount future damages to present value, providing the ammunition businesses need to receive a just award. Here is an example focusing on how to ensure a reasonable discount rate. Let’s say a company fires an employee for stealing trade secrets. It goes to court…

Do you enjoy spending time at the casino or betting on sports? If so, you need to know about a new tax law provision scheduled to go into effect in 2026. The One Big Beautiful Bill Act (OBBBA) more tightly limits the deduction for gambling losses. Dealing Out the Tax Cards There are a few…

Using trusts as an estate planning tool is often done to achieve tax savings. By setting up certain types of trusts, a high-net-worth individual can avoid exposure to estate taxes levied by the federal and state governments. While this an important consideration if your estate is likely to be liable for death taxes, there are…