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27 Feb 2024, 9:09 am
Speaking of hubris, Michael Ellis covers the State Department's stonewalling of a House committee trying to find out how generously the Department funded a group of ideologues trying to cut off advertising revenues for right-of-center news and comment sites. [read post]
26 Feb 2024, 10:00 pm
Because partnership tax items generally flow directly to partners/LLC members, and do not remain with the entity, certain transactions at the entity level can result in tax consequences that the Internal Revenue Code never intended. [read post]
26 Feb 2024, 12:30 pm
We’re hearing derisive comments about the death of SPACs, unending deadline extensions, almost 200 liquidations, 70 deal terminations, and general SPAC malaise. [read post]
26 Feb 2024, 10:29 am
In the absence of evidence pointing to fraud, the IRS will generally assume that a mistake has occurred. [read post]
23 Feb 2024, 12:00 pm
But could Generative Artificial Intelligence (Gen AI) actually be the technology that leads to the demise of the billable hour? [read post]
23 Feb 2024, 4:34 am
Adjusted EBITDA of $424.8 million, or 12.2% of revenues, compared to $357.6 million, or 11.8% of revenues, in the prior year. [read post]
23 Feb 2024, 3:40 am
Journalists are generally allowed to leave with their files. [read post]
21 Feb 2024, 5:51 pm
It would involve closing offices, terminating a lot of contracts, and foregoing a lot of revenue. [read post]
Optimism Amidst Challenges: Key Takeaways from the Winter 2024 eDiscovery Business Confidence Survey
21 Feb 2024, 10:21 am
Revenue is income generated from eDiscovery-related business activities Higher: 45% Same: 49% Lower: 6% Revenue Overview + Six Months - Winter 2024 5. [read post]
20 Feb 2024, 7:43 am
According to the federal Office of Energy Efficiency & Renewable Energy: Generally, project owners cannot claim both the ITC and the PTC for the same property, although they could claim different credits for co-located systems, like solar and storage, depending on what further guidance is issued by the Internal Revenue Service (IRS). [read post]
19 Feb 2024, 9:01 pm
This risk may compound over time as AI-generated data is used to train other AIs. [read post]
17 Feb 2024, 11:07 am
That company had $455,000 in revenue. [read post]
16 Feb 2024, 6:00 am
. | Director of Large Markets, LexisNexis Nearly one-half of law firms are exploring new billable opportunities and developing potential new lines of business made possible by Generative Artificial Intelligence (Gen AI) technologies, according to our newly released 2024 Investing in Legal Innovation Survey: The Rise of Gen AI at Top Firms & Corporations . [read post]
16 Feb 2024, 3:30 am
When applying the bespeaks-caution doctrine, courts in the Second Circuit generally treat “corporate statements of projections as to corporate earnings” as forward-looking statements, “without regard to whether the last day of the covered earnings period had passed. [read post]
15 Feb 2024, 9:01 pm
Beyond these general challenges, I’ll turn to issues about AI, finance, and the law. [read post]
14 Feb 2024, 3:47 pm
California Attorney General Rob Bonta announced the settlement on Wednesday. [read post]
13 Feb 2024, 8:44 am
What companies are exempt from the Corporate Transparency Act? [read post]
12 Feb 2024, 3:15 am
The Court found that generic financial matters such as learning of issues with unspecified customers, revenue decreases, and increases in receivables “are far from the sort of red flags” that could trigger liability. [read post]
12 Feb 2024, 1:02 am
On 9 February 2024, there was a hearing in The Commissioners for His Majesty’s Revenue & Customs v Dr Robert Milton & Amy Louise Spencer KB-2023-004745. [read post]
11 Feb 2024, 9:05 pm
For instance, tax noncompliance in the United States reportedly leads to hundreds of billions of dollars in uncollected tax revenue annually. [read post]
