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New clients frequently ask us how to best organize their neglected books.

Since December 2006, plaintiffs’ class action firms in California and elsewhere have filed over 200 nationwide class actions in federal court against a broad spectrum of retailers and restaurants alleging violations of the Fair and Accurate Credit Transactions Act ("FACTA").

On January 20, 2006, a California Court of Appeal found enforceable the liquidated damages provisions for late fees in standardized form contracts for consumer services.

Businesses and individuals facing contract breaches, unpaid debts, or harmful conduct often turn to demand letters and cease-and-desist letters as powerful legal tools. Understanding when these formal notices can resolve disputes efficiently—and when they might backfire—is crucial for protecting your interests and avoiding costly litigation.

Fraud is a fact of life, but despite that reality, I continue to find clients who "trust" that their company is free from fraud, even without any controls in place to verify whether that's true

After years of waiting and debating, the long awaited credit losses standard has finally been issued.

With the way 2019 has started, no one is expecting it to be an easy year for cash flow.

On January 23, 2006, the Illinois Attorney General (the AG) proposed the Hospital Fair Billing and Collection Practices Act (the act) to set standards for billing and collection practices in Illinois hospitals. The bill was introduced with a companion piece of legislation, the Tax-Exempt Hospital Responsibility Act.

Will there or won't there be a recession? What's the long-term economic outlook? How high can inflation go?

"Cram down", the non-consensual restructuring of secured debt, has just become much easier for a debtor in reorganization due to the Supreme Court’s adoption of a "prime plus" rule. While the May 14, 2004 opinion deals with a chapter 13 "wage earner" case, it will apply in commercial chapter 11 cases.

There's a good chance that you're tired of hearing about high failure rates for small businesses. To come this far, you have beaten the odds, defied conventions and piloted around the naysayers many times over.

The United States Supreme Court recently held, in <I>Tennessee Student Assistance Corp. v. Hood</I>, 124 S.Ct. 1905, 541 U.S. ___ (2004), that a proceeding initiated by a debtor to determine the dischargeability of a student loan debt owed to a State is not a suit against a State for purposes of sovereign immunity under the Eleventh Amendment.

The Texas Comptroller has determined that a service provider that mails overdue letters to debtors and makes courtesy calls to debtors on behalf of and in the name of a creditor is providing taxable "debt collection services," even though it collects no funds from the debtor and all actual collection arrangements are handled solely between the creditor and the debtor.

The Editor interviews Bradley Massam and Walter Morris of Ernst & Young’s Fraud Investigation & Dispute Services practice. Mr. Massam is a Partner and serves as Americas Leader for Financial Services.

The One Big Beautiful Bill Act (OBBBA) has reshaped tax incentives for wineries, expanding opportunities for R&D expense deductions, production property depreciation, and energy credits. Understanding how these changes interact with winery operations—from fermentation systems to facility upgrades—can significantly impact cash flow and investment returns. This framework helps wineries align tax planning with operational decisions to maximize available benefits.

On June 4, 2007, the United States Supreme Court rendered its opinion in Safeco Insurance Company of America v. Burr.

Viral success can transform a music career overnight, but without proper financial infrastructure, rapid growth often creates costly blind spots. Understanding how to manage complex income streams, plan for taxes, and evaluate opportunities becomes critical when momentum accelerates faster than systems can keep pace.

On June 16, 2016, the Financial Accounting Standards Board (FASB) issued its long awaited Current Expected Credit Loss impairment standard, or CECL.