Sales tax on Computer Software and Services in Texas
The state of Texas levies sales tax on sale of tangible personal property and enumerated taxable services. Taxable services are defined in section 151.0101. Tangible personal property [...]
PPP Recipients Can Apply Early for Loan Forgiveness
Many small businesses have inquired about whether they can apply for PPP loan forgiveness before their covered period expires, new Paycheck Protection Program (PPP) guidance released on [...]
Business Interruption Principles in Litigation: Lessons from Dictiomatic
In a previous blog post, we touched on the standards of proof for business interruption loss claims before the courts. Continuing along this same line of thought, [...]
Business Interruption Loss Claims in the Courtroom: Reasonable v Lesser Standards
A business interruption loss claim is a covered event under a commercial insurance policy that includes business interruption coverage. Under such a policy, should the business experience [...]
Business Interruption at Manufacturing Plants
A&C was retained by the insurance company to assist in evaluating economic damages sustained by manufacturing plants of a truss manufacturer due to a tornado. Production was [...]
Business Interruption and Lost Profits: Franchised Businesses
Business interruption or other lost profits situations can happen to franchised businesses. These losses can actually be easier to calculate than those of single location businesses due [...]
What Qualifies as a “Business Interruption?”: Standard Requirements
As we touched on in a previous blog post, “What is Business Interruption? And What is Business Interruption Insurance?,” in order for business interruption insurance to kick-in, [...]
Tax Planning Opportunities for Recovery Rebates
The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides for a recovery rebate credit of $1,200 for individuals or $2,400 for couples and $500 per child [...]
Solvency Analysis
The following three tests are used to determine solvency: Balance Sheet Test – The balance sheet test determines if, the total fair value of the debtor assets [...]