Business Law Articles
If you say that your product is ‘reliable,’ does it have to be?
Companies advertise all the time saying that their products are terrific and better than the competition. But at what point can a company be sued if a product doesn’t live up to the hype? That question came up recently when a customer sued Apple, claiming that his iBook G4 laptop failed shortly after the one-year [...]
Businesses should have a policy on cell phones and driving
Any business whose employees drive or use the telephone should probably consider having a written policy on cell phone use while driving. Why? Because if an employee causes an accident while driving on business…or causes an accident while driving on their own time, but while texting or making a phone call related to the business…then [...]
Estate Planning Articles
How estate and gift tax exemptions and rates have changed over the years
Year Exemption Amount Top tax rate 2001 $675,000 55% 2002 $1 million 50% 2003 $1 million 49% 2004 $1.5 million 48% 2005 $1.5 million 47% 2006 $2 million 46% 2007 $2 million 45% 2008 $2 million 45% 2009 $3.5 million 45% 2010 Repealed 2011 $5 million 35% 2012 $5.12 million 35% 2013 $5.25 million 40%
Many estates can save money by filing tax returns – even if they don’t have to
A federal estate tax return doesn’t have to be filed every time someone dies. In fact, most estates never have to file one. However, a provision in the new “fiscal cliff” tax law may make it very advantageous to file an estate tax return if the deceased person is survived by a spouse – even [...]
