The nature of an independent audit can sometimes be misconstrued; business owners sometimes think auditors should be able to detect fraud. Fraud, by definition, is "any act, expression, omission or concealment calculated to deceive another to his or her disadvantage; specifically a misrepresentation or concealment..."(Merriam-Webster Dictionary of Law). By this definition, fraud is not easy or always practical to detect.

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As I prepared to write this article, I noticed a book on my bookshelf called Time Flies. It was written by Bill Cosby in 1987 and is a humorous look at aging. It will definitely make you laugh.

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What hurts? It's a simple question that doctors have been asking as long as medicine has been practiced. But has anyone ever asked the family practice doctor "What hurts?"

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From buying or selling a home to sending the kids to camp, to buying a fuel-efficient car or even cleaning the garage, summertime activities and expenses can mean tax credits or deductions on a 2007 tax return, provided you keep records. Summer is also a good time to check withholding, and calculate any tax that is owed on non-salary items like a gain from the sale of stock or other property.

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  Timely Opportunities

The federal government recently issued rules spelling out when employers can penalize employees for not achieving health improvement goals set out in wellness programs they sponsor. The rules, which became effective on July 1, 2007, give employers more leeway to push staff members toward healthier lifestyles. But there are limits. What can employers now do and what are the risks for making wellness features mandatory? Click "Full Article" for the answers.
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  Business Valuation & Litigation Support

You've likely heard of structured settlements to pay claims and damage awards in personal injury lawsuits. But these arrangements — comprised of annuity payments from an insurance company — can also be used to finance the sale of some closely held businesses. Click "Full Article" for the details.
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  Management

Moonlighting helps employees with too much month left at the end of their paychecks, but it can cause problems for their primary employers. If you're concerned about the implications for your company and want to draft a moonlighting policy, make sure you follow the law. Here are some guidelines.
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  Operations

They are based on fear - fear that an employee might run off to a competitor and take along some highly specialized knowledge. And while that concern is legitimate, non-compete agreements must be phrased carefully and they cannot unreasonably restrict a former employee's activities. Here's a guide to what you can do to protect your company's interests.
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