Category Archives: Business

Hospital Files for Bankruptcy

Americore Health and its four affiliated hospitals in Pennsylvania, Tennessee, Missouri and Arkansas filed for Chapter 11 protection, Becker’s Hospital Review reported. The three of the hospitals listed in the bankruptcy petition are: Ellwood Medical Center in Ellwood City, Alexius … Continue reading

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Houlihan’s Restaurant Chain Files for Bankruptcy

The private-equity backed operator of the Houlihan’s Restaurant + Bar chain has filed for bankruptcy protection with a deal in-hand to sell the casual dining chain to fellow restaurant operator Landry’s Inc. for $40 million and assumption of some liabilities, … Continue reading

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WeWork’s Loss Balloons to $1.25 Billon

Office-space startup WeWork lost $1.25 billion in the third quarter of 2019, as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month, the Wall Street Journal reported. We Co., as … Continue reading

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Restitution Remanded

Today we’re going to be visiting a summary of State of Missouri vs. Gilbert Garcia, in the Missouri Court of Appeals, Western District – WD81687, regarding restitution. The court ruled the defendant had permission to charge construction items onto the … Continue reading

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Defendants Personally Liable

Today we’re going to be visiting a summary of Alpha Petroleum Company vs. Hani Daifallah, et al, in the Missouri Court of Appeals, Western District – WD82222 and WD82230 rules regarding corporations and other entities. An agent making a contract … Continue reading

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Victoria’s Secret Lays Off Employees at Headquarters

Victoria’s Secret is laying off about 15 percent of the brand’s employees at its Columbus, Ohio, headquarters as the lingerie store struggles to reshape its image and the chief executive of its parent company remains under scrutiny for his ties … Continue reading

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Jawbone Trade Secrets Case Leads to 6 Fitbit Staff Indictment

In a statement released by the Department of Justice, six former and current Fitbit Inc. employees were charged for possessing trade secrets stolen from their competitor Jawbone. Each employee had worked previously at Jawbone for a minimum of a year … Continue reading

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Prepare for Hurricanes, Disasters by Safeguarding Tax Records

The 2011 hurricane season starts today, and the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set of … Continue reading

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FBAR Filing Deadline Extended for Certain Financial Professionals

The Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN) today announced that a small subset of individuals with only signature authority required to file the Report of Foreign Bank and Financial Accounts (FBARs) will receive a one-year extension … Continue reading

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Employee Business Expenses

If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses … Continue reading

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