Understanding Strategic Tax Planning

Part of a company’s legal obligation is to file and pay their taxes in good time. The tax obligations increase with growth in the net profit of the business. However, with the help of qualified and experienced CPA’s like those working for Richard Wojcik, your business can engage in tax planning. What is tax planning and how can the business do it?

Tax planning is the process through which a business identifies how they can conduct their business within the law but still keep their tax obligations to the minimum. Tax planning is a deliberate and continuous effort by the business and therefore businesses should not wait till their taxes fall due so that they can begin the tax planning process. This means that the finance department or the outsourced CPAs should work closely with all other departments. But how does this happen?

First, you need to hire the right people for the right seats. The business should work with accountants who specialize in tax planning and who have the prerequisite experience to do it successfully. While you could work with an individual, it is better to work with a team with different strengths to create a synergy that will help the team to forge forward. The team should be composed of accountants and a legal team in order to ensure that everything has dined legally.

Secondly is to identify the strategies the business is going to use to achieve this. What loopholes in the law can you take advantage of? Most businesses take advantage of tax breaks and incentives given by the government, reduce their taxable income, lowering the effective tax rate and being in control of the schedule of tax payments. Depending on the industry and the level of business, the team will come up with a customs tax plan.

Executing the plan is the third and final stage. However, to do this successfully, the business should educate the employees in the finance department and the top management of how the strategy works and ensure that they understand their role in this. The execution plan needs to be well laid out and executed continuously for maximum effect. Remember that tax planning is a tool that any business can use irrespective of the industry and size.

Know the Four Common Types of Medical Malpractice Claims

Medical malpracticeMedical negligence and malpractice are some of the common issues that are reported on a daily basis in America as well as other places in the world. Although it is not as common as tax issues (ask Myles Haverluck), many people are victims of medical malpractice. Most of them do not seek damages from the hospital or the doctor that caused them pain and suffering. Ordinarily, medical institutions and professionals are expected to observe reasonable care when handling patients, but often many people come out of these clinics with injuries instead of feeling better.

The law to help protect patients in cases of negligence has provided for to take care of medical malpractice claims. However, the question many people ask is what are the most common claims that one can make? We have prepared for you four common claims that you can make when you feel your practitioner is responsible for your personal injuries.

1: Surgical Errors: surgical procedures are generally risky and for a reason, but many of these procedures are successful if the doctor observe some level of care.

Patients or their loved ones are expected to sign a consent form recognizing the amount of risk associated with the specific surgery they expect to undergo. However, there are mistakes that can be prevented during surgery. Some of the common surgical errors include the following:

• Wrongly administered anesthesia
• Operating the wrong site
• Performing an incision on the wrong part of the body
• Leaving an operating tool inside the body
• Injuring a body organ or nerves or any other part of the body as a result of the procedure

2: Wrong Prescription: Many medications are done through prescriptions but a slight error can lead to a serious health implication. The US Food and Drug Administration (FDA) estimates that nearly 50% of the fatal medications affect the senior people. Some of the errors include the following:

• Administering a wrong dosage
• Prescribing an incorrect dosage
• Prescribing an incorrect medication
• Improperly administering medication

3: Failure to treat the patient: a doctor may be held responsible for any injuries or health complications that may be as a result of failure to treat a patient. This may be as a result of the following:

Prematurely discharging a patient
• Poor follow up care
• Failing to refer a patient to an specialist
• Understaffed medical facilities
• Dismissing a patient’s symptoms as minor, temporary

4: Misdiagnosis: a misdiagnosis is a serious failure on the part of a medical professional. To misdiagnose is similar to failure to treat a patient. It is essentially important for a medical professional to observe standards of care in order to prevent any errors that may lead to a worst situation. Some of the damages you may claim include:

• Diagnosing a chronic condition with a mind that is less minor
• Failure to diagnose cancer
• Wrong interpretation of a test
• Failure to administer a prescribed medication that could be essential in making conclusions about a diagnosis

If you or your loved one has been a victim of medical negligence and are not sure of what to do, you can contact a personal injury law who is capable of handling these issues with a lot of care and expertise. Medical malpractice and defective products are delicate and most difficult cases to prosecute in a court of law so be keen to work with a lawyer to help you navigate the process for a reasonable compensation.

Factors Determining the Value of a Personal Injury Case

A lot of people incur personal injuries due to the fault or negligence of others. Although the law entitles the victim to receive compensation from the defaulter, it is advised to find out the value of the injury claim beforehand to avoid problems later. Read the below guidelines if you don’t have information on determining the value of a personal injury case.

Personal Injury Case

What determines the worth of your claim?

Three important factors establish how much your injury case is worth – liability, damages and insurance coverage. The first factor is liability, which means fault. If you are at fault for the incident that resulted in the injury, you won’t be able to make any claim. On the flip side, if you get hurt in an accident due to another person’s fault, the worth of your claim is pretty strong. If you are partially at fault for the accident, you could still make a partial claim.

Severity of damages is the second factor that affects the worth of the claim. In case you don’t get hurt (no damages) in an accident, you won’t get any sum as a claim. On the other hand, serious damages warrant a higher claim.

The third important factor that decides the claim amount is the insurance coverage carried by the defaulting person. If the person at fault carries no insurance, you won’t get any compensation. As opposed to this, you stand a good chance of receiving a bigger sum if the defaulter has a high insurance cover.

However, the actual sum that you can claim from the defaulter largely depends on how you dispute your case. If you miss out a single important point, you may miss out the claim amount. This is why it is advised to hire the expertise of a respected personal injury attorney to battle your case, determine the claim value and get better compensation.

Bottom line

Determining the value of a personal injury case is paramount to getting higher compensation for your injuries and sufferings. While many online calculators are available to estimate the worth of your claim, it is best to rely on a reputable injury lawyer. With a respected attorney by your side, you could get the best possible claim amount in a lot less time.

Why You Need An Entertainment Attorney

Entertainment AttorneyEntertainment law usually refers to the motion picture industry but it also coves television, music, publishing and the theatre. These industries are vital to the economy because they employ millions of people and contribute to knowledge and development. A lawyer that specializes in entertainment law is called an entertainment lawyer. This legal expert helps clients with matters like securities, patents, labor law, copyright, privacy and publicity. Below are some ways an entertainment lawyer can help his or her clients.

Copyright Protection
This is one of the most important matters an entertainment attorney handles for clients. Copyright protection is vital to the success of the entertainment industry. When writers, painters, musicians and photographers create new products like books, songs, paintings and pictures, these works are protected by law from piracy and use by authorized people. Copyright protection also ensures that creative artists and entertainers get financial rewards for their works. The creator of a literary or artistic work is protected for 75 years from the publication date or 100 years from the creation date of the work. In cases where there is an infringement of copyright, the entertainment lawyer will help the copyright owner get redress in a court of competent jurisdiction. In this case, the court may award punitive damages against the offender and compel the party at fault to pay compensation.

Employment Law and Labor Law
Entertainment law is also connected to labor law and employment law. In cases where there are disputes over wages, appearance fees, royalties and other related matters, the entertainment lawyer will step in to help his or her client. Entertainment law explained to the average person can be quite complicated. This is why many people in the entertainment industry need the service of an expert in this aspect of the law.

Negotiating New Contracts
Entertainment law is not all about seeking redress for infringements. Experts in this aspect of the law can help clients negotiate new contracts, enforce existing contracts or get out of an inconvenient contract. A smart entertainment lawyer is vital for people in this industry. Get a competent and experienced attorney and you will have peace of mind.

The Most Common Causes of Wrongful Death

Wrongful Death

In order to successfully bring a wrongful death suit to court, a few things are needed. First, you need to have a person who died – check Richard Wojcik’s funeral and obituaries. Documentation such as a death certificate will be required. You’ll also need to prove that the death was caused because of negligence or an intent to harm the person. Finally, you’ll need a party who is bringing the wrongful death action against a person or an entity. That party is usually a survivor of the individual who died, like a family member. There are many causes of wrongful death, and these are the most common.

Medical Malpractice

When someone dies in a hospital or healthcare setting due to malpractice, a lawsuit can be filed. Errors could occur during surgery, or medical equipment can be faulty. if a patient dies when he or she shouldn’t have, the doctor, nurse, provider, staff member, and institution as a whole can be held liable.

Car Accidents

Fatal car accidents can occur for any reason. Maybe a driver was intoxicated, texting on a phone, or falling asleep. Whatever the reason, if someone is deemed responsible for the death of another individual during a traffic accident, there could be criminal as well as civil proceedings.

Faulty Products

Wrongful death can occur when a dangerous product is on the market. Distributors, wholesalers, and manufacturers can be held liable when one of their products causes harm and results in death. Whether the defect is found to be in the design, the manufacturing, or even the disposal – companies will be held accountable when people die while using their products.

Accidents at Work

Commercial and industrial workplaces are especially at risk for wrongful death situations. If an employee dies while performing his or her job duties, the employer can be held liable, and a lawsuit may be brought.

These causes of wrongful death are not the only ones. However, they are the most common. If you lost a loved one unjustly, talk to an attorney about your options. Sometimes, a wrongful death lawsuit is required to hold the right parties accountable and to achieve some closure.

What is Private Mediation?

Mediation is a form of alternative dispute resolution. So, what is private mediation? It is a way for two opposing parties to settle a dispute without going to court and having a jury hear a case.

Private MediationPersonal injury claims sometimes take the route of mediation, if it’s thought the parties can work out a satisfactory agreement for compensation. But, it will require the expertise and skill of someone licensed, like a Car accident lawyer Glendale to practice personal injury law. Just as with a trial, the opposing party may use unsavory tactics to intimidate the injured party, if knowledgeable representation is not available.

When an individual is involved in a personal injury, he or she deserves compensation for any pain, suffering, lost wages, and related expenses. Only a skilled legal professional can help get adequate compensation. If private mediation is something both parties are interested in, having legal representation is still a good idea.

Insurance companies have skilled and experienced lawyers on their side. Before sitting down for mediation with a legal representative and the party responsible, it is advisable to seek the advice and guidance of a personal injury lawyer. A lawyer can determine how much a case can be pursued. A lawyer knows what questions to ask and the type of information needed to review the case. A lawyer understands the hardships a person faces after a personal injury, regardless of the cause. A personal injury attorney knows how to go about seeking adequate compensation, whether the injury is minor or severe and debilitating.

Mediation is a good way to resolve issues, when it comes to personal injury law. The courts are freed up for other cases. Mediation can greatly reduce court costs, freeing more money for the injured party. It also speeds up the process, because the parties don’t have to wait for a court date to work out a proper compensation agreement. This type of resolution is legal and in some jurisdictions, in actually encouraged. Lawyers are often familiar with the mediation process. A professional personal injury lawyer can explain the steps or how the mediation works. The lawyer will speak with the legal counsel of the other party, to set up a convenient time.

While mediation is less formal than a trial, it is still a legal remedy to a dispute or a case. It can save time and money. But, having the representation of a skilled personal injury attorney is still advised, to get the right compensation and help navigate the resolution process. Many mediation cases do not go before a judge. They are sometimes facilitated by a paralegal or court representative, but don’t require a jury or the use of a court room, to work out the terms and details of the resolution everyone is satisfied with.

Coping With The Loss Of A Family Member

Loss Of A Family MemberWhen the government makes it compulsory to have motor vehicle insurance, consideration would have been had of the far-reaching implications of a car crash. Besides the obvious possibility of hospitalisation fees and post-operative therapy, there’s also the possibility that death may occur. The death of a breadwinner following a motor vehicle accident can bring about loss that is more apparent than the damage to the car. A family that was reliant on the earnings of a sole breadwinner can have its circumstances significantly affected. Coping with the loss of a family member is tough emotionally but it can get better with a successfully instituted claim for damages.

Who May Claim

The surviving spouse and dependents have an automatic claim against a road accident fund for hospitalisation fees up to the date of death. There is also a legitimate claim for reasonable funeral expenses that fall within the fund’s regulations. This, of course, upon proof of a valid and existing marital relationship in the case of the spouse, and convincing evidence of paternity in relation to the children. In both instances, damages are meant to place the plaintiff in the position he/she would have occupied if the breadwinner had not been killed.

Even though it is standard practice for the executor of the deceased estate to institute the claim on behalf of the family, it occurs often that a spouse can claim in her own capacity, and as guardian on behalf of any children who don’t have legal standing.

Calculating Damages

The most basic formula for calculating damages involves coming up with a general estimate of the loss. Don’t be fooled, it’s a lot more complicated than it seems. In reaching an estimate figure, a number of factors are considered:

1. Period of support. Here the breadwinner’s expectation of life plays a pivotal part, particularly his current health.

2. Current earnings. Account is normally taken of the deceased’s prospects of an increased earning capacity, like the chances of future
promotion for example.

3. The amount of the breadwinner’s earnings that was dedicated to supporting the family.

4. Equitable adjustments. The death of the deceased doesn’t always spell future doom for the surviving family. It’s possible that certain benefits -or disadvantages- may flow directly from his death. What quickly springs to mind is the usual life insurance. However, other contingencies may be considered, like: pension, the granting of sole ownership over the deceased’s assets, adoption, donations and, quite understandably, the marriage prospects of the surviving spouse. All these serve to reduce the amount or the length of the period claimable.

The law of damages prescribes the rules and principles applicable when a person suffers loss on account of someone else’s actions. As such, it helps to sit down with a personal injury attorney to figure out what can be claimed and against whom the claim is lodged.