The shift in the health care industry toward greater efficiency and a higher level of quality of care is resulting in technological innovation. The popularity of the practice of medicine via mobile and wireless devices is on the rise and telemedicine is leading the...
PLDO Law Blog
Month: March 2015
Every Medicare Home Health Agency in the Nation will be Audited by CMS
A 2014 audit by the Office of Inspector General (OIG) determined that only 32% of home health providers were in compliance with the face-to-face encounter documentation requirements under Medicare to be eligible for payment. As a result, OIG has recommended that the...
Crowdfunding in MA: New Regulations May Be Good For Your Business Venture
On January 15, 2015, the Massachusetts Securities Division adopted new regulations which permit "crowdfunding" securities offerings by some Massachusetts companies to Massachusetts residents. According to the Merriam-Webster definition, crowdfunding is "the practice...
Business Owners Should “Get it Right from the Start” to Thrive and Survive
The entrepreneurial spirit is alive and well in the U.S. with millions of businesses created each year. Some will survive and others will vanish. Those that flourish and grow are most likely to have established the appropriate corporate governance structure that is...
HOW LIFE INSURANCE PROCEEDS COULD AFFECT A COMPANY’S VALUATION FOR ESTATE TAX PURPOSES
A recent case brought to light the impact that a stock-purchase agreement and life insurance proceeds may – or may not - have on the valuation of a closely held company for estate tax purposes. In this case that caused a split between the 8th and 11th Circuits, the...
HASTE MAKES WASTE . . . CASH THE CHECK.
One never knows what corner the grim reaper lies behind. A final illness can often accelerate quickly and deprive a donor of adequate time to complete gifts for tax purposes that he intended to make. In a recent federal court case, the Third Circuit Court of Appeals...
ATTENTION SNOWBIRDS: DO YOU PASS THE DOMICILE TEST?
“A person doesn't know how much he has to be thankful for until he has to pay taxes on it.” This anonymous quote is timely. It is rumored that the Rhode Island Division of Taxation (“the Division”) is reviewing its procedures for determining whether a Rhode Islander...
HOW CLOSELY HELD BUSINESSES CAN PREVENT MANAGEMENT DEADLOCKS
Differences in opinion on how to achieve a stated goal in a closely held business can lead to disputes that block the enterprise from moving forward. Closely held businesses are characterized by a limited number of shareholders and a lack of public trading. The...
WHY ESTATE PLANNING FOR BUSINESSES IS CRITICAL (NOT OPTIONAL)
Owning your own business can be extremely demanding. From your customers to your employees, there’s hardly enough time in the day. While most entrepreneurs are consumed by the day-to-day challenges of running their businesses, they often neglect the critical task of...
