As a follow-up to our previous post, Bank Failures: Basic Protections for Consumers and Businesses, we wanted to also make clients aware of a rise in Business Email Compromise (BEC) scams as fraudsters attempt to take advantage of the current climate of uncertainty. As the dust settles around the most recent bank failure announcements, many […]
The recent collapse of Silicon Valley Bank in March 2023 was one of the largest bank failures in the United States since the 2008 financial crisis. Unsurprisingly, the scale and high visibility of the failure raised wide-spread concerns about the health of other banks, particularly those heavily involved with the technology sector. The Federal Reserve […]
Businesses are just as susceptible to identity theft as private individuals. According to the Colorado Secretary of State, reports of business identity theft have been on the rise in recent months. But there are steps you can take to safeguard your business and be vigilant against any fraudulent activity. The best place to start is […]
A number of Colorado House bills and rules were enacted toward the end of 2022 that will affect Colorado businesses in 2023 and beyond, from sales tax exemptions to cryptocurrency to special deductions and more. In case you missed one, here’s a recap of the bigger Colorado tax law updates to pay attention to as […]
States are moving at an unprecedented speed to respond to the $10,000 federal cap on deducting state and local taxes. Many are offering what’s known as optional pass-through entity tax status as a workaround. For those who form eligible pass-through entities, this tax status allows individuals to deduct state taxes for federal tax purposes. It […]
Sometimes, even a bad investment can be a good thing. That’s because there’s a practice called tax-loss harvesting. Tax loss harvesting is selling off poorly performing stocks at a loss to offset capital gains made from better-performing stocks. Tax-loss harvesting might be a boon for your tax picture now and down the road. The process […]
In 1970, when Congress passed the Racketeer Influenced and Corrupt Organizations Act (RICO), most Americans were familiar with the famous movie mobster Rico Bandello from the film Little Caesar, one of the first “talkies” ever made. The Act was cleverly named after the mobster and was initially used to weaken the Gambino crime family. In […]
Businesses risk a great deal when they share their trade secrets with employees or other individuals and entities—like franchises, business partners, or potential buyers. These trade secrets can be the lifeblood of a company. What happens if one of those individuals or entities walks away with a client list, a secret recipe, or a cutting-edge […]
The hardworking attorneys and staff at Hackstaff Snow Atkinson & Griess have long been a part of the Denver community. Not only does this mean serving legal clients throughout Colorado but also giving back locally. HSAG participates in many fundraisers and community service events throughout the year, with Over the Edge as the highlight event […]
Corporate governance refers to how an organization manages fairness, accountability, responsibility, and transparency in its relationships with stakeholders. Through a solid corporate governance framework, fraud risks and conflicts of interest can be better identified, managed, and resolved in business. While the concept may seem like it only applies to large companies, our experience as Colorado business […]
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