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Tip of the Day Be Aware of Other Deductions

Be Aware of Other Deductions - As part of filing your income tax you need to educate yourself as far as what deductions are allowable. Each year the government...

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Interlocking Directorates

Interlocking Directorates – An interlocking directorate is a company board member that also sits on the board on at least one other company, if not more than one.  This is a perfectly legal position, although it can be illegal if one of the other businesses is a competitor.  This scenario sets the stage for a “conflict of interest”, or possibly the exchange of intercompany information that could be challenged as “insider trading” and illegal in a court of law.  Sitting on the board of two similar companies, could hinder fair competition.  Usually a clause in the member’s contract addresses this issue.

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Definition of the Day Scholarship

Definition: A monetary award, usually based on either academic merit or financial need (or both), that can be applied to...

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