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Licensors whose assets are in particularly high demand may be able to negotiate unusually favorable contract terms. Hiring a skilled lawyer to negotiate the terms of your license agreement will help ensure you get the best deal possible. But those efforts may be wasted if there is no one confirming that those terms are followed. …
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Permanent link to this article: https://betweenthenumbers.net/2011/04/the-hardest-fought-license-terms-may-be-the-least-likely-to-be-in-compliance/
There are many often repeated tales of the federal government being taken advantage of by vendors, such as the Department of Defense’s $640 toilet seat and the National Park Service’s $797,400 outhouse. Therefore, it’s a pretty good bet that if a vendor you are considering is on the federal government’s vendor blacklist, they might deserve …
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Permanent link to this article: https://betweenthenumbers.net/2011/04/get-the-benefit-of-the-government%e2%80%99s-experience-when-selecting-vendors/
Hollywood accounting (or Hollywood bookkeeping) is the term used to describe how studios report profits on movies and television series. It often carries a derogatory connotation because of various common practices which don’t follow Generally Accepted Accounting Principles (GAAP) or necessarily reflect market realities. These contractually-based practices often serve to reduce revenues, inflate costs, and eliminate …
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Permanent link to this article: https://betweenthenumbers.net/2011/03/hollywood-accounting-another-good-reason-to-read-and-audit-your-contracts/
There is no time limit for the IRS to pursue a taxpayer for failing to file a prior year’s return when money is owed to the government. The same is not true from the taxpayer’s perspective. Time is ticking for those who failed to file a 2007 tax return upon which the government owes a …
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Permanent link to this article: https://betweenthenumbers.net/2011/03/the-irs-may-get-over-a-billion-dollar-windfall-because-taxpayers-failed-to-ask-for-it/
The Government Accountability Office (GAO) again reported that it cannot render an opinion on the 2010 consolidated financial statements of the federal government, because of widespread material internal control weakness, significant uncertainties, and other limitations.” This has occurred for years. Although each year the federal government states improvements are being made, the bottom line answer …
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Permanent link to this article: https://betweenthenumbers.net/2011/03/%e2%80%9ctoo-big-to-audit%e2%80%9d-is-no-defense/
Since the advent of the Sarbanes-Oxley Act, public companies have been required to provide a means for employees to communicate inappropriate financial and accounting control activity to the Audit Committee in a confidential manner. The Dodd-Frank Act expanded the use of whistleblower systems in an effort to avoid the SEC’s own whistleblower setup. Whistleblower systems …
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Permanent link to this article: https://betweenthenumbers.net/2011/03/whistleblower-activity-will-fuel-increased-litigation-in-2011/
It wasn’t long ago that Michael Vick was the highest paid player in the NFL and was frequently tapped for high profile endorsement deals with companies such as Nike, Coca-Cola, Kraft and Hasbro. But when news of his dog fighting activities surfaced, the endorsement deals came to a grinding halt. A prison sentence and a bankruptcy …
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Permanent link to this article: https://betweenthenumbers.net/2011/02/michael-vick-and-the-duration-of-reputational-damage/
The Social Security program is undergoing several changes in 2011. One seemingly benign change is that new recipients will be required to utilize direct deposit or have their payments loaded onto a prepaid Debit MasterCard (existing retirees have until March 2013 to make the switch). No more paper checks…a fact which will put a smile …
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Permanent link to this article: https://betweenthenumbers.net/2011/01/social-security-goes-paperless%e2%80%a6saves-a-bunch-of-trees-and-a-ton-of-dough/
The message boards are abuzz with the news of Steve Jobs’ (possibly) temporary medical leave of absence from Apple. The obvious question is the impact of this news on Apple’s valuation. For most large public companies with deep management, this is not an issue. Relatively speaking, a single person’s importance usually affects only smaller companies, …
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Permanent link to this article: https://betweenthenumbers.net/2011/01/steve-jobs%e2%80%99-key-man-discount/
