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L Squared Insurance Agency Blog: 11_2017

View the latest blog posts from L Squared Insurance Agency.

The attorney was with a high risk insurance carrier letting his coverage lapse in 2016.  He wrongly assumed that it would not be a big deal to get his prior acts back after more than a year and ½..  He had been paying around $7,000 annually to cover his past acts. READ MORE >>

The ABA Journal recently reported in Holtzman vs Turza, that Illinois CPA Ira Holtzman brought a class action suit against Illinois attorney Gregory P Turza for violating the Federal Telephone Consumer Protection Act (FTCPA) almost a decade ago.  8,430 unsolicited faxes were sent to accountants without an ‘opt-out’ provision. READ MORE >>

Computer viruses/malware, phishing and social media contribute too many of the hacks of computer systems.  But many of the hacks are made easy by passwords that should never be used.  Untrained employees are the easiest entrée into your computer systems. READ MORE >>

THANKSGIVING DAY 1789 BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION Whereas it is the duty of all Nations to acknowledge the providence of almighty God, to obey his will, to be grateful for his benefits, and humbly to implore his protection and favor  and Whereas both Hou... READ MORE >>

Small business owners including law firms, accounting firms, dentists and title agencies know ‘Cash is King’.  No matter how well your business is doing and how fast it is growing without cash to pay the bill puts a quick end to many business ventures. READ MORE >>

A recent decision by the Tax Court Avrahami  v IRS and Feedback Insurance Co V IRS highlighted that the IRS is now looking more closely at captive insurance companies being used for tax avoidance.  The Avrahamis own 3 jewelry stores and 3 shopping malls in the Phoenix area. READ MORE >>

A recent Better Business Bureau (BBB) study found that half of all small businesses would not be profitable if they lost critical data for more than 30 days.   And while 81% use antivirus software and 76% have a firewall, most are lacking in the most cost effective prevention tool; employee education. READ MORE >>

Normally when someone sues naming every business or government agency with a relationship to a property owner the case gets kicked as a nuisance case.  But the rules change when the landowner being sued is a Colorado marijuana grower by the adjacent land owner in Federal Court under the RICO Act (Racketeer Influenced and Corrupt Organizations Act. READ MORE >>

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