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ACCOUNTING

Accounting - Passing down your family business

SAN ANTONIO - Last month we talked about retiring from your business and the succession planning it requires. This month, I’d like to focus on keeping the business in the family. Is it your dream to pass your business down to a son, daughter or another family member? Maybe your dream is for several heirs to one day run the business together?...

Created by : contributorcn
01/30/2019 17:00:00 | Viewed: 0
INSURANCE

Insurance - Third Party Over Actions required by written contract

HOUSTON - What is one of the most common types of construction claim arising from on-going operations? It’s called a “third party over action”. As an example, subcontractor’s employee is injured on the job, makes a workers’ compensation claim, but is dissatisfied with the benefits provided. Subcontractor’s employee is prohibited from suing his/her employer due to the exclusive remedy rule of workers’ compensation, so that employe...

Created by : contributorcn
01/30/2019 17:00:00 | Viewed: 0
LEGAL

Legal - Emerging risk—Misappropriation of pay application proceeds under a factoring agreement

AUSTIN - The explosion of factors in the construction industry has exposed a legislative gap in the Texas Construction Trust Fund Act (the “Act”). The Texas Legislature created the Act as a remedial measure to ensure that contractors, subcontractors, and materialman are paid for their work to improve real property. The Act imposes a fiduciary duty on contractors and subcontractors who are paid directly under a construction contract. These co...

Created by : contributorcn
01/30/2019 17:04:00 | Viewed: 0
OSHA

OSHA electronic injury reporting

AUSTIN - In 2017, OSHA began collecting OSHA 300A data from employers that are required to maintain the OSHA injury illness log and have 20 or more employees. Employers in certain NAICS codes who must submit data electronically are listed here: https://www.osha.gov/recordkeeping/NAICScodesforelectronicsubmission.html...

Created by : contributorcn
01/30/2019 17:00:00 | Viewed: 0