The United States Consumer Products Safety Commission began enforcement on December 19, 2008 of the Virginia Graeme Baker Pool and Spa Safety Act, 15 U.S.C. §8001, which creates a duty of care for all owners and operators of public swimming pools and spas that are fitted with submerged suction drain outlets known as main drains. The Act requires that all…
The United States Consumer Products Safety Commission began enforcement on December 19, 2008 of the Virginia Graeme Baker Pool and Spa Safety Act, 15 U.S.C. §8001, which creates a duty of care for all owners and operators of public swimming pools and spas that are fitted with submerged suction drain outlets known as main drains. The Act requires that all…
On December 13, 2006, the Indiana Court of Appeals reviewed the statute of limitations applicable to claims of accountant malpractice. In so doing, it also considered whether the accountant’s “continuing representation” after the client’s financial harm became known should postpone commencement of the limitations period for a claim against the accountant. In this case the court upheld summary judgment in…
On December 13, 2006, the Indiana Court of Appeals reviewed the statute of limitations applicable to claims of accountant malpractice. In so doing, it also considered whether the accountant’s “continuing representation” after the client’s financial harm became known should postpone commencement of the limitations period for a claim against the accountant. In this case the court upheld summary judgment in…
Are your clients envious of new businesses moving to town and receiving tax abatement on a new plant or equipment? They, too, often upgrade or expand their business building or install new equipment. Why shouldn’t they receive a similar credit for their investment? Well, now they can. Starting in 2006 taxpayers who qualify can obtain a “capital investment deduction” on…