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Effective royalty audits start with the license agreement
May / June 2016
Newsletter: Valuation & Litigation Briefing / Litigation & Valuation Report
Price: $225.00, Subscriber Price: $157.50
Word count: 789
Abstract: Licensing can be a significant source of revenue for clients who own patents, trade secrets and other forms of intellectual property. An effective royalty audit program protects that revenue stream. This article looks at why licensees may underreport royalties, including math or accounting system errors, misinterpretations of contractual language, and deductions of inappropriate expenses or allowances. It notes the importance of a well-thought-out audit provision. A sidebar explains that audits serve important nonmonetary purposes, as well.
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Costs vs. rewards in Roth 401(k)s
February / March 2009
Newsletter: Employee Benefits Update
Price: $225.00, Subscriber Price: $157.50
Word count: 789
Abstract: The Roth 401(k) is an employer-sponsored retirement account that employees fund with after-tax dollars. Because the contributions have already been taxed, participants receive the money tax free at distribution. And the earnings are tax free if they’re part of a qualified distribution. While your employees may like the sound of this, this article discusses what you need to know to determine whether a Roth 401(k) makes sense for your company.
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Put your audit in reverse to save tax dollars
Winter 2009
Newsletter: Manufacturer
Price: $225.00, Subscriber Price: $157.50
Word count: 789
Abstract: It’s a safe bet that the IRS will let a manufacturer know when it hasn’t paid enough sales and use taxes, but what are the odds that it’ll notify the company if it has paid too much? The chances are slim — so slim that many manufacturers use reverse audits to find overpayments and seek reimbursement on their own. This article discusses how a reverse audit works.