Category: Articles, Automotive/Trucking, Business & Commerce, Resources for Attorneys, Resources for Experts, Transportation MAP 21: The New Transportation Law Providing Penalties for Illegal Brokering TASA ID: 2109 Here, it comes to pass that MAP 21 requires the complete and utter legal separation of the businesses trucking from brokering according to the FMCSA (49 USC 13902 [6]). Motor carriers can no longer broker as they always operated when accepting more freight than equipment to handle. Motor carriers simply “brokered” the overload to other motor carriers without a license. Read more
Category: Business & Commerce, Financial/Economic Preventing Corporate Fraud TASA ID: 321 Fraud can happen in a business of any size, but small businesses are often targets of fraud. According to the American Institute of Certified Public Accountants, small and midsize companies suffer more losses due to fraud than their larger counterparts. Experts estimate that companies lose 5% to 6% of their annual revenue to fraud, so every company should have a comprehensive fraud prevention program. Read more
Category: Business & Commerce, Financial/Economic What Is Your Firm Going to Be Worth in 10 Years? TASA ID: 4374 Perhaps the most rigorous way to calculate the value of a firm is by using discounted cash flow (DCF) analysis. When we use DCF analysis, we build a detailed forecast of the firm’s sales, costs and expenses, and long-term capital investments. We then use those forecasts to calculate the “free cash flow,” or the cash that will be available to the firm’s investors, over the life of the firm. Read more
Category: Business & Commerce, Entertainment Case Study: Guild Residual Calculations - Studio vs. Independent Film Models TASA ID: 3919 The Writers Guild of America (WGA), Screen Actors Guild (SAG), and the Director’s Guild of America (DGA) track the international box office, DVD, VOD, and television revenues of films around the world in order to assess the correct residual amounts for their members. The challenge facing the producer; however, is that the Guilds utilize the same accounting methods to assess royalties with independently financed films as they do the studio financed films, and; therefore, the producer can be overcharged dramatically on an indie film. Read more
Category: Aviation, Business & Commerce, Employment How to Value Airline Pilot Careers: The $8 Million Dollar Man has Wings! TASA ID: 616 Airline pilot careers are much more valuable than many attorneys, spouses, and even the pilots themselves often realize. Even after all of the well-publicized pay reductions and retirement plan failures at our established legacy passenger airlines, these careers are still providing high career values. Read more