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Expert's Corner


Small business must protect intellectual property

In our present knowledge-based economy, small business owners have a tradition of creating innovative products and good jobs and opening new sectors of the American marketplace. “Invent” or “die” is the motto under which small innovative high-tech businesses operate. The most precious asset for such business owners is the newly minted intellectual property that launched their business.

How reimbursement affects Nevada health care

It’s been in the air for much of the past year, and as many of the some-feared and some-promised changes have happened around us, those health care business owners who rely on insurance reimbursement wait with bated breath for a sign of what’s to come. The Trump Administration has promised, via stump speech and now executive order, the rapid repeal and replacement of the Affordable Care Act (Obamacare), but what is simple to say is often far more difficult to accomplish.

Lawmakers iron out recreational marijuana details

For this first time in the history of Nevada, possession of small amounts of marijuana is now legal. But, before rushing out to make your historic purchase, understand that the only people who can legally obtain marijuana in Nevada are those with a current medical marijuana card.

Health care records valuable on black market

While there is little that can be done to decrease the black-market value of medical records, much can be done about the vulnerability of health care businesses and institutions. Just like a jewelry store is likely to have better security than a t-shirt shop, so should health care data be protected with greater intensity than bulk e-mail or credit card information. Many are turning to cloud-based solutions because of the increased protection and redundancy it offers.

The 21st Century Cures Act: What it cures for the Nevada health care community (and what it doesn’t)

On Dec. 7, Congress overwhelmingly approved the 21st Century Cures Act, through a bipartisan effort, which has already secured the support of President Barack Obama. He is expected to sign it by the end of this year. According to the White House, the act promises to “allow for money to be pumped into biomedical research and speed the approval of new drugs and medical devices … (and) includes provisions to improve mental health care and combat opioid abuse.” This new law is not expected to be included in the anticipated Obamacare repeal.

Attracting and retaining top talent in the multigeneration workforce

A seismic shift is underway in today’s workplace. Two massive generations — the baby boomers and the millennials — with very different needs and expectations are testing the abilities of even the most adroit human resources department. HR managers and chief financial officers must decide how companies are going to source talent as managing the four-generation workforce presents new challenges.

President-elect Trump’s vision for U.S. health care and its effect on providers

A few days ago, one of the most virulent, emotional and taxing election cycles in American history came to a surprising and unexpected close with the election of our 45th president: Donald J. Trump. A great deal has been written regarding the effect of this election, historically, socially, politically and more — so we will offer no such commentary here. Rather, it is time to address how the election of President Trump will affect the business of medicine — specifically the effect on health care practitioners in Southern Nevada.

Keeping customers safe at your business: It’s the law

Whether your business is a restaurant, office or retail establishment, you have a responsibility to keep your customers safe while they are on your property. Premise liability, which concerns injuries due to unsafe or defective conditions on someone’s property, are largely preventable with the right planning.

Local high-rise market yet to rebound

It’s pretty clear from the last several quarters that Southern Nevada real estate is on a steady comeback that has washed away much of the after-effects from when the sector’s balloon burst in 2008.

How to Choose a CPA

This is the best time of year to establish a relationship with a certified public accountant. Why? Because you still have time to do some effective year-end tax planning and to provide some basic financial information to the CPA so that your tax season meeting will be meaningful and efficient.