News & Insights

When business owners begin thinking about selling their company, one of the first questions they ask is, “What is my business worth?” While there are several methods used to value a business, one of the most common—particularly for small and owner-operated companies—is Seller’s Discretionary Earnings (SDE). Seller’s Discretionary Earnings represents the true economic benefit a single owner receives from operating the business. It is different from the net income figure at the bottom of you...

The 2026 FIFA World Cup is coming to North America this summer. Notably, 6 matches will be held at Lincoln Financial Field in Philadelphia, PA, with the first on June 14, 2026 and the last on July 4, 2026. MetLife Stadium in East Rutherford, NJ will also hold eight matches, the first on June 13, 2026 and the last with the World Cup final on July 19, 2026.

On December 18, 2025, President Trump signed Executive Order 14370 on expanding medical marijuana and cannabidiol (CBD) research. The Executive Order notes that in 2023, the Food and Drug Administration (FDA) completed a review of medical marijuana use and found scientific support for its use in treatment of pain and other symptoms from certain medical conditions. To date, forty (40) states have approved the use of medical marijuana. Despite the adoption of medical marijuana programs by states, ...

In the throes of winter, school bus drivers often idle their buses to keep the bus warm. But, contractors should keep in mind laws and regulations that limit the amount of time that diesel vehicles can idle. In Pennsylvania, the Diesel-Powered Motor Vehicle Idling Act (the “Act”) generally restrict owners of diesel-powered motor vehicles greater than 10,000 pounds from running the diesel engine for more than five (5) minutes within any sixty (60) minute period. 35 P.S. §4603(a). But, there are...

It’s the start of the new year, and for many contractors this means it is the start of the transportation contract bidding and renewal season. During this period, many contractors often seek clarity on legal requirements regarding school district Request for Proposals (RFPs), and the obligations of contractors responding to such RFPs.

A family business is more than just a company; it’s a legacy, or maybe it’s a retirement asset. Yet, without a thoughtful and strategic succession plan, that legacy or that retirement plan is at risk. Statistics show that many family businesses fail to survive past the second generation, some don’t even make it that far. Most often the culprit is lack of formal succession planning. The good news is that a structured approach can ensure a smooth handover, preserve family harmony, and set the b...

Many employers pay their salaried employees an annual salary amount that is paid in twenty-six biweekly installments over the course of each year, most often with payday on a Friday. But if the first Friday payday in 2026 is January 2nd, the last bi-weekly payday in 2026 will be Thursday December 31st, because Friday January 1, 2027 is a bank holiday and banks are closed. Most employers pay employees a day early if banks are closed on a Friday payday. As a result, there will be twenty-seven payd...