BusinessWorld Online: Economy

May 252016
 

The digital age has reintroduced data as a crucial resource for businesses. Data is now a precious asset that you can convert to valuable and useful information to help your business grow. Needless to say, if data is not being carefully safeguarded, opportunities and even confidential information may be lost. The recent data breach in the Commission on Election Web site has placed people’s privacy at risk, ranging from access to their bank accounts to using their personal information for impersonation, fraud, and much more. This and other similar incidents have reinforced the business community’s concern over the security of their data. They ask: “How will I know if my data is being breached when the thieves are just there, lurking in the dark?”

May 232016
 

When I started practicing in tax law, the rules in determining fair market value of shares of stocks were quite simple. We were instructed to rely on the book value of the shares of stock based on the latest audited financial statement of the company which issued the shares. There were certain adjustments, of course, but generally, the book value is quite reliable.