Rushing & Guice Blog

Business Law and Contracts
When it comes to practicing business law, contracts between two people or entities can be the source of many litigations and therefore the wording of the contract must be carefully considered if both parties are to attain their goals. The Mississippi Bar Association defines a contract as a binding promise between two competent parties that is enforceable by law. It must also include the exchange of something...
HOW LONG SHOULD YOU KEEP TAX RECORDS?
The length of time you should keep a document depends on the action, expense or event which the document records. Generally, you must keep records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. The period of limitations is the period of time in which you can amend your tax return to claim a...
WHAT IS THE SHERMAN ANTITRUST ACT AND HOW DOES IT APPLY TO FORECLOSURE SALES?
The Sherman Antitrust Act was enacted in 1890 to curb concentrations of power that interfere with trade and reduce economic competition. It was named for U.S. Senator John Sherman of Ohio, who was an expert on the regulation of commerce. One of the act's main provisions outlaws all combinations that restrain trade between states or with foreign nations. This prohibition applies to any agreement to fix prices, limit industrial output,...
Knowing When Accounting Malpractice Occurred Is Important
In the state of Mississippi, the statute of limitations for filing a suit against a professional for breach of contract or negligence is three years. That means any action must be filed within three years from the time the wrongdoing occurs or accrues. Certain mistakes an accounting professional has made due to negligence, such as a poorly performing an audit that led to a payment of back taxes...