KEN KIRSCHENBAUM, ESQ ALARM - SECURITY INDUSTRY LEGAL EMAIL NEWSLETTER / THE ALARM EXCHANGE You can read all of our articles on our website. Having trouble getting our emails? Change your spam controls and white list ken@kirschenbaumesq.com ******************************* Sale Ends Today / Comment on New Year’s resolutions / Prevailing wage January 10, 2020 *************** Contract Sale Ends Today - last chance this year to save thousands on alarm contracts **************** Contract sale ends today at midnight EST. Don't miss your chance to save thousands.This will definitely be the best deal of 2020. Changes have been made and you should check with our Contract Administrator, Eileen Wagda, at 516 747 6700 ext 312 to see if your form needs updating. We starting adding the updates several months ago so you may be up to date. Keep in mind that our updates are free for 6 months and half price for 12 months***. Updates will be prepared and sent out after the new orders are processed. The sale ends January 10, 2020, so please be patient. When you place the order the full price will come up. We will apply the discount manually when we process the order. Contracts will be delivered by email only.
Here's the deal: Buy 1 Residential, Commercial or Fire All in One and get $100 off and $50 off Disclaimer Notice Buy 2 All in One forms and get $100 off first and $200 off second and $75 off Disclaimer Notice and $100 off alarm.com rider. Save up to $475. Buy 3 or more All in One forms and get same as above and $300 off the third form and $400 off the fourth form. Save up to $1175.00 [Residential, Commercial, Fire, Home Automation] Commercial Mobile Surveillance Lease $1000. Save $500 The Fire All in One with Security Rider $1250.00. Save $325.00 Add the Commercial Fire All in One and the Commercial All in One and get $200 off each. Save $800.00 Qualifier Agreement $1200.00 Save $300.00 Nationwide DIY with monitoring. $3500.00 Save $1000.00** Nationwide PERS with or without GPS tracking. $3500.00 Save $1000.00** * Your order must be placed on line at www.alarmcontracts.com and received by our office no later than January 10, 2020 by midnight EST. Orders must contain valid credit card payment and be processed; you will receive confirmation. Fill out the order form; the full prices will show and we will apply the discount before processing the order. Orders arriving after sale ends will be processed at regular published rates. Orders will be processed in order received. Rush orders, delivered by email within 48 hours, add 15% - call Eileen to process. Concierge Clients will receive their Concierge Program Discount on the Sale Price. Sign up for the Concierge Program before placing your contract order to receive the additional discount.
** Does not include consultation or modification What's our Guarantee policy re updates? Free updates within 6 months of purchase*** Half price within 6 months to 1 year*** *** applies to original purchase only To check if you need or are entitled to an update contact our Contract Administrator Eileen Wagda at 516 747 6700 x 312. Free or half price orders are processed after full price or discounted orders are processed. ********************* Comment on New Year’s resolutions ********************* Ken, Great to see your New Years’ Resolutions in the December 31, 2019 email. I want to emphasize that you are absolutely correct regarding getting solid tax advice. In your email you state that companies should consider electing to be an S Corporation. You also recommend that companies use the cash basis of accounting for income tax purposes. I just want to add that every company has its own situation and that it is important that your legal advisors understand not only the company but the industry that it operates in. If an owner is using Kirschenbaum, the legal part of the puzzle is solved. When getting tax advice be sure that the tax advisor knows what your company does and can advise you properly. S Corporations are typically the best form of business for tax purposes, but converting takes a little bit of planning, typically just a few hours. Making the Election is easy but, if it isn’t done properly, you can create issues. Talk to your tax advisor and make sure that they understand your true financial and tax situation. If you have as few as 500 accounts you could end up paying an extra $200,000 in taxes when you sell. Mitch Reitman Reitman Consulting Group Worth, TX 817-698-9999 http://www.reitman.us ******************** Response ******************* Tax advice is a necessary evil, right up there with visiting your dentist. You have to do it, and great tax advice is worth more than any gold tooth your dentist may try selling you. I often get calls on accounting and tax issues and I always respond the same way: If you don’t have a great tax advisor then call Mitch Reitman; he’s alarm industry savvy, knows tax issues affecting the alarm industry and I bet knows a few other things too. He’s listed on The Alarm Exchange for a reason, you can depend on him. ******************* Prevailing wage ******************* Ken First off, thank you for being such a great help to our industry over the so many past years. We have used your contracts and documents for many years now. Recently we have entered into a contract to install fire, security, CCTV, and access control for an existing client moving into a different building. Our client is a "Township" that requires "Prevailing Wage" rules in Illinois. I was hoping that you could shed a little light on some of our questions:
1.) Do our salaried (managers) have to be included in these rules?
2.) If we hire subcontractors to assist with the installation, are they subject to these rules also?
3.) What "category" of wage do we have to pay? In searching so many sites online, we can't really find a proper low voltage alarm installer category (or similar).
The closest we can find is "communication electrician". Should we use this category? I hope you can shed a little light on this subject. Thank you in advance. Best Regards, Name withheld ******************* Response ******************** For most of you prevailing wage requirement is right up there with
* talking to your accountant
* visiting your dentist
* updating your contracts, which you need to do right now if you want the sale price
In Illinois the closest category for prevailing wage is the Communication Electrician. I don’t know the rate, but I’m told that’s the correct category. Don’t ignore prevailing wage requirements in your contracts. You see prevailing wage requirements in contracts with municipalities and sometimes large institutional customers. If you get caught ignoring the prevailing wage you can be deemed in breach of the contract and terminated. Add salt to the wound, your employees can sue you for their short wages. ******************** To order up to date Standard Form Alarm / Security / Fire and related forms, click here:www.alarmcontracts.com ************************* CONCIERGE LAWYER SERVICE PROGRAM FOR THE ALARM INDUSTRY You can check out the program and sign up here: https://www.kirschenbaumesq.com/page/concierge or contact our Program Coordinator Stacy Spector, Esq at 516 747 6700 x 304. *********************** NOTICE: You can always read our Articles on our website at ww.kirschenbaumesq.com/page/alarm-articles *********************** THE ALARM EXCHANGE
This area is reserved for alarm classifieds, alarm company announcements, solicitations, offers, etc. There is no charge to post a listing here.Include your contact information, phone, email and web site. If you would like to submit a post, please send an email to ken@kirschenbaumesq.com. To create a reciprocal link to our website, click here. ************************************************ Getting on our Email List / Email Articles archived: Many of you are forwarding these emails to friends or asking that others be added to the list. Sign up for our daily newsletter here: Sign Up. You can read articles and order alarm contracts on our web site www.alarmcontracts.com ************************** Ken Kirschenbaum,Esq Kirschenbaum & Kirschenbaum PC Attorneys at Law 200 Garden City Plaza Garden City, NY 11530 516 747 6700 x 301 ken@kirschenbaumesq.com www.KirschenbaumEsq.com
