Category Archives: Uncategorized
Obamacare: Businesses Need to Start Planning
Many of the tax-related provisions of Obamacare–the Patient Protection and Affordable Care Act or the “Act”—will require businesses to take action this year and next. Here is a short summary: W-2 reporting Employers that filed 250 or more 2011 W-2 … Continue reading
New California Law Protects Religious Dress and Grooming in the Workplace
On September 8, 2012, the Governor of California signed into law Assembly Bill 1964, amending the existing state law that protects individuals from employment discrimination based on race, religious creed, color, national origin, ancestry, physical disability, mental disability, medical condition, … Continue reading
Three Mistakes Common to Privately Held Businesses
Underestimating Regulatory Risk Regulatory compliance may seem like a nuisance or a “necessary evil” to most business owners but, if neglected, it can actually be much worse than that. Three trends appear to be emerging in this area. First, the … Continue reading
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Possible Tax Law Changes — January 1, 2013
If Congress allows the so-called “Bush tax cuts” to expire at the end of this year—a not unreasonable assumption–the personal tax rates on ordinary income will increase as follows: Unmarried Filers Married Joint Filers Marginal Rate … Continue reading
The “LLC Veil”: Thinner than it Appears?
In two recent court cases, one in New York (applying Delaware law) and one in Colorado, the courts allowed the “veil” of an LLC to be pierced on the basis that the LLC was the “alter ego” of the owners. … Continue reading
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Corp and LLC Name Requirements and Restrictions: State by State
The following link leads to a chart that shows the requirements for and restrictions on the names of corporations and LLCs under the laws of each State: What’s in a name? That which we call a rose. . . … Continue reading
Sell Your Business in 2012 to Avoid Higher Tax on Capital Gains and the New Medicare Tax?
If you have been thinking about selling your business, you might want to consider a sale before the end of 2012. Otherwise, the tax consequences could be noticeably worse. Capital Gains For shareholders who have held their shares for more … Continue reading
NLRB Poster Requirement: Another Interesting Development
In our post of August 30, 2011, we noted that the National Labor Relations Board (NLRB) had adopted a final rule requiring most employers to notify employees of their rights under the National Labor Relations Act (NLRA) by posting a … Continue reading
New Section 6050W of the Internal Revenue Code: How Might it Affect Your Business?
New Section 6050W of the Internal Revenue Code, which was added by Section 3091(a) of the Housing Assistance Tax Act of 2008 (the “Act”), requires all credit card processors (such as LawPay, First Data and TSYS) and third-party payment aggregators … Continue reading
“Back Door” SEC registration – Some Filing Issues
“Back door” registration occurs when a private operating company acquires a SEC-registered public shell company and then the parties enter into a “reverse merger”, i.e., the acquiring company (the private operating company) merges into the acquired company (the SEC reporting … Continue reading