Category: Legal

July 25, 2024

The IRS is urging taxpayers who requested an extension to file their taxes to utilize IRS Free File and other resources on IRS.gov over the summer rather than waiting until the October deadline. By doing so, taxpayers can avoid the […]

July 11, 2024

With teams being more dispersed than ever before, efficient document management has never been more important. But many organizations struggle with inefficient document management workflows that impede document retrieval and usage or fail to meet data security standards. This article […]

July 1, 2024

Singapore is famous the world over for its unique laissez-faire approach to business. Not only do businesses enjoy very favorable tax rates but incorporating a business only takes a day in the city-state. However, this freedom to do business is […]

June 25, 2024

The city of Minneapolis is considering creating a new labor standards board to provide recommendations about potential regulations. Proponents say that the board would create more labor-friendly policies to support the local workforce. But many small businesses in the city […]

June 20, 2024

Let’s talk about lawyers… Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well. There is a line that should be drawn […]

May 29, 2024

The Corporate Transparency Act requires LLCs, Corporations and other business entities to provide Beneficial Ownership Information to the U.S. Treasury Department. Companies failing to do so face stiff penalties. The new federal regulation threatens small businesses with $500 a day […]

May 17, 2024

The National Federation of Independent Business (NFIB) has filed an amicus brief in the case of Ryan, LLC v. Federal Trade Commission (FTC) at the U.S. District Court for the Northern District of Texas. The brief supports a challenge to […]

May 6, 2024

Legal challenges are one of the issues that can throw your business off the right path. In the long term, it could mean that you struggle to keep your company operational. With that in mind, here are some of the […]

April 29, 2024

The Federal Trade Commission (FTC) has announced a final rule banning noncompete clauses nationwide, aiming to promote competition, protect workers’ freedom, and foster innovation. This decision is expected to generate more than 8,500 new businesses each year, raise worker wages, […]

April 18, 2024

Real estate investing is a great way to diversify your portfolio and generate relatively passive income. There can be significant real estate tax benefits, as well. Although each individual situation is unique—and it’s always a good idea to speak with […]

March 26, 2024

Federal regulations are intended to be an interpretation by administrative agencies of laws enacted by Congress. To say that regulations are out of control is an understatement. According to the 2023 Ten Thousand Commandments report, in the previous year, Congress […]

March 12, 2024

Estimated tax payments can be confusing, but they don’t have to be. Understanding the basics of estimated taxes and what you need to pay is key to making sure you stay in compliance with the IRS. Keeping up with estimated […]

February 19, 2024

Isabel Casillas Guzman, the U.S. Small Business Administration (SBA) Administrator, has unveiled an updated Equity Action Plan in a bid to foster inclusivity and economic opportunity. This initiative is set to transform the landscape for America’s 33 million small businesses […]

February 7, 2024

The H-1B visa is a non-immigrant visa category in the United States, allowing U.S. employers to hire foreign workers in specialty occupations temporarily. These occupations typically require specialized knowledge and skills, often in fields such as technology, science, engineering, mathematics, […]

January 29, 2024

As a business owner, understanding your federal, state, and local taxes is vital to your overall success. Knowing how and when to file reduces time spent navigating IRS forms — and helps you remain in legal compliance — so you […]

January 29, 2024

Small business owners have no shortage of responsibilities: marketing, payroll, HR, IT services, and more. For busy entrepreneurs, especially those not well-versed in the financial sphere, tax season may feel daunting. Fortunately, small business owners are often eligible for several […]

January 24, 2024

The Internal Revenue Service (IRS) has released initial guidance to assist employers in implementing pension-linked emergency savings accounts (PLESAs). This development follows the authorization of PLESAs under the SECURE 2.0 Act of 2022, aimed at encouraging employees to save for […]

January 24, 2024

The Treasury Department and Internal Revenue Service (IRS) have announced a transitional phase in the implementation of new reporting rules for small businesses dealing with digital assets. This move grants temporary relief to businesses from the stringent reporting requirements for […]

January 19, 2024

Losing a loved one is never easy. Amidst the grief, the legalities of settling their estate can feel overwhelming, especially in a complex legal landscape like Florida. Imagine Carlos, a young architect in Miami, grappling with the sudden loss of […]

January 16, 2024

The U.S. Small Business Administration (SBA) has taken steps to assist small businesses grappling with the challenges of loan compliance and repayment in the wake of the pandemic. In a move aimed at bolstering the financial health of small enterprises, […]