Authored by Mark Lobb and David Kotik Last year at this time our clients were being flooded with news and updates about possible new and draconian tax and estate planning laws being implemented at the federal level. Significant changes may still occur in 2022, but the vitriolic attacks on businesses and wealthy individuals in Washington […]
Due to changes enacted by the Tax Cuts and Jobs Act of 2017, bonus depreciation was significantly enhanced and can present advantageous planning opportunities for taxpayers who take action before the enhancements expire. Such planning opportunities can even include being able to expense the full value of a corporate jet in the year of purchase,
Bonus Depreciation – Use It or Lose It! Read More »
Is your employee handbook updated? There were substantial changes to employment laws in 2021 with more being implemented in 2022. Are your corporate filings up-to-date and are your records current? Are you aware of new federal reporting requirements for 2022 and prepared to comply with the new rules? Have you considered the California state and
Close of the Year Checklist Read More »
Authored by Sara Mostafa The following article regards certain significant new California employment laws that will take effect January 1, 2022. We advise you to review the contours of these laws carefully and alter your policies accordingly. We are available to assist you with updating your policies and employee handbooks and in connection with any
California Employment Law Updates for 2022 Read More »
Authored by Mark Lobb and Sean C. TannenbaumAs we close out 2021, there is still uncertainty as to the law changes brewing in our nation’s capital. Although the Build Back Better Act (the “Act”) is still being debated, the issues on the table relate to the amount of spending and not the meat of the
Employment Law, Taxes, Corporate Law – 2022 Planning Considerations Read More »
Authored by Mark LobbNevada remains one of the top states California residents are moving to as the result of various reasons. In 2019 and 2020, the combined total number of California residents who surrendered their drivers licenses to the State of Nevada was just over 70,000. In 2020, Californians represented 43% of those from out-of-state
Authored by Chandra Winter California employers often feel they are navigating a mine field when it comes to maintaining wage and hour compliance in the ever-changing landscape of California law. One of the latest changes to that landscape, AB 1003 was signed into law by Governor Newsom on September 27, 2021 and will go into effect
CALIFORNIA EMPLOYER UPDATE: Intentional Wage Theft to Carry Increased Criminal Liability Read More »
Authored by Mark Lobb A revised 1,684 pages of the Build Back Better Act (the “Act”) was released on October 28, 2021. This revised text was referenced by President Biden as the “Framework.” The prior proposed changes in the Act which would have substantially altered traditional estate planning with grantor trusts and other items have
Current Status of Trust and Estate Planning: Rule Changes Remain Fluid in Washington Read More »
Authored by Kevin Abbott In the course of representing our business clients, far too often we see well-meaning laws turned into a method for attorneys to wring money out of profitable enterprises on flimsy rationales. We have seen this in employment claims, ADA claims, and now most recently in claims that clients have violated California’s
Litigation Update Proposition 65 Enforcement Actions Read More »
Co-authored by Mark Lobb & Braden Lobb California has taken a welcome step towards allowing certain business owners to mitigate the effects of the $10,000 federal limit on the SALT deduction limitation implemented under the Tax Cuts and Jobs Act. On July 16, Governor Newsom signed into law Assembly Bill 150 (the “Bill” or “AB-150”).
California SALT Deduction Limitation Work-Around Read More »
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