News

Authored by Tim R. Plewe The IRS recently issued an extension of the 45-day and 180-day deadlines for 1031 exchanges for taxpayers residing in, or whose principal place of business or books and records are located in counties affected by the recent severe winter storms, flooding and mud slides throughout California (listed below). The 45-day […]

Authored by Kristin Gifford  and Natalia Mowery While California offers beautiful weather year-round, with the high cost of living and often ability to work from home, our firm has witnessed a rising number of Californians moving away from the Golden State.  To be sure to avoid unwanted California State tax, exiting Californians should carefully plan

Lobb & Plewe 2022/2023 Legal Checklist This checklist is not comprehensive of all the new laws affecting our clients in 2023, but it does include many of the changes requiring consideration.  If there is a specific concern not addressed here, feel free to contact me. Employment Law: Across the United States, minimum wage ordinances have been

Authored by Sara Mostafa The following article regards certain significant new California employment laws that will take effect January 1, 2023, or January 1, 2024, as indicated. 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

Authored by Mark Lobb Business Owner ConsiderationsDuring Volatile Economic Times On October 17, 2022, Bloomberg’s statistical projections showed a 100% probability of a recession within the next 12 months.  The US economy continues to reel from decades-high inflation, Federal Reserve interest rate hikes, and growing geopolitical tensions.  At the same time, many states continue to

Authored by Mark Lobb The Corporate Transparency Act (“CTA”) provides for the establishment of a beneficial ownership registry within the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). It requires non-exempt domestic and foreign companies to disclose information regarding their beneficial owners. The CTA’s legislative objectives are to foster greater corporate ownership transparency and to

Authored by Mark Lobb As we approach the last quarter of 2022, there are many new laws which businesses owners should be aware of to avoid possible lawsuits or fines.  Below are ten pending bills or laws for consideration: Pay Data Reporting: On September 27, 2022, Governor Newsom signed into law Senate Bill 1162.  This

Authored by Michael J. DeSantis In a recent ruling by the California Court of Appeal, the Court further complicated disputes between employees and employers when it ruled that an employee who settles individual claims against their employer for alleged Labor Code violations is not subsequently barred by claim preclusion from bringing a Private Attorney General Act (“PAGA”) enforcement action

Authored by Mark Lobb Pre-ESOP Planning Estate and Asset Planning Considerations There has been a recent increase in the number of business owners opting to use employee stock ownership plans (ESOP or ESOPs) as a succession tool.  The National Center for Employee Ownership (NCEO) estimates that as of 2022 there are roughly 6,500 ESOPs covering

Authored by Kristin Gifford Long, expensive, public. These are just a few words that describe probate. While probate is a process many people try to avoid, you may have experience with probate after the passing of family member or friend who did not complete their estate planning. Probate is a court-monitored process to settle the