The IRS has recently committed substantial audit resources toward small and mid-market companies that are involved with or have formed captive insurance companies under Section 831(b) of the [...]
Pennsylvania is offering a tax amnesty program. Act 84 of 2016 authorized the Pennsylvania Department of Revenue to administer a Pennsylvania Tax Amnesty Program. The Amnesty period will run from [...]
New Proposed IRS Regulations Will Eliminate Most Valuation Discounts
In Tax and Estate Planning PostedOn August 4, 2016, the IRS issued proposed regulations that would eliminate most valuation discounts for family-owned entities. The proposed regulations will be effective 30 days after they [...]
Assets owned in a revocable living trust go directly to named trust beneficiaries when you die, eliminating the process of probate from their assets. That can make a living trust a valuable [...]
A Healthcare Power of Attorney may be one of the most important documents a person executes and has in effect, especially for a young adult. Many families plan for Mom and Dad with the possible [...]
New Forum for Trade Secret Protection
In Information and Business Technology, Intellectual Property, Risk Mitigation PostedPresident Obama recently signed the Defend Trade Secrets Act into law. The bill raises trade secret protection to a federal cause of action and attempts to create more consistent protection for [...]
Under current law, employers with 100 or more employees must submit EEO-1 reports to the EEOC on an annual basis to provide data on their employees’ ethnicity, race and sex by specified job [...]
The phase-out of Pennsylvania’s Capital Stock Tax & Franchise Tax was final as of January 1, 2016. This phase-out had been proposed for many years, however, the elimination of the tax [...]
With the recent dip in the stock market, now may be an excellent time to consider converting your Traditional IRA to a Roth IRA. Converting your IRA to a Roth IRA will subject your IRA to income [...]
The City of Pittsburgh’s new paid sick leave ordinance, which was set to take effect this month, has been struck down by the Allegheny County Court of Common Pleas. Judge Joseph M. James ruled [...]
