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 [...]
On December 18th, 2015, President Obama signed into law legislation that includes a permanent extension of the qualified charitable distribution (QCD) sometimes referred to as IRA Charitable [...]
The Standard. A trustee must manage a trust according to a “prudent person” standard. A trustee is a fiduciary, which means the trustee’s actions must be in the best interests of the [...]
On December 18, 2015, the Senate passed a $1.1 trillion tax package with over $600 billion in tax breaks. Please find below the changes that made Santa’s nice list. Affordable Care Act [...]
As the end of the year approaches, it may be prudent to consider making gifts and taking advantage of annual gift tax exclusions. For 2015, an individual is permitted to gift $14,000 per [...]
You receive a call at home telling you this is your final notice from the IRS and that the IRS is going to file a lawsuit for taxes owed. This call is a scam. The IRS will never telephone you [...]
The City of Pittsburgh has a new paid sick leave Ordinance which will require all employers that are situated or conducting business in Pittsburgh to provide paid sick leave to all full-time and [...]
Employers, employees and even equity holders should be mindful of company property ownership interests upon the employee or stakeholder’s separation from the company. A typical provision in a [...]
Withdrawing From a MEC Owned by a Life Insurance Trust The tax code limits the use of tax benefits of life insurance to accumulate cash with a small insurance benefit. Funding a cash-rich life [...]
This month the Department of Labor announced a proposed rule change that will provide overtime pay to lower-salaried employees. Currently, the Fair Labor Standards Act permits companies to [...]