Tag: finance

July 25, 2024

Let’s face it: the way people shop and pay has changed dramatically over the past few years. As consumers now tap their phones to pay for coffee, order groceries through an app delivery service or discover new products through social […]

July 24, 2024

On July 15, 2024, Governor Newsom signed Assembly Bill (AB) 1870, which mandates that employers include information in their notices about an injured employee’s right to consult with a licensed attorney for advice about workers’ compensation law and that attorneys’ fees […]

July 22, 2024

The tax treatment of the income stemming from a carried interest is not clearly regulated in the German tax law and often subject to discussions with the tax authorities in Germany. A long-standing approach of the German tax authorities was […]

July 19, 2024

In August 2023, the US Internal Revenue Service (“IRS”) proposed regulations to fulfill the Congressional mandate to require US tax reporting of digital asset transactions by brokers and other intermediaries.1 After evaluating more than 44,000 comments, the IRS has reworked […]

July 17, 2024

The Washington, D.C. Office of Tax and Revenue recently published guidance on how the Transfer Tax on Real Property (“D.C. Transfer Tax”) and Recordation Tax on Deeds (“D.C. Recordation Tax”, and collectively with the D.C. Transfer Tax, the “Tax”) apply […]

July 15, 2024

Republicans enter their convention this week with a somewhat limited tax platform, calling for a full extension of the 2017 tax law and an expansion of tax-advantaged 529 education accounts. But most of all, when it comes to taxes these […]

July 10, 2024

On July 1, amendments to Florida’s Consumer Finance Act took effect. Among other things, the amendments raise the maximum tiered interest rates on consumer finance loans, increase the grace period before late fees can be imposed from 10 to 12 days, require […]

July 2, 2024

With the salary threshold increase for exempt employees taking effect this Monday, businesses across industries are bracing for a transformative shift in their payroll practices. The Fair Labor Standards Act (“FLSA”) sets the federal minimum hourly wage and one-and-a-half rate […]

June 27, 2024

On June 6, New York Attorney General (AG) Letitia James filed suit against NovaTech Advisors, LLC, AWS Mining Pty Ltd., and several other entities, alleging the defendants orchestrated two consecutive, fraudulent cryptocurrency schemes that largely targeted Haitian nationals. Defendants Cynthia […]

June 18, 2024

Vermont has joined the growing list of jurisdictions with pay transparency laws. On June 4, 2024, Vermont Governor Phil Scott signed “An Act Relating to Disclosure of Compensation in Job Advertisements” (the “Act”). Pursuant to the Act, which will take effect […]

June 6, 2024

If you are in the process of long-term estate planning or updating an existing estate plan, the process for passing assets and accounts to your heirs is about to become much more difficult and expensive. Presently, each individual can pass […]

May 30, 2024

In Maia v. IEW Construction Group, the New Jersey Supreme Court decided a critical issue in employer’s favor regarding the “look-back” periods and availability of liquidated damages under New Jersey’s Wage and Hour Law (WHL) and Wage Payment Law (WPL). […]

April 30, 2024

Imputed income is the value of non-cash compensation that must be included as part of an employee’s taxable income. It’s crucial for small business owners to understand what imputed income is, as it directly affects payroll and tax reporting. By […]

April 25, 2024

Knowing how to invest in commercial real estate offers a lucrative opportunity for those looking to expand their investment portfolio beyond traditional stocks and bonds or residential real estate. Successful commercial real estate investing for beginners requires a deep understanding […]

April 22, 2024

On April 16, 2024 (Budget Day), the Government of Canada released its 2024 federal budget (Budget 2024). While the biggest headline item in Budget 2024 is a proposal to increase the capital gains inclusion rate from one-half to two-thirds, Budget […]

March 28, 2024

A federal court in Chicago recently granted a preliminary injunction enjoining the Illinois Department of Labor from enforcing one of several amendments made in August 2023 to the Illinois Day Labor and Temporary Labor Services Act (the “Act”). The amendments […]

March 15, 2024

On 15 March 2024, the Council of the EU published the updated text of the proposed Regulation amending the Single Euro Payments Area Regulation, the Cross-Border Payments Regulation, the Settlement Finality Directive and the Second Payment Services Directive as regards […]

March 4, 2024

After targeting credit card late fees in its proposed rule, the CFPB has set its sights on further attacking credit card pricing through interest rates. The CFPB published a blog late last month stating that credit card interest rate margins […]

March 1, 2024

Some small businesses, such as those that offer subscriptions, need to store customer credit card details. However, card networks take the security of credit card data seriously and employ strict merchant guidelines for storing credit card information. We provide an […]

February 26, 2024

The Federal Labor Government (Government) has completed its third tranche of workplace relations reform with the recent passage through Federal Parliament of its Fair Work Legislation Amendment (Closing Loopholes No. 2) Bill 2023. Along with its ‘Secure Jobs, Better Pay’ […]