Category: Finance

September 24, 2021

The Department of Labor (“DOL”) is relying on a recent Supreme Court decision to effectively extend the amount of time the agency has to bring fiduciary breach claims. DOL investigations often last years, so it is common for DOL to […]

September 17, 2021

For the last decade, crypto businesses have operated largely outside of the reach of global regulators. Entrepreneurs have created vast fortunes offering financial products that are not constrained by financial regulations. All of that is about to change. This week […]

September 15, 2021

Do Subsidies Help the Economy? Government subsidies help an industry by paying for part of the cost of the production of a good or service by offering tax credits or reimbursements or by paying for part of the cost a […]

September 14, 2021

If you can’t file your federal income tax return by the filing deadline, you can get an extension just by asking for it. You just need to submit an Internal Revenue Service (IRS) extension form, known officially as Form 4868: […]

September 14, 2021

People who are self-employed are required to send in quarterly estimated tax payments since tax is not withheld from their wages as it is for employees.12 But if your income varies from month to month or year to year, it’s […]

September 13, 2021

The 2021 tax season kicked off around two weeks later than normal this year, due to recent changes in the federal tax law. However, the delay shouldn’t affect when your tax refund will arrive. The majority of taxpayers should get […]

September 13, 2021

Tax liability is the payment owed by an individual, a business, or other entity to a federal, state, or local tax authority. In general, a tax liability is incurred when income is earned and when income is generated by the […]

September 9, 2021

When Are Quarterly Taxes Due? People who work for companies have estimated taxes withheld from their paychecks, but independent contractors, business owners, and those who live on investment income are required to proactively pay estimated taxes on a quarterly basis. […]

September 8, 2021

Senate Bill 447 (“S.B. 447”), which proposes a change to the current California law to allow recovery of noneconomic damages, such as pain and suffering, after a plaintiff dies is headed to the governor’s desk after the state Senate approved […]

September 7, 2021

As we previously reported, the American Rescue Plan Act of 2021 (ARPA) was signed into law on March 11, 2021, requiring, among other things, the Pension Benefit Guaranty Corporation (PBGC) to issue its implementing regulations by July 9, 2021. As […]