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Tag: tax


Business Law & Regulations, Employment & Labor

How to Do Payroll in Excel in 7 Steps + Free Template

June 14, 2021

Via: Fit Small Business

Doing payroll in Excel is best for businesses that need to pay 10 or fewer employees and operate in states without complex labor and tax laws. With our free payroll Excel template, you can save time and process payroll efficiently […]


Tax Code, Regulations and Guidance

Ninth Circuit Holds Tax Form is Substance

June 4, 2021

Via: National Law Review

The substance over form doctrine (and related step transaction and economic substance doctrines) are often invoked by courts to disallow tax consequences that seem too good to be true. Courts have struggled for years with how to properly apply these […]


Business Law & Regulations, Finance

IRS Publication 552 Definition

May 27, 2021

Via: Investopedia

A document published by the Internal Revenue Service (IRS) that provides information on which documents to keep on file and for how long, for tax filing purposes. The IRS suggests keeping accurate records in order to identify sources of income, […]


Business Law & Regulations, Finance

Law firms in Am Law Second Hundred saw gross revenue increase slightly; which virtual firm cracked the list?

May 21, 2021

Via: ABA Journal

The law firms ranked 101 to 200 for gross revenue had a respectable year in 2020, but their numbers are still well below law firms in the top 100, according to results published this week by the American Lawyer. Gross […]


Business Law & Regulations, Employment & Labor

NLRB Irregularity Overturns Union Certification

May 18, 2021

Via: SHRM

The U.S. Court of Appeals for the District of Columbia Circuit declined to enforce a National Labor Relations Board (NLRB) decision that an employer refused to bargain with a union. The NLRB was at fault in preventing at least one […]


Tax Code, Regulations and Guidance

How Does a Tax-Free Exchange Work?

May 12, 2021

Via: Investopedia

Benjamin Franklin said, “Nothing is certain but death and taxes.” No matter how hard you try to avoid them, there comes a time when you’ll have to face one, and then the other. Taxes are generally an obligation most people […]


Business Law & Regulations, Finance

SAFE Banking Act Definition

May 6, 2021

Via: Investopedia

The Secure and Fair Enforcement (SAFE) Banking Act was first introduced to Congress in May of 2017 under the sponsorship of Sen. Jeff Merkley (D-OR) and Rep. Ed Perlmutter (D-CO).1 It has been reintroduced several times, the latest in 2021 […]


Tax Code, Regulations and Guidance

Biden Plan Limits Tax Break Used by Farmers

May 6, 2021

Via: The Wall Street Journal

President Biden has said his tax proposals would make big business and wealthy investors pay their fair share. His package would also likely deliver a blow to American farm owners by limiting a longstanding tax break. The provision allows landowners […]


Business Law & Regulations, Employment & Labor

DOL Withdraws Independent-Contractor Rule

May 5, 2021

Via: SHRM

The U.S. Department of Labor (DOL) is officially withdrawing the prior administration’s independent-contractor rule, which would have made it easier for businesses to classify workers as independent contractors rather than employees. “The department believes that the rule is inconsistent with […]


Tax Code, Regulations and Guidance

U.K. Open to U.S. Proposals for Global Minimum Corporate-Tax Rate

May 4, 2021

Via: The Wall Street Journal

LONDON—The U.K. is open to U.S. proposals for a global minimum corporate-tax rate, provided that it goes hand-in hand with a fairer split of the tax take from U.S. tech giants, U.K. Treasury Chief Rishi Sunak said. Mr. Sunak’s remarks […]