Posted by Matt Rager and Kristin Spengler Whether or not there is an immediate need to file for bankruptcy, it is important to understand the possibilities when it comes to protecting your assets and understanding your options. You can protect your assets prior to filing, or, if at a point...
Read MorePosted by Deb Elfers, Jacqueline Kandray and Phi Bui Wills and trusts are common estate planning tools individuals use to manage their assets and distribute their wealth after passing. The use of both of these vehicles can ensure your assets and possessions end up where you want them. While a...
Read MoreThe “call” for simplification has been answered! We’re talking, of course, about an amendment to FASB’s Accounting Standard Update (ASU), Compensation–Stock Compensation (Topic 718). The amendment clarifies and illustrates when it is appropriate to account for...
Read MoreThe early years of a startup are challenging as you navigate financing, hiring, development and managing operations. If state tax considerations are one of the last things on your business’ to-do list, you’re not alone. With the finite resources that come with starting a company from...
Read MoreA recent ruling in a federal district court has changed the Corporate Transparency Act’s (CTA) beneficial ownership information (BOI) reporting requirements for some, but not all. It’s important to understand if you are part of the group that no longer needs to file, or if the filing...
Read MoreIf your fund or portfolio company is considering acquiring a pass-through entity this year, such as an S Corporation, advance planning can be the key to help minimize purchase price adjustments due to a seller’s tax burden. In particular, recently created state elections for pass-through...
Read MoreHave you been asked to provide personal, confidential information for a Beneficial Ownership Information (BOI) report, as mandated under the federal Corporate Transparency Act (CTA)? Or are you a beneficial owner in several companies required to file a BOI report for each? Whether you are...
Read MoreUPDATED 8/14/24 On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New York LLC Transparency Act (NYLTA). The NYLTA is modeled after the beneficial ownership information (BOI) reporting requirements under the Federal Corporate Transparency...
Read MoreAs a closely held business owner, the value of your business is one of the most important factors in assessing your personal financial health and driving positive outcomes when it comes to your goals. More often than not, a significant portion of your net worth is tied to the value of your...
Read MoreOn January 24, 2024, a South Carolina Appeals Court affirmed that Amazon Services LLC was required to collect and remit sales tax on products sold on its marketplace for the period January 1, 2016, to March 31, 2016, totaling approximately $12.5 million. The case underscores the need for...
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