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01.30.18

Don’t Delay – What You Need to Know About Delay Damages
Anita S. Wescott

It is bound to happen occasionally. A perfectly timed construction project hits an unexpected snag, leading to major financial repercussions. When an owner causes the delay, the parties may wind up in court to determine how to allocate damages — no easy task when a contractor’s costs span multiple projects. This article reviews two ways to determine overhead allocations and discusses other damages contractors may seek.

01.26.18

The Effects of Tax Reform on Charitable Donations
Laurence A. Sophian

In December 2017, the Tax Cut and Jobs Act became law.  This law, which represents the biggest overhaul of the tax code in over 30 years, does not, at first glance, seem to have a big impact on charitable donations. In fact, in one area, the limits on charitable donations became more liberal. However, when […]

01.24.18

What the New Tax Law Means for Law Firms
Robert G. Swenson

Just before the end of 2017, President Trump signed into law the Tax Cuts and Jobs Act (TCJA). Many types of businesses stand to benefit from the sweeping legislation, but the boon for law firms is limited. Here’s a quick review of the TCJA and some of its impact on law firms. The Pass-Through Deduction […]

01.15.18

Target Date Funds – Confusion?
James G. Quaid

The proliferation of target date fund (TDF) varieties can confuse many plan sponsors. One survey found that while nearly two-thirds of plan sponsors consider investment performance the most important selection criterion when choosing a TDF for their participants, more than half are not confident that they have a solid basis for benchmarking the TDFs against […]

01.10.18

Start the Year Right: Review Withholding and Estimate Tax Payments
Adam M. Levine

Has this ever happened to you? Income tax time rolls around and you realize that over the course of the year, you haven’t withheld enough or failed to make estimated tax payments that you should have. You now owe the IRS money, even before factoring in underpayment penalties and interest. Many taxpayers make this mistake, […]

01.05.18

When is it Best to Claim Social Security?
Peggy Vyborny

Do You Know When Your Employees Will Retire? Your employees’ retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company’s plan. Another key variable is Social Security, but the Social Security benefit-claiming strategy that is best for them is not always easy to determine. However, online Social […]

12.26.17

How Will the Tax Cuts and Jobs Act Affect Your Not-For-Profit?
Caitlin G. Gibbs

As you are likely aware, Congress recently passed sweeping tax reform. While individual and corporate tax cuts are not something you immediately think about when budgeting for your not-for-profit organization, some of the new changes could potentially have an impact on donor giving. After much debate, the Tax Cuts and Jobs Act was passed by […]

12.19.17

2017 Year-End Individual Income Tax Planning in Consideration of the Tax Cuts and Jobs Act
Anna M. Coldwell

On Tuesday, December 19, 2017, the House of Representatives voted to pass the Tax Cuts and Jobs Act (TCJA). The Senate was expected to vote on the bill shortly thereafter. The TCJA combines the House and Senate versions of the proposed tax reform. If the bill is enacted, it will be the most comprehensive tax […]

12.15.17

Environmental Due Diligence Can Preempt Costly Liability
Michael J. Kovacs

If you buy property with environmental issues, you may be liable, even if you were not responsible for the presence of contaminants. To best protect yourself, be sure to include environmental review as part of your due diligence. Why Conduct Environmental Due Diligence The most obvious reason investors conduct environmental due diligence is to know […]

12.14.17

When Should you Buy or Lease Office Space?
Kalman K. Shiner

Like many businesses, law firms often face the quandary of deciding to purchase or lease office space. While property ownership comes with several potential financial and tax benefits, it also frequently brings hassles and headaches that you can avoid by leasing space. The correct choice will depend on your firm’s current financial, competitive and geographic […]

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