12.30.20

Best Ways to Optimize Your LinkedIn Connections in 30 Minutes a Week
Julie Savarino

Is it possible for busy lawyers and other professionals to develop business and clients using LinkedIn for only 30 minutes a week? And to do so without posting content? The answer is yes, but with some caveats. Read on for best practices, how tos, and tips. LinkedIn 2021 LinkedIn has now been around for over […]

12.29.20

Understanding Private Equity Investments in Defined Contribution Plans
James Pellino

The Department of Labor (DOL) recently released an “information letter” in response to inquiries from the private equity industry as to whether private equity investments can be offered to defined contribution plans. Per the DOL’s response, it will allow defined contribution plans to offer indirect investment in private equity funds. Is this a good fit […]

12.22.20

Capacity Building: Focus on Your Strengths, not Your Weaknesses
Sarah G. Widlock

The economic crisis may have your not-for-profit scrambling to find funding. But, equally important is making internal adjustments that can boost your ability to fulfill your long-term mission. Capacity building is one way your organization can increase its odds of doing just that. But, as it turns out, a traditional approach may not be the […]

12.21.20

What Was Old Is New Again With the “Kiddie Tax”

The changes made by the 2017 tax law – referred to as the Tax Cuts and Jobs Act (TCJA) – subjected a child’s unearned income to the estate and gift tax rates. Previously, the “kiddie tax” applied the parents’ marginal tax rate to a child’s unearned income in excess of a certain threshold ($2,200 in […]

12.14.20

Remote Work May Be Here to Stay — Are You Ready?
Harry Fox

The COVID-19 pandemic has forced many companies to shift gears and focus on ways to conduct business remotely. Many experts believe that the trend toward remote work will continue even after the pandemic is over. Unlike other businesses, manufacturers must continue to rely on workers on the shop floor, such as machinists, assemblers and repair […]

12.09.20

How Can You Avoid “Paralysis” When Making Key Decisions?

How many times have you wanted to improve some aspect of your medical practice but found yourself unable to take the necessary steps? How many times has a staffer come to you with an idea and been told, “Okay, let me think about that.” But, rather than decide, the hectic nature of running a busy […]

12.07.20

The Extended COVID-19 Qualified Opportunity Zone Relief Deadlines are Coming Due

The COVID-19 pandemic led the IRS to loosen a range of tax laws and regulations, including many deadlines. In June, the IRS issued guidance that provided relief from some qualified opportunity zone (QOZ) requirements — good news for investors with capital gains. With the end of the year approaching, many of those extended deadlines are […]

12.01.20

Final Meal and Entertainment Regulations — A Much-Needed Win for the Restaurant Industry
Thomas Pierce

As the restaurant industry continues to struggle amid the COVID-19 pandemic, any relief that can help restaurants boost their cash flow is welcome. Recently, the IRS issued final regulations regarding limits on the deductibility of meal and entertainment expenses. The regulations confirm that most entertainment expenses are nondeductible, but they clarify that some meal expenses […]

11.30.20

Keep it Simple! “Small” Manufacturers May Opt to Use Simplified Reporting Methods

The Tax Cuts and Jobs Act (TCJA) expanded the tax code’s definition of “small business” to include those with average annual gross receipts of $25 million or less (adjusted for inflation) for the three preceding tax years. Both the 2020 and 2021 inflation-adjusted threshold is $26 million. Manufacturers that qualify as small businesses may be […]

11.25.20

AI: From Hollywood Science Fiction to the Legal World
Joshua Goldschmidt

Artificial intelligence (AI) — the use of computers to perform tasks that typically require human intelligence — is no longer just the plot of Hollywood’s next dystopian movie. AI is already integrated in many aspects of our daily life including Netflix, Amazon and Spotify recommendations, phone-face recognition technology and what we see on social media. […]