05.08.24

Delaware Statutory Trusts: Are They Right for You?
Tamara Partridge

Both established real estate investors and those interested in dipping their toes into the commercial real estate pool increasingly are considering acquiring interests in Delaware statutory trusts (DSTs). While these vehicles come with several potential benefits, they are not for everyone. Here is what you need to know. How DSTs Work When you invest in […]

04.25.24

Crowdfunding Comes with Tax Risks
Sarah G. Widlock

Crowdfunding campaigns are designed to raise money for individuals or causes and have risen in popularity in recent years. Some not-for-profits have benefited from the trend, but supporters and organizers of crowdfunding campaigns may not understand the tax implications. These can differ significantly from tax rules for traditional charitable giving. If your organization is considering […]

04.19.24

Ways to Save in 2024: Managing Workers’ Compensation and Unemployment Insurance Costs
Seamus M. Donoghue

It is no secret that labor costs are a significant expense for most manufacturers. Two important labor-related costs are your workers’ compensation and unemployment insurance. Let’s take a look at steps you can take to help manage these costs. Workers’ comp costs Most states require employers to maintain workers’ comp insurance. Many manufacturing employees perform […]

04.09.24

Are Your Employee Benefit Plans in Compliance?
Heather Sinclair-Smelley

This blog is a general overview of the requirements of employee benefit plans.  What are employee benefits? An employee benefit is any perk or additional benefit provided to employees in addition to their base salaries. This could include retirement benefits, health benefits, life insurance, paid time off and more. The benefit may be mandatory or […]

04.02.24

It is Time to Get Serious About Digital Marketing
Jeffrey A. Hild

For many law firms, digital marketing still remains an afterthought. However, simply having a stagnant website, an occasional blog and limited social media presence will not cut it, regardless of your firm’s size or specialty. The competition for legal services is simply too fierce. If your firm is looking to develop or revamp its digital […]

03.28.24

Shield Life Insurance Proceeds from Estate Tax with an Irrevocable Life Insurance Trust (ILIT)
Eileen Cozzi

Life insurance can provide peace of mind, but if your estate will be large enough that estate taxes will be a concern, it is important to not own the policy at death. The policy’s proceeds will be included in your taxable estate and may be subject to estate tax. To avoid this result, a common […]

03.14.24

A World-Class Workforce
Kevin Omahen

A world-class workforce What keeps employees happy? Is it money, work-life balance or advancement opportunities? Perhaps some mix of all three? It is important to understand what interests your employees and that it is not a one-size-fits-all scenario. For some employees, there is a clear number one reason that they stay: money. However, for others, […]

03.12.24

Work Opportunity Tax Credit: When Hiring Skilled Labor Is a Win-Win for Employers and Employees
Adam J. Pechin

Like many businesses today, manufacturers are in need of skilled workers. The Work Opportunity Tax Credit (WOTC) can provide some tax relief when you hire employees from “targeted” disadvantaged groups. Calculating the credit The amount of the credit depends on the relevant targeted group and wages paid to the new hire. For example, hiring qualified […]

03.07.24

What Do You Know about Form 990? Board Review Can Benefit Not-For-Profit Governance
Jeffrey Chiles

Most board members know — or should know — that the not-for-profit organization they serve files an annual Form 990 information return with the IRS. However, not every board member knows that they can, and should, review the form before it is submitted. Read on to learn why such board reviews are important and how […]

02.08.24

Pass-Through Entity Taxes Can Pay Off For Real Estate Firms
Justin L. Sylvan

The Tax Cuts and Jobs Act of 2017’s (TCJA’s) limit on the federal income tax deduction for state and local taxes (SALT) has proven costly for many owners of real estate businesses. However, more than 30 states1 have now enacted a workaround for pass-through entities (PTEs) that could provide some welcomed tax relief. The Impact […]