Service animals are used by both businesses and individuals for various reasons. Specifically, dogs, have been used by individuals for many years as seeing-eye-dogs to assist individuals with visual deficits. While this is widely accepted, labeling pets as emotional...
What exactly is tax evasion? You cannot turn on the news these days without hearing references to this “crime.” Tax Evasion Defined According to 26 USC § 7201, tax evasion: is defined as the willful attempt in any manner to evade or defeat any tax imposed by Title 26...
The Uniform Law Commission (ULC) is in the process of drafting a model law to clarify what constitutes trespass by unmanned aircraft systems (UAS) – often referred to as “drones” – above a landowner’s property. The ULC warns that the existing law is antiquated and...
Has your business undergone a change in ownership or structure? If so, it might be time to change your EIN. While not all changes require an organization to change their EIN, there are certain events that trigger requirements to apply for a new EIN. The IRS provides a...
[vc_row][vc_column][vc_column_text]Recently, House Financial Services Committee Chairman Jeb Hensarling (R-TX) and Ranking Member Maxine Waters (D-CA) announced that the House passed legislation to help small businesses, entrepreneurs, and investors. The package,...
In today’s world, it seems every other commercial you see talks about a “side hustle” people can do to earn extra money. Whether it is being an Uber driver or walking dogs, it is important to remember you must report the income you earn from your “side hustle” unless...
In last week’s landmark ruling, South Dakota v. Wayfair, the United States Supreme Court overturned a previous decision that made it difficult for states to require online retailers to collect and remit sales tax on transactions within their borders unless the...
In late December 2017, the congress passed the Tax Cuts and Jobs Act (TCJA) which introduced a flat 21% federal income tax rate for C corporations for tax years beginning in 2018 and beyond. Prior to the TCJA, C corporations that generated a profit paid as much as 35%...
The 2018 Minnesota Legislature is in the midst of reviewing and amending a proposal by several House members to enact the Revised Uniform Law on Notarial Acts, as amended, approved by the National Conference of Commissioners on Uniform States Laws, which would...
Many retailers offer a variety of products under their own brand, such as Target’s Market Pantry or AmazonBasics. These “store brands” are available only at these respective retailers and are significantly less expensive than name brand products. But the store brand...
How to Read a Financial Statement Presentation The law changes regularly. The information in this document is current as of the date listed.
In this day of rapid fire indictments and complex criminal and political investigations, a classic oldy but goody of criminal prosecution has been resurrected – indictment by the IRS for tax evasion. Brought vividly to life in Brian De Palma’s 1987 classic gangster...
For Delaware corporations, the franchise tax is the price you get to pay for the right to be registered as a Delaware corporation. It has nothing at all to do with being a franchisee of a fast food chain. Every year on March 1st, all Delaware corporations must pay...
The Uniform Athlete Agents Act (UAAA) and its 2015 revision regulate the athlete agent marketplace. See “Show Me the Money: The Uniform Athlete Agent Act (UAAA)” foran overview of the UAAA. But who is an “athlete agent” or a “student athlete”? Understanding the UAAA...
Professional athletes make serious money. We’re talking an average yearly salary of $5.15 million in the NBA. Given this earning potential, it makes sense that the agents who represent professional athletes operate in a highly competitive commercial marketplace. Who...
