Timely Opportunities
Updates
Timely Opportunities
Navigating the SALT Deduction
The Tax Cuts and Jobs Act (TCJA) limits itemized deductions for state and local tax (SALT) payments for 2018 through 2025. This unfavorable tax law change is especially unpopular in states with high income or property taxes (or both). The limitation remains in effect, despite repeated calls to repeal it. (See “How Will the SALT […]
Business Law
Covenants Not To Compete: Protection for Your Business
Are you concerned that one of your best employees will leave to join a competitor? Your worries may be eased if the employee signs a “covenant not to compete” as part of an employment agreement. The covenant (also called a “non-compete clause” or “non-compete agreement”) is enforceable against a departing employee as long as certain […]
General Litigation
The Basics of Judicial Decisions
Many of our impressions about the American judicial system come from our exposure to television and the movies — from the defense of murder suspects on Perry Mason to the investigations leading to multimillion dollar settlements depicted in Erin Brockovich and Michael Clayton. Courtroom Drama on the Big and Little Screen Television Perry Mason 1957-1966 The […]
Timely Opportunities
FAQs on LTC Insurance and Your Taxes
If you or a loved one needs long-term care (LTC) services, there are insurance products that can help cover the cost. As an additional incentive, qualified LTC policies deliver some tax advantages. For LTC policies, “qualified” means that a policy is offered by an insurance company licensed in your state and includes certain federal tax […]
Timely Opportunities
How Much FDIC Coverage Do You Have?
In early March, Silicon Valley Bank (SVB) and Signature Bank unexpectedly collapsed. They became the second and third largest bank failures in U.S. history, respectively. The largest collapse involved Washington Mutual in 2008, precipitating the Great Recession. (See “Two Banks Collapse in One Week” at right.) The recent regional bank failures have caused many individual […]
Intellectual Property
Non-Compete Agreements: What Can They Accomplish?
It may seem ironic that companies encourage innovation and brilliance while employees are on the payroll, but pull the plug on that ambition if they dare to leave. But non-compete agreements attempt to do just that to control damage. State Laws Vary Laws regarding non-compete covenants vary from state to state. For example, courts in […]
Employment Law
Spot Time Bombs in Your Employee Handbook
Catch Dangerous Traps Could your employee handbook be dangerous? Have you ever looked through it, pretending to be employee? Better yet, have you ever had your attorney read through your handbook to see how an employee might be able to use it in court? This type of auditing can help spot potential time bombs… […]
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Workouts: A Practical Alternative to Formal Bankruptcy Proceedings
Is your company teetering on the edge of bankruptcy? In the wake of the pandemic, many small businesses are suffering financial distress from inflation, labor shortages, rising interest rates, tighter credit and continued economic uncertainty. If your company is having trouble making ends meet, it may be time to devise a workout plan to avoid […]
Timely Opportunities