Looking towards estate planning changes under new administration
Tax changes are expected under the new administration. We don’t know how quickly President Joe Biden will move to enact his tax proposals, or whether the Democrats’ thin margin in Congress will be a moderating force. Many analysts believe that economic recovery will be the administration’s first priority, meaning we might not see immediate action. […]
The Massachusetts Homestead Exemption: How It Works and How It Can Work for You
Protecting Your Home As the saying goes, your home is your castle. It is also the largest asset that many will ever own. In recognition of this, the Massachusetts Homestead Protection Law, passed in 2011, updated existing parts of the Massachusetts General Code to expand and clarify the protections that homeowners in the Commonwealth have […]
States enact COVID-19 liability protections for businesses
States have started to pass laws to give businesses and health care providers protection against COVID-19-related lawsuits. The goal of these laws is to block businesses from being sued by people who contract the coronavirus under certain circumstances and want to claim that a particular business is at fault. Business have been concerned about COVID-19 […]
Security concerns due to remote working continue
A recent Twitter hack affected the accounts of several celebrity figures, including Barack Obama and Kanye West, and highlighted the need for businesses of all types and sizes to stay vigilant about cybersecurity as more workers and vendors work remotely. When shelter-in-place orders arose in March, many businesses very quickly moved to remote work, sending […]
Protecting your e-commerce business from legal pitfalls
It can be relatively easy to make a website and start an e-commerce business, or to start selling online the same products you already sell in a brick-and-mortar shop. It’s something you can even do on your own, depending on your skills and needs. With more people purchasing online, it can be a great way […]
Living Without a Healthcare Proxy: A Risk to Avoid
Your Life, Your Way Healthcare decisions are among the most personal, and most consequential, any of us can make. For many of us, there may come a time when old age, illness, or injury will prevent us from voicing our wishes and concerns about what we prefer for our bodies, or even how we prefer […]
‘Poor performance’ doesn’t justify denial of unemployment benefits.
A Missouri court recently ruled that a man’s termination for “poor performance” at work didn’t justify a denial of unemployment benefits. The employee, Mark Wayne, was fired in 2019 after being written up several times for mistakes while loading freight. The employer challenged his unemployment claim, arguing that his failure to follow instructions amounted to […]
Starting a Business Now Could Make a Lot of Sense
The same factors that we’ve been dealing with for the past 12 months during the pandemic can also create an opportunity if you are considering starting a small business. Problems create opportunity For one thing, fewer businesses in the marketplace can mean fewer potential competitors. For a start-up company, that can be good news. Also, […]
The $24,000 Tax Time Bomb
A terrible tax surprise everyone should know What follows is a true story. A story with a sad ending. But one that has a lesson for everyone. Stick with the story, with a high degree of certainty you probably know someone in this exact situation. The ingredients Back in the 1970s, U.S. Savings Bonds were […]
Get Your Contractor or Employee Classification Right!
Tax challenges can be VERY expensive As a small business owner, you may face the issue of whether to classify workers as employees or as independent contractors. Classifying your workers as independent contractors generally saves you money. That’s because you avoid paying employment taxes and benefits on their behalf. If the IRS determines that you […]
