On August 8, 2020, President Trump issued a Memorandum entitled “Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster,” directing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll taxes. On August…
Read MoreIn response to widespread economic slowdown caused by the Coronavirus, Congress passed the CARES Act, making $349 billion available for small businesses under a new program entitled the Paycheck Protection Program (PPP). Loans under the PPP are intended to provide…
Read MoreAs 'shelter in place' orders increase, business are turning to their insurance policies to cover losses incurred due to government ordered shutdowns.
Read MoreOn May 8, 2019, Governor Inslee signed a new law that will transform the use of noncompete agreements in Washington. The new law takes effect on January 1, 2020 and will apply to all existing noncompete agreements with employees and…
Read MoreOwners and General Contractors generally have a duty to provide a safe workplace. But does that duty mean that an Owner or General Contractor is automatically liable for the actions of its Subcontractors when a Subcontractor’s employee suffers an injury…
Read MoreFor family businesses organized as limited liability companies, an operating agreement is critical to maintaining ownership within the family, providing clear direction to management in the face of complicated family dynamics, and offering stability when individual family members wish to…
Read MoreIn recent months, a flurry of news articles have pointed to a strategy whereby certain highly paid professionals (such a doctors, lawyers, and accountants) can form worker-owned cooperatives in order to avoid the limits placed on the new tax law’s…
Read MoreIn November 2015, Congress enacted as part of the Bipartisan Budget Act of 2015 (the “BBA”) partnership audit rules designed to make it easier for the IRS to examine partnerships and collect any resulting underpayments through one centralized proceeding. With limited…
Read MoreThe Tax Cuts and Jobs Act changes much of our nation’s tax law. One of the most discussed changes is the new flat corporate tax rate of 21%, which is a permanent change in the new law. To take advantage…
Read MoreOn November 16, 2017, the House of Representatives passed the “Tax Cuts and Jobs Act” (H.R. 1) (the “House Bill”) with a 227–205 vote. The Senate’s version of the “Tax Cuts and Jobs Act” (the “Senate Bill”) has not been…
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