On June 25, 2015, the Supreme Court of the United States (SCOTUS) decided that tax credits will be made available to individuals who purchase health insurance coverage on both federal and state exchanges (on-line marketplaces where people compare and purchase...
PLDO Law Blog
Adam Greshowak
CMS Releases Proposed Rule on Modernizing Medicaid
On May 27, 2015, the Centers for Medicare & Medicaid Services ("CMS") released a proposed rule that would "modernize the Medicaid managed care regulations to reflect changes in the usage of managed care delivery systems." The first major update to Medicaid managed...
The Supreme Court of the United States holds that ERISA plan fiduciaries have a continuing duty to monitor the prudence of plan investments in pension and 401(k)/defined contribution plans
A decision issued last week by the Supreme Court of the United States (SCOTUS) has significant implications for both ERISA plan fiduciaries and plan participants. In Tibble v. Edison, SCOTUS held that, in addition to the duty to exercise reasonable prudence in the...
What Does the Medicare Access and CHIP Reauthorization Act of 2015 Mean for Health Care Providers?
On Friday, April 17, President Barack Obama signed into law the Medicare Access and CHIP Reauthorization Act of 2015, repealing the "sustainable growth rate" formula or "SGR" which was set by Congress in 1997 to control Medicare spending by limiting annual increases...
Responsibility for Corporate Misbehavior Shifts Under Trump Administration
This past September at the 5th Annual Global Investigations Review Conference (“GIR”), Deputy Assistant Attorney General Matthew S. Miner discussed recent changes in the Department of Justice (“DOJ”) policy regarding the prosecution of business organizations. The new...
Strategies for Gifting Interest in a Closely Held Business to Charity
Gifting interests in a closely held business can result in a significant planning opportunity for the right donor as well as a substantial benefit to a favorite charity. Consider the following three planning strategies for charitable gifts utilizing private and...
Heads I win, Tails You Lose! Reduced taxes payable by banks may increase interest costs payable by not-for-profits
The tax reform enacted by Congress last year in the Tax Cuts and Jobs Act provided a nice tax break for businesses. Among other companies, banks have benefited greatly from this windfall, and in addition to rising stock prices, many have announced raises for their...
Five 2018 Year-End Tax Planning Opportunities for Businesses
As the year concludes, the focus for many business owners turns to tax planning given the numerous changes in the tax law under the Tax Cuts and Jobs Act of 2017 (TCJA). Here are five year-end tax planning considerations for business owners: 1. The allowable deduction...
Time to Think About that Family Business Succession Plan
The most recent PricewaterhouseCoopers U.S. Family Business Survey (2017) concludes that succession planning is a “perennial problem” for family businesses. Nearly one-third of family businesses have no succession plan at all, and just 23% have a formal documented...
