In N.C. Dep’t of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, the U.S. Supreme Court issued a unanimous decision on June 21, 2019 holding the State of North Carolina may not tax a beneficiary on the income of a trust merely because the beneficiary resides...
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New Deadlines Announced for Massachusetts Paid Family and Medical Leave Law
In 2018, Massachusetts passed a new law that provides workers with paid family and medical leave (the “PFML Law”). With limited exceptions, it applies to most Massachusetts employers, large and small, and includes both W-2 employees and some independent contractors...
Artificial Intelligence – What The Developing Landscape Means For Your Business
The Artificial Intelligence (“AI”) industry is rapidly emerging as one of the most interesting new advancements likely to impact a broad array of industries. AI is well beyond the nascent stages of development, and is quickly taking center stage as a gateway profit...
Medical Second Opinions In The Digital Age: When A Tumor Isn’t A Tumor
Cybersecurity researchers have recently created a computer virus that was able to trick three radiologists into thinking their patients had cancer. The researchers were also able to fool automated screening systems by altering images and scans to place fake “tumors”...
EMPLOYEE RETENTION TAX CREDIT: IRS PROVIDES ADDITIONAL GUIDANCE FOR 2021 Q3 AND Q4
The Employee Retention Tax Credit is a refundable tax credit originally enacted under the CARES Act (the Coronavirus Aid, Relief and Economic Security Act), and subsequently amended in the waning days of 2020. The credit can be applied by qualifying employers against...
RISE OF REMOTE WORKFORCE MAY COMPLICATE STATE TAXES FOR EMPLOYERS
The pandemic has undoubtedly changed the landscape for employers and employees, one area is the proliferation of remote workers. Working remotely is not a new concept, but it is now commonplace due to stay-at-home orders kickstarting the remote work movement. While...
CAN A CYBERATTACK EXCUSE PERFORMANCE UNDER A CONTRACT?
One of the biggest threats businesses now face are cyberattacks and ransomware. Daily, we see headlines about companies and government agencies being hit with ransomware attacks that cripple victims until they either pay the ransom or rebuild their systems. No sector...
CONSIDERATIONS FOR NEGOTIATING COMMERCIAL LEASES
While some of the provisions contained in commercial lease agreements may be considered commonplace or “boilerplate” language, there are certain issues that require specific attention, depending upon your position in such transactions as the landlord/lessor or the...
PLANNING FOR THE MORTALITY OF A CLOSELY-HELD BUSINESS
When launching a new business venture, it is likely (and more fun) to focus on strategic planning, growth and implementation. However, it is vital in the early stages to give serious consideration to an exit strategy and business succession plan. Business structures...