In a recent Rhode Island Supreme Court decision, the Court clarified the duty owed, or better yet not owed, by an insurer to third party claimants in auto accident matters. In Summit Insurance Company v. Eric Stricklett et al., No. 2017-185-A (R.I. 2019), a minor was...
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Sale of MA Cannabis Cultivator-Dispensary to National Firm is Worth Watching as Industry Consolidation Ensues
Cannabis industry watchers can expect that the tale of New England Treatment Access (NETA) - one of Massachusetts’ first registered marijuana dispensaries and a predominant player in the Commonwealth’s burgeoning recreational marketplace – leading to its sale to a...
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...
WHAT’S IN A NAME?
Nonprofit organizations sometimes find that changing missions or a desire for a more updated image fosters consideration of a change in the entity’s name. There are two options if you wish to alter your nonprofit’s name. The nonprofit can legally change its name by...
PERSPECTIVE INTO SOUTH FLORIDA’S BUSINESS & COMMERCIAL REAL ESTATE
If one were to look around South Florida during the past year or so, you might notice that many finance and high-tech companies have relocated to the area from places such as New York and California. Some examples of this migration include the following: Candex, a...
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The Employee Retention Tax Credit is a refundable tax credit originally enacted under the CARES Act (the Coronavirus Aid, Relief and Economic Security Act), and subsequently amended in the waning days of 2020.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...