Tax Updates and Planning Ideas for 2022 As we launch into the second quarter of the year, there are many new and proposed laws which impact or may impact businesses and wealthy individuals. Lobb & Plewe will do our best to keep you updated as we move forward. Proposed Federal Tax Law Changes: On March […]
Tax Bill Updates 2022 Read More »
Analysis by Mark Lobb Asset Protection: Offshore and Domestic Trust Analysis The exotic sounding foreign asset protection trust aka offshore trust continues to be heavily marketed by promoters. Jurisdictions such as Barbados, British Virgin Islands, Cayman Islands and Cook Islands are just a few of the asset protection or tax havens embraced by promoters. I
Domestic vs. Offshore Asset Protection Planning Read More »
The Generation-Skipping Tax (sometimes abbreviated as “GST”) can have a huge impact on the assets you plan on leaving to your heirs if not properly planned for. GST can apply when a grandparent leaves assets to a grandchild – skipping over their parents in the line of inheritance. If you are thinking about passing assets
Generation Skipping Transfer Tax Basics Read More »
Authored by Mark Lobb Advanced estate planning was under attack last year as certain versions of the Build Back Better Act would have substantially curtailed the use of irrevocable grantor trusts. Fortunately, the legislation did not go forward. If you have not implemented advanced estate planning into your wealth structure or if you have not
Irrevocable Grantor Trusts – The World of Defective Trusts Read More »
Authored by Kevin Abbott Missing PayStubs May Cost California Employers a Fortune For almost all of us, when it comes to payday all that matters is the amount. That amount becomes a mortgage payment, food, gas, or a vacation. Most of us hardly pay attention to the stub that comes with the paycheck; indeed, if
CA Labor Code Sect 226 – Overview Read More »
Authored by Mark Lobb and David Kotik Last year at this time our clients were being flooded with news and updates about possible new and draconian tax and estate planning laws being implemented at the federal level. Significant changes may still occur in 2022, but the vitriolic attacks on businesses and wealthy individuals in Washington
Due to changes enacted by the Tax Cuts and Jobs Act of 2017, bonus depreciation was significantly enhanced and can present advantageous planning opportunities for taxpayers who take action before the enhancements expire. Such planning opportunities can even include being able to expense the full value of a corporate jet in the year of purchase,
Bonus Depreciation – Use It or Lose It! Read More »
Is your employee handbook updated? There were substantial changes to employment laws in 2021 with more being implemented in 2022. Are your corporate filings up-to-date and are your records current? Are you aware of new federal reporting requirements for 2022 and prepared to comply with the new rules? Have you considered the California state and
Close of the Year Checklist Read More »
Authored by Sara Mostafa The following article regards certain significant new California employment laws that will take effect January 1, 2022. We advise you to review the contours of these laws carefully and alter your policies accordingly. We are available to assist you with updating your policies and employee handbooks and in connection with any
California Employment Law Updates for 2022 Read More »
Authored by Mark Lobb and Sean C. Tannenbaum As we close out 2021, there is still uncertainty as to the law changes brewing in our nation’s capital. Although the Build Back Better Act (the “Act”) is still being debated, the issues on the table relate to the amount of spending and not the meat of
Employment Law, Taxes, Corporate Law – 2022 Planning Considerations Read More »
