Authored by Mark Lobb Charles Darwin has many great quotes, but one of my favorites is as follows: “It is not the strongest of the species that survive, not the most intelligent, but the one most responsive to change.” You may have put a great planning structure together at one point which was considered “strong” …
Authored by Michael J. DeSantis Earlier this month, the United States Court of Appeals for the Ninth Circuit recognized that the Federal Arbitration Act (“FAA”) permits mandatory arbitration agreements that are a condition of employment and preempts California law on the issue, a major win for California employers. Mandatory arbitration agreements used to be the …
Authored by Tim R. Plewe The IRS recently issued an extension of the 45-day and 180-day deadlines for 1031 exchanges for taxpayers residing in, or whose principal place of business or books and records are located in counties affected by the recent severe winter storms, flooding and mud slides throughout California (listed below). The 45-day …
Update on 1031 Exchanges – Irs Extends Deadline for Some California Residents Read More »
Authored by Mark Lobb Along with California: “The Good, The Bad and The Ugly” Last year saw the demise of the Build Back Better act which promised increased taxes and the gutting of traditional estate planning. Significant changes in tax and estate planning are not likely to occur in 2023 at the federal level. States …
Authored by Kristin Gifford and Natalia Mowery While California offers beautiful weather year-round, with the high cost of living and often ability to work from home, our firm has witnessed a rising number of Californians moving away from the Golden State. To be sure to avoid unwanted California State tax, exiting Californians should carefully plan …
Lobb & Plewe 2022/2023 Legal Checklist This checklist is not comprehensive of all the new laws affecting our clients in 2023, but it does include many of the changes requiring consideration. If there is a specific concern not addressed here, feel free to contact me. Employment Law: Across the United States, minimum wage ordinances have …
Authored by Sara Mostafa The following article regards certain significant new California employment laws that will take effect January 1, 2023, or January 1, 2024, as indicated. 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 …
Authored by Mark Lobb Business Owner ConsiderationsDuring Volatile Economic Times On October 17, 2022, Bloomberg’s statistical projections showed a 100% probability of a recession within the next 12 months. The US economy continues to reel from decades-high inflation, Federal Reserve interest rate hikes, and growing geopolitical tensions. At the same time, many states continue to …
Authored by Mark Lobb The Corporate Transparency Act (“CTA”) provides for the establishment of a beneficial ownership registry within the U.S. Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). It requires non-exempt domestic and foreign companies to disclose information regarding their beneficial owners. The CTA’s legislative objectives are to foster greater corporate ownership transparency and to …
New Federal Reporting Requirements For Privately-Owned Companies Read More »
Authored by Mark Lobb As we approach the last quarter of 2022, there are many new laws which businesses owners should be aware of to avoid possible lawsuits or fines. Below are ten pending bills or laws for consideration: Pay Data Reporting: On September 27, 2022, Governor Newsom signed into law Senate Bill 1162. This …
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