Are desk rental arrangements & marketing service agreements putting you at risk? The Real Estate Settlement Procedures Act (“RESPA”) Section 8 was created to protect consumers from unnecessarily high settlement charges caused by abusive practices and to enable potential homeowners to be more intelligent consumers. RESPA requires lenders to provide greater amounts of information to…
Taxpayers Be Alert: Dealing with Cryptocurrencies May Have Unexpected Tax Consequences Cryptocurrency market capitalization is approximately $417 billion [1] The IRS has begun to target unreported gains arising from cryptocurrency transactions Failure to properly report cryptocurrency transactions can result in substantial penalties and interest Bitcoin, Ethereum, Litecoin… by now it’s likely that you’ve heard one…
As Part II of the financial indicators analysis, topics that will be covered below include balance sheet indicators, income statement indicators, and a final analysis to wrap up the What’s In Your Wallet series. Balance Sheet Indicators It is relevant to note again that not all resorts are created equal and a financial metric in…
On October 20, 2017, the Federal Trade Commission (“FTC”) issued an Advisory Opinion to Crouse Health Hospital, Inc. (“Crouse Hospital”) in response to their request concerning its proposal to sell discounted pharmaceutical products to the employees, retirees and dependents of an affiliated for-profit medical practice. Background Crouse Hospital is an Internal Revenue Code (“IRC”) §501(c)(3)…
Year-End Tax Due Dates 2018 When it comes to taxes there are a myriad of forms to be filed, many with different year-end due dates. Below is a list of relevant due dates that startup and emerging growth companies should be aware of. While this is not meant to be a comprehensive list of due…
The Grow New Jersey Assistance Program (Grow NJ) is available to developers and businesses creating or retaining jobs in New Jersey and making qualified capital investments at eligible business facilities in qualified incentive areas within New Jersey. Developers and businesses planning to create jobs or cause jobs to be retained in New Jersey may be…
We are in a changing environment surrounded by mergers/acquisitions, joint ventures, and consolidations, necessary to keep up with rising costs coupled with flat reimbursements and new government mandated programs. As a result, physician practices have begun looking for alternative options to provide sustainability and growth. The influx of private equity investment in physician practices could…
The Impact of the Proposed Tax Reform Bills on Manufacturing & Distribution Companies Within the last two weeks, the House Ways & Means Committee and the Senate Finance Committee released separate versions of their proposed tax reform bills. While the markup of each bill is ongoing, further changes are expected to be released with the…
Under the Federal Insurance Contributions Act (“FICA”), both for-profit and not-for-profit employers are required to withhold and remit from an employee’s compensation and remit an employer’s contribution for Social Security and Medicare taxes. As a retention tool, employers often offer employees the opportunity to take part in a deferred compensation plan. Under Treasury Regulation §31.3121(v)(2)-(a)(2)(ii)-1(e),…
Crushing the Five Barriers to Growth Starting a business can be hard. Growing your business can be even harder. Whether it’s poor customer data, manual and broken processes, minimal operations visibility to make decisions, building a winning team, or keeping up with changing regulations, there is always something getting in the way of business growth….