Newsletters
Finding the Right Buyer for Your Business
Posted December 2019
How do you determine the buyer or category of buyer that will lead to a successful sale of your business? Is your potential buyer likely to be a strategic buyer, a financial buyer, or a related buyer?
Tax Implication of Receiving a Gift
Posted December 2019
In general, the receipt of a gift has no effect on your taxable income. Any income you receive from that property is taxable to you when you receive it. Your cost basis of the property you have received is the same as the donor’s cost basis. You will need to ask for that information, as you will need to know that if you sell the property.
Adapt to DOL’s Final Overtime Exemption Provisions
Posted December 2019
On September 24, 2019, the U.S. Department of Labor issued the final version of its overtime rule. The new rule goes into effect on January 1, 2020, and is expected to provide overtime protection to 1.3 million American workers who are not currently eligible. Eligible workers are entitled to at least time and one-half their regular pay for all hours that they work over 40 in a work week.