The Tax Cuts and Jobs Act passed in 2017, and effective in 2018, provides businesses with a reduced tax rate, but also significantly alters the tax deductions businesses can claim. Some major categories of tax deductions that have been adjusted are meals, entertainment, and travel for either employees or clients. The changes are provided in Read More »
The saying used to go, “A man’s only as good as his word.” However, these days, according to banks and other lenders, A man is only as good as his credit. Whether it is applying for a home loan, car loan, personal loan, credit card, or even getting approved to rent an apartment. Your credit Read More »
Corporate Social Responsibility is a private business self-regulating model that helps a company to be accountable to itself, its stakeholders, and to the public. In essence, when a company adopts CSR policies and practices, its planning and decision-making reflect the potential impact of its corporate actions on various stakeholders and constituencies. Companies need to be Read More »
Let’s begin with, what are patents? Patents are a government-issued license that gives an inventor the exclusive ability, for a period of time, to make, use, or sell an invention of their creation. Usually, the inventor will submit a drawing and description of the invention that they intend to have patented. Once approved by the Read More »
Credit card surcharges, which are costs added simply for the privilege of using a credit card, are illegal in 10 states, including Florida. Florida Statute § 501.017 states, in part: “(1)…A seller or lessor in a sales or lease transaction may not impose a surcharge on the buyer or lessee for electing to use a Read More »
We’ll keep it short and simple this time. Every state has different regulations on DBA’s. For all intents and purposes, we’re just focusing on Florida for this blog. Florida state law requires a limited liability company (LLC) to operate under the legal name contained in their Articles of Organization. However, the legal name may not Read More »
When a person fails or neglects to pay income taxes owed, the likely consequences involve the Internal Revenue Service (IRS) placing a federal tax lien on the individual’s property. A federal tax lien is a claim that the United States government makes on the individual’s property where the government’s interest in the person’s property is Read More »
If you are reading this blog, you are probably facing copyright issues as either a model who feels that their copyrights were infringed by a photographer who hired you or a photographer who feels that a model is using your work with other photographers, infringing on your copyright. Under federal copyright law, the author of Read More »
All foreign investors owning U.S real property are responsible for paying taxes on any and all rental income they earn in the United States from that property. As a general rule, a non-US person who rents out his or her U.S. property is subject to a 30% withholding tax imposed on the gross amount of Read More »
As in with all pieces of evidence, we must ask the same question when it comes to Social Media Posts. Shall we let it in? However, unlike a contract or a scribble on a sheet of paper, social media posts pose a different, yet similar hurdle to clear to admissibility. As would be the case Read More »