Tax Law Archives - Page 6 of 13

EPGD Business Law

What Is an Agricultural Tax Exemption in Florida?

The Agricultural Tax Exemption is a property tax exemption that landowners may receive, if they can show that their land is being put to agricultural use. Different states define “agricultural use” in different ways. For example, Florida requires agricultural use to be bona fide. Fl. Stat. § 193.461. “Bona fide agricultural purpose” is defined as a “good faith commercial agricultural use of the land.” Fla. Stat. § 193.461(1)(b) (2009). Some states require the agricultural use to be for commercial purposes, and for some profits to be gained from the land.

Eric Gros-Dubois June 25, 2020

Tax Law

What is the EIDL Loan?

The EIDL program or Economic Injury Disaster Loan allows the SBA to provide loans of up to $2 million to small businesses that have suffered substantial economic injury. The EIDL reopened its loan program to small businesses on June 15, 2020 after closing to most small businesses in May of 2020.

Oscar Gomez June 18, 2020

Tax Law

Where Do Online Businesses Source Their Income? Part Two: Income Tax

Just as e-commerce has presented challenges for sourcing sales tax, e-commerce also presents issues for sourcing income taxes. This blog will discuss the income tax implications for online businesses.

Eric Gros-Dubois May 27, 2020

Tax Law

Where Do Online Businesses Source Their Income? Part One: Sales Tax

E-commerce has created several tax-related issues for corporations conducting business across states without a physical footprint. This blog will discuss the sales tax implications for online businesses.

Eric Gros-Dubois May 27, 2020

Tax Law

Who Does the SEC Oversee?

The Securities and Exchange Commission (“SEC”) is an independent government agency created to regulate corporate securities while maintaining fair market practices. The SEC is commanded by a five-member commission who act cooperatively to enforce the rules and regulations that make up the securities market. Their authority is derived from the Securities Act of 1933 and the Securities Exchange Act of 1934.

Eric Gros-Dubois May 26, 2020

Tax Law

What is the Purpose of the SEC?

The U.S. Securities and Exchange Commission is a governmental agency that serves the purpose of protecting investors from fraud and maintaining fairness and efficiency of the U.S. market. One of the main goals of the SEC is to mandate disclosures about all kinds of investments to both small and big businesses.

Eric Gros-Dubois May 26, 2020

Tax Law

What are Accredited Investors and what is a Private Placement Memorandum?

The reason for such disclosures is to protect the company in the event things fall apart and the investors try to sue the company for securities fraud for example. Such disclosures will be used as the company’s defense. One of the best ways to provide such disclosures is through a document called a Private Placement Memorandum (aka PPM).

Eric Gros-Dubois May 25, 2020

Tax Law

A Vendor Has Wrongfully Filed an Item With Your Credit Rating Agency: What to Do

Oftentimes, a creditor or vendor wrongfully files something with your credit rating agency. All of a sudden, you find your credit lowered by hundreds of points, with collection agencies knocking at your door. Black marks on your credit can have detrimental consequences for future financial transactions, like opening a credit card.

Eric Gros-Dubois May 21, 2020