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Kevin McKernan Kevin McKernan

Paid Prenatal Leave for Employees

New York’s Paid Prenatal Leave law requires employers to provide 20 hours of paid leave for prenatal care, separate from regular sick leave. Effective January 1, 2025, with NYC requiring a written policy as of July 2, 2025, all employers—including small businesses—must update policies to ensure compliance and avoid potential penalties.

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Kevin McKernan Kevin McKernan

Estate Planning for Intellectual Property Owners – Protect your Creative Legacy

Estate planning for intellectual property owners is essential to protect patents, copyrights, trademarks, and royalties. Learn how to properly document, register, and transfer IP assets to avoid disputes, loss of value, or abandonment. A well-structured estate plan ensures continued management, income generation, and preservation of your creative and financial legacy.

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Kevin McKernan Kevin McKernan

Being Commission-Based Doesn't Make a Worker an Independent Contractor

Being paid on commission does not automatically make a worker an independent contractor. Courts look at the full relationship, including long-term treatment as an employee, supervision, and access to benefits like health insurance and 401(k). Misclassification risks remain high if the facts support employee status despite flexible work arrangements.

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Kevin McKernan Kevin McKernan

ABLE Accounts and the Impact of 'Big Beautiful' Changes

The One Big Beautiful Bill Act (OBBBA) permanently strengthens ABLE accounts, expanding tax-free savings options for individuals with disabilities. Learn eligibility rules, contribution limits, SSI and Medicaid impacts, and new provisions like ABLE to Work and 529 rollovers. These updates enhance financial planning flexibility, independence, and long-term security for families and beneficiaries.

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Kevin McKernan Kevin McKernan

Failure of Owner to Deposit Employment Taxes Results in Loss of Passport

Failure to pay employment taxes can lead to serious consequences, including passport denial or revocation. The IRS may certify seriously delinquent tax debt over $66,000 in 2026 to the State Department via Notice CP508C. Learn how federal tax liens and levies trigger enforcement and what business owners should do to avoid these penalties.

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Kevin McKernan Kevin McKernan

IRS Mileage Rate for 2026 Increased

The IRS mileage rate for 2026 has increased to $7.25 per mile, offering higher deductions for business use of personal vehicles. Learn how to choose between actual expenses and the standard rate, apply accountable plan reimbursements, and follow proper recordkeeping to support deductions and maximize tax benefits for business driving.

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Kevin McKernan Kevin McKernan

2026 Filing Season Updates and Resources for Seniors 

New tax updates include an enhanced deduction for seniors age 65+, offering up to $6,000 per individual through 2028, subject to income limits. Learn eligibility rules, phase-outs, and how it applies whether you itemize or take the standard deduction, plus key updates on Earned Income Tax Credit thresholds and Social Security considerations for better planning.

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Kevin McKernan Kevin McKernan

Government Requests for Records: What Small Businesses Should Do First

Government record requests can expose small businesses to legal risk if handled improperly. Learn how to respond to subpoenas, warrants, and informal inquiries, verify requests, limit disclosures, and protect confidential data. Proper training, legal review, and clear policies help avoid liability, safeguard customer information, and maintain compliance with privacy laws.

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Kevin McKernan Kevin McKernan

How to Deal with the IRS on Back Taxes

Learn how to deal with the IRS on back taxes and avoid costly mistakes. This guide explains why you should never ignore IRS notices, common taxpayer errors, and available solutions—including installment agreements, hardship status, penalty abatement, and Offers in Compromise—to resolve tax debt and regain financial stability.

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Kevin McKernan Kevin McKernan

Employers: Beware of Employment Agreement Integration Clauses and Their Impact on Prior Employee Agreements 

Integration clauses in employment agreements can unintentionally override prior employee agreements. Employers should carefully review applications, handbook acknowledgments, and earlier written commitments when drafting new contracts to ensure critical provisions are preserved. Failing to incorporate prior terms may eliminate protections and create legal exposure in future employment disputes or litigation.

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Kevin McKernan Kevin McKernan

Severance Packages: Best Practices for Calculating and Communicating Them

Severance packages require careful planning to balance legal risk, employee relations, and business judgment. Learn best practices for determining when severance is appropriate, calculating defensible amounts, and communicating offers clearly. Thoughtful severance policies help employers manage risk, avoid unintended precedent, and navigate employee separations with professionalism and stability.

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Kevin McKernan Kevin McKernan

Why Prenups are Like Title Insurance

A prenuptial agreement is like title insurance for your marriage - protection you hope never to use but are glad to have. Prenups help couples define financial expectations, protect assets, and avoid government-imposed decisions if issues arise. Open conversations about finances before marriage often strengthen relationships and promote long-term stability.

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