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SOME STEPS TO STARTING A NEW BUSINESS
Are you ready to turn your entrepreneurial dreams into reality? Starting a new business is an exciting journey, but it requires careful planning and execution.
NEW YORK CITY AMENDS SAFE AND SICK TIME REGULATIONS
New York City adopted changes to its sick and safe time regulations, effective October 15, 2023. The changes clarify coverage issues for telecommuters and hybrid employees, employer headcount and coverage thresholds, and advance notice and documentation requirements.
AVOIDING IDENTITY THEFT SCAMMERS POSING AS THE IRS
Navigating the world of IRS communications can be confusing and sometimes even alarming, especially when personal valuable information is at risk. To ensure that you stay protected against identity theft, follow these guidelines here!
ATTENTION: ALL SMALL BUSINESSES
Beginning January 1, 2024, businesses that file 10 or more information returns must e-file Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. For those with fewer information returns, e-filing Form 8300 is still optional. To file electronically Form 8300, a business must set up an account with the Financial Crimes Enforcement Network's BSA E-Filing System. The IRS will ensure the privacy and security of all taxpayer data.
ESTATE PLANNING ISN’T JUST FOR THE WEALTHY
Estate planning is often perceived as a concern exclusively for the wealthy, but in reality, it's a crucial endeavor for individuals and families from all walks of life.
Regardless of your financial status, there are essential considerations to ensure your assets are managed and distributed according to your wishes.
NEW YORK AMENDS CRIMINAL LARCENY STATUTE TO INCLUDE WAGE THEFT
New York employers have another reason to ensure that all employees are properly paid – the risk of criminal prosecution.
According to the New York Penal Law, "a person steals property and commits larceny when, with intent to deprive another of property or to appropriate the same to himself or to a third person, he wrongfully takes, obtains or withholds such property from an owner thereof." N.Y. Penal Law § 155.05(1)
ADVANTAGES OF A REVOCABLE TRUST
What is a Revocable Trust? A trust is a legal arrangement that allows one person (a trustee) to hold and manage property for the benefit of one or more beneficiaries. What are the Advantages of a Revocable Trust? Is a "Lifetime" or Revocable Trust for You?
CYBER INSURANCE ASSESSMENT READINESS CHECKLIST
This checklist provides a comprehensive overview of key considerations for assessing readiness for cyber insurance. It covers five critical areas: 1. Identifying your risk, 2. Protecting your assets, 3. Detecting risk and breaches, 4. Responding to cyber attacks, 5. Recovery after an attack.
BUSINESSES MUST ELECTRONICALLY FILE FORM 8300, REPORT OF CASH PAYMENTS OVER $10,000, BEGINNING JANUARY 1, 2024
Starting from January 1, 2024, businesses are mandated by the Internal Revenue Service (IRS) to electronically file Form 8300, Report of Cash Payments Over $10,000, instead of submitting paper returns.
A GENERAL TIMELINE FOR PROBATE
The process of probate involves formalizing the will, naming a personal representative (executor) to handle the estate, and distribute assets to the intended beneficiaries. It also requires paying the decedent's outstanding debts and federal and state taxes.
In general, the timeline of the probate procedure moves quickly if the estate has minimal assets and little debt.
LAWSUITS MULTIPLY AMID STALLED REGULATORY PROCESS ON ADA WEBSITE ACCESS
In a landscape where digital presence is more significant than ever, the issue of website accessibility for individuals with disabilities remains a pressing concern. Despite the urgent need for comprehensive regulations, progress in this area has been slow, leading to a surge in lawsuits filed under the Americans with Disabilities Act (ADA) against website operators.
NEW I-9 FORM
The USCIS has introduced a new version of Form I-9 for Employment Eligibility Verification, effective from August 1, 2023. Employers must switch to the new form by October 31, 2023, to avoid penalties. Stay informed to ensure smooth employment verification processes.