On September 15, 2023, the New York City Department of Consumer and Worker Protection (DCWP) issued a pivotal final rule, known as the "Final Rule," on the City's Earned Safe and Sick Time Act (ESSTA). These rules aim to protect and support employees in their times of need and outline important provisions that employers must adhere to.

Core documents, such as a will or a will and a revocable trust, and a health care power of attorney/living will/health care directive, are essential tools for securing your future and ensuring your wishes are honored. Regularly reviewing these documents – typically every three to five years – is crucial to keeping them aligned with your goals and adapting to changes in tax laws.

Annual reports are a crucial obligation for corporations across the United States, with only Ohio exempt from this requirement. Each state imposes specific filing requirements and deadlines, making it essential for businesses to stay informed.

As a result of widowhood or divorce, a greater number of older Americans are forming new partnerships. The U.S. Census Bureau reports that more than half of all older adults have only married once, opting to stay legally single in their future relationships.

New York State Governor Kathy Hochul continues to sign legislation emanating from a busy legislative session, including legislation rendering contractual assignment-of-inventions provisions unenforceable, prohibiting employers from accessing employee social media account log-in information, and more.

Real estate investors seeking to minimize capital gains taxes and depreciation recapture can employ two powerful tax strategies – a 1031 Exchange and a Section 121 Exclusion.

While typically used independently due to differing property requirements, there are instances where these strategies can be combined for an even greater tax advantage.

In 2023, significant changes are reshaping the non-compete landscapes in the United States, and employers need to stay informed to protect their interests.

Several key developments are unfolding; read more for a summary of what you should know.

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 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.

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!

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 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.