Is ESG Investing Right for You?

Today, many people look beyond corporate earnings and consider environmental, social and governance (ESG) issues when making investment decisions. For example, some investors boycott manufacturers of tobacco products or firearms. Others prefer to invest in companies that are actively reducing their carbon footprints. This trend has been accelerating for decades. In fact, ESG criteria is projected […]

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Financing the Growth of Your Business

Business activity ground to a halt in many areas during the pandemic. Fortunately, the Paycheck Protection Plan (PPP) program and other relief programs rescued many small enterprises from financial crisis. If certain requirements are met, all or part of PPP loan proceeds may be forgivable — similar to a grant from the federal government. The PPP […]

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Estate Planning When Your Spouse is Not a U.S. Citizen

In today’s world, it’s not uncommon for a U.S. citizen who lives in this country to be married to a non-citizen who is a resident. Or two non-citizens may be married to each other while living here. The tax law refers to non-citizens who are permanent U.S. residents as resident aliens. Unfortunately, standard estate tax planning […]

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Contract Jurisdiction: Where Will a Dispute Be Heard?

Years ago, many companies dealt with vendors, suppliers, customers and others that were located in the same geographic area. Today, it’s not unusual to engage in transactions with entities in multiple states and even numerous countries. The Internet has made the business world a small place. While doing business outside your area may open up new […]

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House Ways & Means Committee Takes Aim at Exemption Amounts, Valuation Discounts & Grantor Trusts

On September 15, 2021, the House Ways and Means Committee reported legislation to meet the Ways and Means directive in the FY 2022 Budget Resolution. Our Estate Planning team recaps the most important proposals affecting high-net-worth individuals.

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NY State Health Commissioner Designates COVID-19 as a Highly Contagious Disease That Presents Serious Risk, Prompting Employers’ HERO Act Plans to be Activated

On Labor Day, the New York State Commissioner of Health designated COVID-19 as a highly contagious communicable disease that presents a serious risk of harm to public health.  Under the New York HERO Act, employers must either adopt the New York State Department of Labor’s (“NYDOL”) model prevention plan or develop and establish an alternative prevention plan that equals […]

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20 FAQs About RMDs

After a one-year hiatus due to the COVID-19 pandemic, owners of qualified retirement plans and IRAs must adhere to the rules for required minimum distributions (RMDs). The RMD rules are tricky and could result in a substantial tax penalty if you’re not careful. For starters, an RMD is the amount you must withdraw from a qualified […]

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Consider a New Approach to Meeting Your Business Real Estate Needs

Where your business is located, and how you use the commercial space that you have, can mean the difference between thriving and just limping along — or worse. That fact was brought home for many business owners during the COVID-19 pandemic, when lease payments became a big financial strain, and dust was accumulating on the desks […]

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Received a Jury Notice? What Are Your Responsibilities?

If you receive a jury notice in the mail, you may wonder what it means for you. Can you be excused due to family responsibilities? Can you delay serving because of a big project at work? Will the case be criminal, civil, federal or state? Can you get fired for missing work? This article addresses these […]

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Protect Your Invention by Applying for a Patent

Rights and Procedures In today’s complex world, every business owner should have a basic understanding of patents. Without this knowledge, you can’t protect your company’s inventions or defend yourself against lawsuits from other firms. U.S. patents date back to the Constitution, where it says Congress can secure “for limited times to … inventors the exclusive […]

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Unlock Mortgage Interest Deductions for Home Improvements

Are you planning to take out a home equity loan or access a line of credit to make a significant home improvement? In the past, you could generally deduct the mortgage interest you incurred, within generous tax law limits. But the Tax Cuts and Jobs Act (TCJA) suspended the deduction for so-called “home equity debt” for […]

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Would a Roth IRA Conversion Make Sense for You?

Roth IRA and 401(k) accounts were created in 1998. Contributions to Roth accounts are taxed on the front end at ordinary tax rates when made. But withdrawals from these accounts are generally tax-free on the back end. If you began saving for your retirement before 1998, even if you subsequently started contributing to a Roth account, you’ve probably accumulated […]

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