Slow business cycles provide a unique opportunity for companies to evaluate important and often overlooked aspects of their operation. In short, this “down” time offers business owners and executives a chance to get their affairs in order.
Western New York is known for its severe winter weather, and this year has certainly brought its fair share of cold weather and winter storms. Winter weather often creates slippery conditions that can significantly increase the risk of injury due to slip and falls or motor vehicle accidents
People often have questions regarding the STAR real property tax exemption. The STAR exemption entitles anyone who owns a primary residence to a reduction in the amount they pay for School Tax (STAR = School Tax Relief).
Any large-scale life event brings with it a chance to learn a range of lessons. In fact, a great deal of our knowledge and understanding comes from having gone through difficult experiences.
As 2014 comes to an end, it is a good time to assess your estate plan. For many, estate planning is something they realize they should do, but they keep postponing. With the dawn of a new year, it is time to consider management and protection of assets during lifetime and controlling distribution following death so you may leave a legacy for your loved ones.
All businesses are required to pay taxes and keep accounting records year by year. You automatically choose your tax year when you file the first tax return for your business. After that, you have to get the IRS permission to change.
For those that own their own businesses, it is likely that the business will need to enter into a commercial lease at some time during the life of the business. It is important to have a good understanding of what the issues are at the heart of any commercial relationship. Here is a partial list of some of the more pressing issues to consider:
Businesses often question how to compensate those that provide the business with services. Clients often wonder if they can treat particular workers as independent contractors rather than employees.
There are essentially four types of entity choices for businesses: sole proprietorship, partnership, limited liability company (LLC), and corporation.
Under the Affordable Care Act, federal government, state government, insurers, employers and individuals are all given roles to improve the availability, quality and affordability of health insurance coverage in the United States.