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December 2015 Archives

NYC Commuter Benefits Law Begins January 1, 2016

NYC's Commuter Benefits Law takes effect on January 1, 2016.  Under the law, all employers (corporations, LLCs, partnerships or sole proprietorships) with 20 or more full-time employees working in New York City must offer their employees the opportunity to use pre-tax income to pay for their transportation by public or privately owned mass transit or in a commuter highway vehicle.  The law does not apply to any part-time employees.

S Corporations and Real Property Dangers

Recently, a couple of clients approached the firm with the same situation - an S Corporation which owned highly depreciated real property with an elderly shareholder as owner of the corporation.  The concern centered around what would happen if the shareholder died.

VIDEO: Estate planning in times of crisis

A sudden accident or illness can completely devastate a family, emotionally and financially. However, getting an effective estate plan in place immediately after a crisis can help protect the needs of the loved one in crisis as well as the entire family.