On January 31, 2024, the U.S. House of Representatives passed the “Tax Relief for American Families and Workers Act of 2024” (HR 7024) with support from both parties. The bill, if passed by the Senate and signed into law by the President, includes significant tax benefits that businesses of all […]
The Closer – M&A, Securities & Corporate Counsel
The Corporate Transparency Act – What You Need to Know Now
on Wednesday, 3 January 2024 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
What is The Corporate Transparency Act? The Corporate Transparency Act (“CTA”) is landmark federal legislation that significantly impacts how privately held corporations, LLCs, LLPs, and other entities report ownership information to FinCEN, a bureau of the U.S. Department of Treasury. The purpose of the CTA is to prevent financial crimes, […]
Equity Compensation as a Tool for Retaining Key Talent: Tax Considerations
on Monday, 26 June 2023 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
Due to recent trends in the labor market, interest in offering equity compensation as a way to compete for and retain talent has grown quickly. Equity compensation is a payment in company equity typically granted to key employees and can act as a beneficial tool for companies looking to attract, […]
Taking Advantage of the Section 1202 Gain Exclusion
on Monday, 26 June 2023 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
While the sale of a business can result in a healthy lump sum for successful founders and their shareholders, the sale often results in recognition of gain, which is subject to taxation. The potential tax liability on gain recognition is where Section 1202 steps in as a beneficial tax planning […]
A Long, Hard Road—Nebraska State Legislative Tax Update
on Friday, 23 June 2023 in
The Closer - M&A, Securities & Corporate Counsel: Kevin P. Tracy, Editor
Nebraska’s 2023 Legislative Session—Slow Going The 2023 Nebraska Unicameral Legislative Session attracted national attention on more than one occasion due to controversial bills, debates, and comments from senators. One senator’s statement that she would “burn the session to the ground”[1] over a controversial bill foretold of difficulties to come. Though […]
