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Posts Tagged ‘tax’

Legislature Slips in a Bitter Pill

Retailers in Virginia who collect sales tax realized just a few weeks ago that, as of today, July 1, all sales tax submissions to the Virginia Department of Taxation would have to be online. Whoops. RichmondBizSense.com covered the news this morning and the leading organization for retailers, the Virginia Retail Merchants Association, identified the issue [...]

 

Small Business Jobs Act

With the media frenzy and political back and forth over the extension of the Bush Tax Cuts, you might have missed the 2010 Small Business Jobs Act (SBJA), signed into law on September 27, 2010. This new law includes a broad spectrum of tax relief designed to stimulate business investment and spending. The hope is [...]

 

Health Reform: Codifying Economic Substance Doctrine

John Vandenhoff continues his exploration of the tax implications of the new health care law. There’s also more in a series of informational podcasts on the Web site of the Law Firm Alliance, of which we are a member. In our previous posts (here and here), we talked about the new Healthcare legislation which was [...]

 

HIRE Act — The New Hiring Incentives

This article by John Vandenhoff, a tax specialist at Sands Anderson, describes some of the incentives for businesses that hire new employees under the Hiring Incentives to Restore Employment Act of 2010 (“HIRE”). We’ll have more on this important new law in some of our follow-on posts. David

 

CANCELLATION OF DEBT — Traps for the Unwary

John M. Vandenhoff, Esq. In today’s economic environment, businesses are looking to modify and re-structure debt to pull through until the economy turns around. Rather than allowing so many loans to go bad, lenders are working with debtors to re-structure loans in a manner that allows the debtor to stay in business. For example, a [...]

 

Stock Grants and Phantom Income

This Kind of Corporate Benefit Your Employees Don’t Welcome. Stock Grants and Phantom Income You own a small and very successful private company. You know that you would never have become so successful without the dedication and hard work of your trusted key managers. You have one particularly valuable manager who you would like to [...]