May 23rd, 2024
U.S. Department of Labor’s Expansion of Overtime Eligibility Goes Into Effect July 1
The U.S. Department of Labor (DOL) announced a final rule on April 23, 2024, that will increase the salary thresholds for the “white collar” (WC) and “highly compensated employee” (HCE) exemptions to the Fair Labor…
May 22nd, 2024
Road Trip Ready: What to Do If You’re in a Car Accident This Summer
With Memorial Day marking the unofficial start of summer and the travel season heating up, roads will be bustling with vacationers. Unfortunately, this can also mean an increase in traffic accidents. It’s crucial for travelers…
May 9th, 2024
Senior Fraud Awareness Day: Ensuring Your Loved Ones Aren’t Victims
Did you know seniors lost an estimated $3.1 billion annually to financial scams and fraud? Shockingly, the total losses of fraud reported by elderly victims have increased 84% since 2021. May 15th is National Senior…
May 1st, 2024
April Federal Tax Updates
INDIVIDUALS In Estate of Finnegan v. Commissioner, TC Memo 2024-42, the Tax Court concluded that settlement proceeds paid by a state as a result of improper findings of abuse and neglect of their children were…
April 25th, 2024
FTC Issues Ban on Noncompete Agreements
UPDATE: FTC Ban on Noncompetes Blocked On April 23, 2024, the Federal Trade Commission (FTC) announced a Final Rule, applicable to for-profit employers, that would prohibit the enforcement of most “noncompete” clauses—those clauses that prohibit…
April 15th, 2024
To Be Blunt: The Dormant Commerce Clause Held To Not Apply to Maryland’s Social Equity Cannabis Licensing Scheme
The below information is provided as an update on an important issue developing with respect to Maryland’s cannabis industry. However, if you are interested in starting a cannabis-related business or providing ancillary services to a…
April 9th, 2024
Podcast: David De Jong Talks About Tax Implications of Catching a Record-Breaking Baseball
As the Major League Baseball season kicks off, tax attorney David De Jong shares insights with Money Life with Chuck Jaffe on what you have to consider from the tax perspective if you’re fortunate enough…
April 9th, 2024
Small, Minority- and Women-Owned Businesses May be Missing out on Maryland Contract Opportunities
Maryland’s Minority Business Enterprise (MBE) and Small Business Enterprise (SBE) Programs aim to connect small, minority- and women-owned businesses to Maryland contracting and procurement opportunities. In addition to enhancing your business’ visibility, obtaining a MBE…
April 1st, 2024
March Federal Tax Updates
INDIVIDUALS In State of New Jersey v. Mnuchin, 133 AFTR2d 2024-________, a New York Federal District Court upheld an IRS Regulation nixing a “workaround” to the $10,000 state and local tax deduction maximum; the method…
April 1st, 2024
Estate Planning Jitters? You Asked, We Answered During This Key Month!
Why Do I Need a Will (or any estate planning for that matter)? First and foremost, you want to remain in control of your final dispositive wishes. If you die without a Will, you will die “intestate.” Dying intestate…
