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New Jersey has a tax amnesty gift for its delinquent tax payers. In a nutshell, if by January 15, 2019, a taxpayer brings all back taxes current and pays 50% of the outstanding interest due, the NJ Department of Treasury will waive most penalties, collection costs and 1/2 of the interest that is due as…

The General Data Protection Regulation (GDPR) was approved by EU Parliament back in May 2017. The GDPR, in a nutshell, was designed to replace an inconsistent set of data privacy laws with a comprehensive law that protected all European Union residents. Please click here for my original post on the GDPR. While the GDPR has…

All US employers are required to use an I-9 form to verify the identity and eligibility of individuals (both citizens and non-citizens) for employment in the United States. Please take notice that effective today, January 22, 2017, there is a new I-9 form that replaces the one currently in place. You can download a copy…

New Overtime Law is Blocked The new overtime law that would have increased pay for millions of employees starting on December 1 has been blocked by a preliminary injunction issued by a Texas federal court. The law would have raised the minimum salary hourly threshold exemption for white collar employees under the Fair Labor Standards…

Driving to work this morning I was thinking about my aging receivables and was becoming increasingly frustrated. Although I am a lawyer and work in a Philadelphia law firm, I am also, at my core, the owner of a small business. I provide services and expect or hope to get paid. My situation isn’t very…

President Obama signed into law last year the Bipartisan Budget Agreement of 2015 and it changed, among other things, the manner in which the IRS will audit partnerships. This change will also apply to Limited Liability Companies (LLCs) that elected to be treated as partnerships for tax purposes. While this new law goes into effect…

One day you may find yourself unexpectedly involved in a grand jury investigation as a target, subject or witness. Before I explain the important differences between these legal distinctions I want to briefly cover the grand jury basics. The grand jury is a group of individuals as a collective legal body whose function is to…

Last month, Sally Yates, Deputy Attorney General for the United States Department of Justice, set forth a six point Memorandum that identified going forward how Justice would allocate its investigation resources to more effectively go after individuals responsible for corporate wrongdoing. This new directive was the result of senior attorneys from within the Justice department…

The Department of Labor and Internal Revenue Service have joined forces in a “misclassification initiative” that will target small business employers who misclassify employees as independent contractors. How serious is this initiative? Well, President Obama’s proposed 2011 budget allocates $25 million for this initiative. This additional funding will allow the Department of Labor to hire…

In this current economic climate, Philadelphia landlords are aggressively recruiting new tenants with offers of robust rent abatement and fit out allowances. Since the commercial lease is often one of a small business’s primary expenses, it is a good idea to review any proposed lease carefully before signing or making changes to your existing deal.…