In January 2025, Practical Guidance introduced a comprehensive array of new resources and updates across various legal practice areas, reflecting the dynamic nature of the legal landscape. This release...
A business entity that is treated as a disregarded entity for tax purposes is generally ignored for U.S. federal income tax purposes even though it is a separate legal entity for state law purposes. While...
Check out this practice note from Practical Guidance – Healthcare to understand the structural elements of a compliance program and plan for a healthcare entity. You will learn about the critical...
Don’t miss out on insights that could transform your financial strategies! Review this new practice note by A&O Shearman providing guidance for lenders and borrowers entering into or considering...
This client alert digest discusses the flood of executive actions issued by President Trump during the first week of his second presidency and their profound effect on the construction industry. Immediate...
The SECURE 2.0 Act made significant changes to the IRC and ERISA, as applied to tax-favored retirement plans. Section 121 of the SECURE 2.0 Act amended IRC § 401(k) to authorize a simplified cash or deferred arrangement, called a starter 401(k) plan. The plans are primarily for employers that don’t already maintain a retirement plan (outside of collective bargaining employees). They are elective deferral-only plans (no other contribution types are permitted) subject to an annual inflation-indexed contribution limit starting at $6,000, plus catch-up contributions. They are easier and intended to motivate employers to adopt retirement savings plans for their employees.
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