The most prominent tax characteristic of a partnership or LLC is that these entities are flow-through entities for tax purposes. Consequently, the entities do not pay taxes themselves. Rather, they report...
Hotel and hospitality acquisitions generally include additional operational concerns such as employee transitions, food and beverage operations, inventory, and guest baggage turnover, as well as franchise...
When drafting and negotiating an acquisition agreement, counsel should address potential issues arising from allegations of fraud to avoid potentially complex, time-consuming, and costly disputes after...
Understand the prescription drug discount program established under Public Health Service Act Section 340B. Read now » Related Content Life Sciences Post-Closing Price Reporting Covenant...
Do you need to understand how states are trying to protect employees from algorithmic and artificial intelligence (AI) discrimination? Read our newly published article, States Passing Laws to Prevent AI...
A flexible spending arrangement (often referred to as an “FSA” for the flexible spending account that is established for a participating employee) is one benefit employers may offer in a cafeteria plan to allow participating employees to use pre-tax contributions to pay for or reimburse certain eligible health expenses incurred during a plan year, like out-of-pocket (and unreimbursed) medical costs or, in a separate account, reimbursable dependent care expenses or adoption expenses. For health expenses, since the use-or-lose rule was softened by the use of a grace period or carryover of an indexed dollar amount, the notion of forfeiture isn’t as scary for employees.
Read now »
Related Content
Practical Guidance Updates Featuring the latest updates from your Practical Guidance account.
PRACTICAL GUIDANCE CUSTOMER EMAIL EDITION ON THE WEB
Experience results today with practical guidance, legal research, and data-driven insights—all in one place.Experience Lexis+