By Cameron Kinvig | LexisNexis Practical Guidance The global demand for renewable energy is expected to continue booming for the next two decades. The U.S. Energy Information Administration projects a nearly 50% increase in world energy usage by 2050, led by...
Over the last year, law firms of all sizes, from the largest in the world to small and midsize firms, have pursued funding from multiple rounds of the Payment Protection Program (PPP) . For some, the PPP loans they received were insurance for rough patches that...
Filing tax returns can already be burdensome, and for divorcing couples, recent significant changes to federal tax laws are likely to further complicate matters. The Tax Cuts and Jobs Act reverses the law created nearly 80 years ago that aimed to ease the post...
This post was originally published in June 2020 and updated in April 2023. It’s no secret that tax law is constantly in flux. And every election cycle brings potential changes to federal, state, and local tax codes. To further complicate things, external...
In an effort to keep pace with an increasingly digitized world, many law firms are beginning to accept cryptocurrencies such as Bitcoin as payment from clients. Gaining an understanding of how cryptocurrency works can be daunting. But for lawyers, it may be worth...
Business owners, including attorneys, know how important the federal tax deduction for “ordinary and necessary” business expenses is to their profitability and survival. The less money a business pays in taxes, the more profits it has with which to...
Only about 8 percent of Americans invest in cryptocurrencies . But you wouldn’t know that based on the amount of media coverage that is devoted to cryptocurrency—and the cadre of media outlets that focus on it exclusively. Perhaps sensing that all...
Plaintiffs whose personal injury suits involve a major accident often expect a tax-free settlement. Settlements can be complex in any case, but the new Trump tax law further complicates the subject as it alters who, how and what is taxed in personal injury cases...
When your client is excited about the prospect of starting a new marijuana business, it’s likely considered a real “buzz-kill” to bring up complicated tax laws. But to avoid costly mistakes in penalties or overpayments, that is exactly what you...
A popular quote from Benjamin Franklin reads, "In this world nothing can be said to be certain, except death and taxes." Well, if recent years are any indication, that idiom should probably be tweaked to say, "The only thing certain is death, taxes...
With the first year of the new federal income tax scheme under the 2017 Tax Cuts and Jobs Act (TCJA) in the books, individuals, organizations, politicians and tax professionals are still sorting out the implications of the law and its impact on tax planning. As...