News & Insights

Insights

Auto Lenders Are Now Better Protected in Consumer Bankruptcies

By: Alan M. Grochal
May 8, 2013
With the Bankruptcy Abuse Prevention and Consumer Protection Act's (BAPCPA) sweeping revisions to the bankruptcy code came a new provision that had caused uncertainty for auto lenders nationwide.  This provision, which prohibits consumer debtors from breaking down claims for certain auto loans ... Read more >
News

What the HITECH Act Means to Employers and Other Businesses

By: Melissa Calhoon Jones
May 8, 2013
On August 24, 2009, the U.S. Department of Health and Human Services published new regulations in the Federal Register that detail the obligation of covered entities to notify employees and, in some cases, the media and Secretary of Health, in the event of breaches of unsecured protected health info... Read more >
Insights

Chances of IRS Audit are Higher for Sole Proprietors

By: A. Lee Lundy
May 8, 2013
Consider this: You have a hobby or skill that you have decided, because of retirement, job cutbacks, or other considerations, you want to pursue as a side or small business that will probably generate income. You have received good advice that you should consider forming a single member limited lia... Read more >
News

Federal Estate Tax Is Repealed for 2010 - Is Your Plan Affected?

By: Brian A. Balenson
May 8, 2013
Despite last minute efforts by Congress at the end of 2009, the estate tax has been repealed for one year - 2010. Thus, under current tax law, if you die in 2010 your estate will not be subject to federal estate tax. This one year repeal was set up by the 2001 tax cut legislation signed into law by ... Read more >
News

Employment Law Updates

By: Melissa Calhoon Jones
May 8, 2013
FLSA Amendment re: Lactation Effective March 23, 2010, the Patient Protection and Affordable Care Act amended the Fair Labor Standards Act (FLSA) to require covered employers to provide breaks and space for nursing mothers to express breast milk. With minor exceptions, all employers covered by the ... Read more >
Insights

Maryland Job Creation and Recovery Tax Credit

By: A. Lee Lundy
May 8, 2013
In an effort to create new Maryland jobs for unemployed Maryland residents, Governor Martin O'Malley signed emergency legislation enacting the Job Creation and Recovery Tax Credit.  The Tax Credit makes available a $5,000 tax credit (that's $5,000 in real money - not just a tax deduction) for e... Read more >