By Jay M. Pabian | Partner Our current tax system is structured so that we pay income tax on our earnings, investment income, and distributions from retirement plans. However, federal capital gains tax on an appreciated asset such as a home, business or stock is postponed until the asset is sold. Under current law, upon
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By Robert A. Vigoda | Partner Over the past twenty years, there has been a steady decline in the number of Americans subject to the federal estate and gift tax, and ample ways for even the wealthiest families to avoid or minimize the tax. This trend culminated in the increase in lifetime estate and gift
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On March 27, 2021, President Biden signed into law the COVID-19 Bankruptcy Relief Extension Act of 2021, which, among other things, allows businesses with debts between $2,725,625 and $7,500,000 the ability for another year to take advantage of the streamlined provisions of the Small Business Reorganization Act, sometimes referred to as Subchapter V of Chapter
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“Jeffrey A. Dretler, Partner in the Labor and Employment Practice Group at Rubin and Rudman LLP was quoted by Ask the Job Doc. –Boston.com to share his expertise as he is providing counsel to a wide range of clients also struggling with these challenges. Dretler advises, ‘The best practice for businesses is to continue to follow the CDC’s
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With the government-ordered closures and an increasing number of business failures, those extending credit in any form – whether they be lenders, suppliers, landlords or service providers – face the likelihood that one or more of their customers will simply close its doors or end up in a bankruptcy proceeding. While Chapter 11 has provided
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On Monday, May 18, 2020, Governor Baker announced his plan for Reopening Massachusetts. The plan was the result of work performed by the Reopening Advisory Board that details a four-phased strategy to reopen state businesses and activities. Phase One of the plan became immediately effective as of May 18, 2020. The specifics of the four-phase
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Many states have begun to lift the various shelter-in-place orders their governors imposed to stem the spread of the novel coronavirus, and many other states will be considering doing so in the near future. While recognizing that the workplace will not look the same, employers are preparing to bring their employees back to the workplace
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As businesses consider their options while they attempt to navigate their way through the economic crisis caused by the COVID-19 pandemic, many will find relief in the newly-enacted Small Business Reorganization Act (“SBRA”). The SBRA, which became effective on February 19, 2020, and was expanded on a temporary basis under the CARES Act to allow
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It has now been more than one month since we, like most of you, have been asked to isolate ourselves, maintain social distancing, and essentially hunker down at home as we ride out this “storm” more formally known as the COVID-19 public health crisis. During these times each day mostly feels the exact same as
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On April 20, 2020, Governor Charlie Baker signed into law bill H. 4647, which places a moratorium on evictions for residential and small business tenants and a moratorium on residential foreclosures, for 120 days after the enactment of the law or 45 days after the State of Emergency declared by the Governor on March 10,
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