My Blog
business taxes
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Paul Berlin: Posted on Thursday, April 19, 2012 10:49 AM
 A Non-Qualified Deferred Compensation (NQDC) Plan typically is an unfunded and unsecured promise by an employer to pay compensation to one or more of its employees in the future (usually beginning at retirement). The plan is “non-qualified” because it does not meet the requirements of IRC sections 401 to 417 (participation, vesting discrimination, etc) that are satisfied by a qualified pension or profit-sharing plan.
Under a NQDC plan, the employees may voluntarily elect to defer a part of their compensation, or the employer may defer “extra” compensation, or both the employee and employer may make contributions that will lead to distributions to the employee at some specified future date. |
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Posted on Thursday, April 12, 2012 10:03 AM
 If you are considering starting a new business, you have
probably started compiling a list of things and processes you will need to take
care of before you even open your doors. Your list of things to do most likely
includes setting up an office, getting business cards, and evaluating website
options, but have you considered contacting an attorney?
Many small businesses hold off on consulting an attorney
until they run into legal trouble. In many cases, this will be too late and
will result in major repercussions for the business. |
Attorney, DIY Legal, Business, business taxes, contracts, copyright, corporation, Limited liability, LLC, partnership, regulations, taxes, trade secret, Family Business
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Posted on Thursday, March 22, 2012 4:50 PM
As small business owners, we are always concerned about how the decisions our elected officials make will effect us and our businesses. As we get closer to Washington’s 2013 fiscal year, which starts in October, we are left to wonder how the President’s new budget will effect us. Regardless of which side of the aisle you prefer, it is important to examine the positives and negatives of the new budget as they relate to us.
As part of the President’s new budget, the payroll tax cut is extended. Though it will decrease the tax burden on employees, the employer will see no change in this tax.
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Nina Stillman: Posted on Tuesday, October 18, 2011 8:35 AM
 It is National Estate Planning Week! (ok so we had to declare it for ourselves!) What is estate planning and what are the basics you ask? Why is it important? Estate planning is a process utilizing the advice of trusted advisers to assist you with decisions about how to protect and distribute your assets(including your business if you own one) when you pass away, who should pay your bills and take care of your monetary affairs for you in the event that you are living but unable to take care of them yourself, and also who should make medical decisions for you based upon your wishes in the event that you are injured but cannot communicate your desires clearly. |
Wills, Estate Planning, minor children, Life Insurance, tax savings, Business law', business taxes, buy sell agreement, corpoation, corporation, dissolution, exit strategy, partnership, sale of business, succession planning, taxes, trusted advisor, disability, retirement, guardians, power of attorney, Charity, asset management
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Nina Stillman: Posted on Thursday, October 13, 2011 1:55 PM
 I have been blogging about business law and estate planning issues for a few months now and one client asked me " I love your posts but why do you do it? Why do you get out of bed and do this work everyday?" I realized that I have not told my story to too many people so here it is... I am the daughter of an entrepreneur/business owner who, while he may not have known it at the time, taught me so much about business and I have always wanted to do something with what I have learned from him. |
Attorney, Estate Planning, tax savings, Business, Business law', business taxes, business valuation, corporation, exit strategy, Limited liability, LLC, partnership, sale of business, succession planning, taxes, trusted advisor, retirement, Trust, compassion
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Nina Stillman: Posted on Thursday, September 15, 2011 8:03 PM
 Just like moving into a new house, starting a business can be so exciting! Getting your concept off the ground and going gets the adrenaline pumping!!! But what about the formation of your business and making sure the foundation is strong and stable? You buy homeowner's insurance to protect your new house - so why would you not get the same type of insurance policy for your new business.... yes, you would get property and casualty insurance, but your business lawyer can provide a huge amount of protection as well. |
Attorney, Business, Business law', business taxes, business valuation, buy sell agreement, compliance, contracts, copyright, corpoation, corporation, dissolution, employment, exit strategy, financing, leases, Limited liability, LLC, LLP, partnership, patent, real estate, regulations, sale of business, service mark, succession planning, taxes, trade secret, trademark, trusted advisor, vendor
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