The introduction of the Guttenberg press in the 1400’s transformed the world by reducing the cost of printing books in Europe. Printing presses also facilitated the use of pamphlets to spread views and establish reputations. Famous pamphleteers include Martin Luther (95 Theses, 1517), Johnathan Swift (A Modest Proposal, 1729), Thomas Paine (Common Sense, 1776), Emile Zola (J’accuse, 1894) and Martin Luther King (Letter from Birmingham Jail, 1963).
Every once in a while, the court’s administrative office decides that a revision – or even an entire overhaul – of a longstanding form is required. This may be because the law, the procedure, some information related to the form has changed, or merely that the powers that be decide that the form just needs to be updated. It is not an unusual occurrence and, over the course of 130 years, Blumberg has experienced many of these changes and has risen to the challenge of each one!
DATE AND PLACE OF BIRTH
November 15, 1887
Sun Prairie, Wisconsin
DATE AND PLACE OF DEATH
March 6, 1986
St. Vincent’s Hospital
Santa Fe, New Mexico
Georgia O’Keeffe was one of the unique artistic forces of the twentieth century. In 1916 she had a one woman exhibition of her paintings at famed photographer Alfred Stieglitz’s legendary “291” Fifth Avenue gallery in New York. That show established O’Keeffe as an important emerging artist; she continued to delight critics until her death seventy years later at the age of ninety-eight.
Three steps to take advantage of the 20% pass-through deduction in the “tax cuts and jobs act of 2017”
The new tax deduction for owners of pass-through entities in the Tax Cuts and Jobs Act of 2017 has brought increased focus on the issue whether a worker is an “employee” (W-2 recipient) or an “independent contractor” (1099 recipient). Given the choice, employers may prefer 1099 reporting to avoid payroll costs and withholding of social security, Medicare, unemployment and income taxes. Meanwhile, many wage earners would want to be paid as independent contractors, if their pay could be deemed “qualified business income,” entitling them to as much as a 20% deduction.
Below is the first of two articles about aspects of the Tax Cuts and Jobs Act of 2017. The first is an expert analysis of the Act inQuestions and Answers on the Qualified Business Income Deduction by Sidney Kess that first appeared in the New York Law Journal. The second piece is shorter and focuses on the employee/independent contractor issue. Those of you who are particularly interested in the independent contractor issue will want to be sure to read the second article next week, then refer back to Kess’ tax analysis for the definitions of the terms used.
It is well known that corporation and LLC certificates are proof of ownership of the person (or entity, if the shareholder or member named is another entity) they are issued to. But did you know that these certificates may confer specific rights, or place restrictions on, the holder of the certificates?
DATE AND PLACE OF BIRTH
July 10, 1943
DATE AND PLACE OF DEATH
February 6, 1993
New York, New York
Tennis great and humanitarian Arthur Ashe died from AIDS in February of 1993 at the age of 49, and was survived by his wife, Jeanne Moutoussamy and their 6 year old daughter named Camera. (Her name was a reference to the career as a photographer of Mrs. Ashe).
In the background of foreign films set in professional offices, you often see bookshelves full of neat rows of distinctive binders in various colors, with reinforced round holes the size of a quarter on their spine. These are “Lever Arch” Binders. They are the standard way the A-4 paper-size world files their paper records.
The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a treasure trove of tax breaks for businesses. Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions. Here are the most important changes in the new law that will affect businesses and their owners.
Business Cards, now so ubiquitous, date back to the 16th century, when the footmen of royalty and aristocrats presented cards to the servant of the house to announce their arrival. By the next century, “visiting cards” were widely used in Europe. About the size of playing cards, the cards were also used to jot down messages. When tradespeople started to use cards in the early 17th century, London streets had no formal numbering system. So, directions and maps were printed on the card as well as advertising. With the rise of commerce and a new class of entrepreneurs who needed to exchange information, “trade cards” merged with “visiting cards” to create the business cards we know today