Recent Blog Posts
Small Businesses Are Great For The Economy
If you are thinking about establishing a small business, you have everything to gain by doing so, and so does the community around you. As jobs that offer stability and generous benefits packages become harder to find among large employers, many industrious, enterprising people have been taking matters into their own hands and forming… Read More »
The Grinch’s Guide To The Annual Gift Tax Exclusion
In 2020, financial stress, travel restrictions, and caution about exposure to rapidly surging COVID-19 variants put a damper on many families’ holiday cheer. This year, some of those families are determined to have a fabulous celebration, but some realized, during quiet times at home and joyous exchanges of holiday greetings over Zoom, that going… Read More »
What Is The Difference Between A CID And EIN For Businesses?
Many industries have developed an “alphabet soup” of acronyms that make perfect sese to industry insiders but are utterly incomprehensible to anyone outside the occupation. Just listen to two people with federal jobs refer to the federal agencies with which they deal in the course of your work, or try reading your own medical… Read More »
Is It Time For Your Small Business To Pivot Away From Facebook And Instagram?
The feeling of panic was palpable when Facebook and other social media platforms under its control, including Instagram and What’s App, experienced an outage earlier this month. The outage lasted less than a day, but it was long enough to make people realize how much they depend on these platforms to stay socially connected. … Read More »
The Real Estate Business Could Soon Be Under Increased Scrutiny For Money Laundering
The real estate business is constantly changing. Tax deductions that were a boon to real estate investors one year disappear the next, and new tax breaks take their place, meaning that you must relearn how to qualify for them. Cryptocurrency and blockchain tokenization have also started to play a major role in the real… Read More »
Your Contact List Can Make Or Break Your Estate Plan
Even if you are the very antithesis of a procrastinator, the kind of person who files their tax returns in February and finishes their Christmas shopping before Thanksgiving, updating contact information can feel like a daunting task. Notifying the DMV and your health insurance company of your new address after moving into a new… Read More »
Widow Of Bakery Tycoon Withdraws Lawsuit Against Stepchildren Over His Estate
Almost everyone in Maryland has eaten a piece of bread or a sandwich bun that came from a bakery belonging to John Paterakis. His company, H&S Bakery, started out as a small family business, but by the time he died, his bakeries were producing two million hamburger buns per day for McDonald’s alone, not… Read More »
Preparing For Retirement Means Putting Away The Trappings Of Your Working Life
It feels liberating to get rid of something because you have happily moved onto another stage of your life. Donating the crib from your children’s bedroom to the Goodwill because your youngest child is old enough for a big kid bed feels like a victory, and so does trashing your shower caddy and mesh… Read More »
A Business Law Attorney Can Be The Antidote To Your Entrepreneurial Exuberance
The best business partner is someone whose thought processes line up closely with yours. “Opposites attract” does not usually apply to business partnerships; to borrow an idea from an old Freakonomics podcast, Bert and Ernie might get along well as friends and roommates, but if they embarked on a business venture together, not only… Read More »
What If Facebook Paid All The Invoices Owed To Your Small Business?
If your small business remained profitable during the COVID-19 pandemic which has dragged on for the past year and a half, there is a good chance that Facebook has helped you accomplish this. Social media provides versatile ways for small businesses to connect with customers even before the pandemic hit, and during the long… Read More »
