Wayfair Tax Supports Tax Fairness

by David P. Weiss | Mar 11, 2022 | Small Business Law, Taxation

The Chesterfield Regional Chamber of Commerce (Chesterfield, Missouri) was asked to weigh in on the issue of the City of Chesterfield applying sales taxes to online purchases from out-of-state vendors. First, a little history. For decades, the United States Supreme...

S Corporations — A Brief Summary

by e-LawLines | Sep 19, 2017 | Corporate Law, Small Business Law, Taxation

When forming a new company, it is important to consider not only the type of entity being formed but also how that entity will report and pay taxes. In certain situations, it may make sense for a corporation or LLC to elect to be taxed under subchapter S of the...

June 30, ACA Deadline Looming for Small Employers to Avoid $100-per-Day-per-Employee Penalties

by e-LawLines | Jun 11, 2015 | Corporate Law, Employment Law, Small Business Law, Taxation

Does your business or employer pay for, or reimburse employees for, individual health insurance coverage? Did you know that as a result of the Affordable Care Act, such arrangements were prohibited beginning January 1, 2014? Did you know that more-than-2% shareholders...

Affordable Care Act 2015 Update

by e-LawLines | Dec 16, 2014 | Corporate Law, Employment Law, Small Business Law, Taxation

During 2014, we saw a variety of additional guidance issued by the Department of the Treasury and Internal Revenue Service (“IRS”) as well as the U.S. Department of Labor (“DOL”) regarding the Affordable Care Act (“ACA”) or...

DOL Reaffirms and Adds to Recent IRS Guidance Regarding Employer Payment Plans — Effectively Shutting Down Any Payments by Employers for Individual Health Insurance Premiums

by e-LawLines | Dec 15, 2014 | Corporate Law, Employment Law, Small Business Law, Taxation

Does your business or employer pay for, or reimburse employees for, individual health insurance coverage? Did you know that as a result of the Affordable Care Act, such arrangements were prohibited beginning Jan. 1, 2014? On Nov. 6, 2014, the U.S. Department of Labor...

When Is a Duck Not a Duck? When a Duck Is an Individual Health Insurance Premium Reimbursement to a More-Than-2% Shareholder of an S Corporation

by e-LawLines | Dec 12, 2014 | Corporate Law, Employment Law, Small Business Law, Taxation

It’s not business as usual if you are a shareholder of an S corporation which is either paying directly, or reimbursing you, for your individual coverage health insurance premiums. Did you know that changes were required starting Jan. 1, 2014? Recently an FAQ...