Resources
Stay in the know of company and industry updates, accomplishments and more!
Using a Contract Breach to Defend Against a Sales Rep’s Claim for Breach of Contract
Some sales rep cases turn on persnickety contract language or ambiguous terms. Other rep cases involve arcane questions of law. Then there’s the case brought by sales rep Lindsie Williamson that worked its way up to the Supreme Court of Utah in November 2022.
Premium Financing — An Inexpensive Means of Purchasing Life Insurance
The ownership of life insurance is a much-needed component of business succession and personal financial plans. Life insurance needs vary from funding needed to purchase the ownership interest of a business partner upon death, creating liquidity for the family of a decedent for the payment of estate taxes or providing cash for surviving family members.
The Difference Between Winning and Collecting / Financing Growth with the SBA (Winter 2023)
Contributors: Rich Goldwasser, Joan Berg
Tax Planning for Lottery Winners
Question: My husband and I recently won the grand prize from my State’s lottery. Can you provide some guidance on how we will be taxed on our lotto winnings?
FTC Proposed Regulation Places Non-Competes in Jeopardy
Yesterday, U.S. Federal Trade Commission announced a proposed new regulation prohibiting non-compete agreements in the workplace and requiring employers to rescind non-compete agreements currently in place.
Real Estate Investments in IRAs
Question: I have a significant balance in my individual retirement account. Can I use my IRA to purchase real estate?
Answer: You can purchase real estate from your IRA. Various requirements must be satisfied to comply with IRA real estate purchases, however, and the failure to adhere to the requirements can be costly from a tax perspective.
Deferring Tax on Vacation Home Sales
Question: I am contemplating selling my vacation home which my family uses for personal purposes and also rents to third parties. If I purchase a new vacation home, can I defer the recognition of gain on the sale through a tax-deferred exchange?
Employee Retention Credit: What Business Owners Need to Know / 2022 Cook County Property Assessments Arrive as Prior-Year Process Continues (Fall 2022)
Contributors: Jordan Melvin, Danielle Pearlman, Jason Newton
Classifying Service Providers as Employees or Independent Contractors
Question: One of my employees is leaving the company but will continue to render services for our business. Is there a problem if I treat the worker as an independent contractor?
Planning Your Estate Is Important This Week and All Year Round
Welcome to National Estate Planning Awareness Week! It arrives when studies show that nearly 67% of adults lack an up-to-date estate plan. At SFBBG, we are committed to addressing this dire situation.