A new opinion from the California Court of Appeal sends a stark warning to employers regarding employee rights to prompt payment upon termination of employment. Nishiki v. Danko Meredith, APC, Court of Appeal, 1st District, August 1, 2018. California Labor Code Section 202 requires that the employer pay all wages (including accrued PTO, earned commissions, […]
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Are You in the Zone for Opportunities?
One of the new provisions in the December 2017 tax act was the creation of Qualified Opportunity Zones (“QOZ”). A QOZ is a population census tract that is a low-income community or a tract adjacent to a low-income tract that has been so designated by the Governor of a state. Each state has a minimum […]
Worker as Employee or Independent Contractor (Part 2)
Dynamex Opinion Changed California Law Regarding Classification of Worker as Employee or Independent Contractor In our Law Alert dated May 8, 2018 we set out the basic rule regarding classification of workers as either employees or independent contractors as established in the April 30, 2018 Dynamex Opinion. As promised, here is some guidance gleaned from […]
Worker as Employee or Independent Contractor (Part 1)
California Supreme Court establishes new law: Classification of Workers as “employees” or “independent contractors” In an opinion issued on April 30, 2018, the California Supreme Court established new law that may have important consequences for companies that classify some of their service providers as independent contractors. Dynamex Operations West, Inc. v. The Superior Court of […]
Legal Audit: What Is It and Why Should We Have One Done?
The Entrepreneurial Dilemma Imagine your start-up at the verge of breaking through, just needing another round of capital infusion to make it over the top. Your product is top notch, well reviewed, and fills a market niche. Your marketing is set and is already producing sales. Visions of an IPO swirl amongst the founders and […]
Recent Tax Changes to Section 199A
Recent changes to the federal tax code have caused a flurry of articles and editorial comments which, along with the inherent complexities of the tax changes themselves, have caused confusion to owners of pass-through entities. Here is a brief and accurate summary of the provisions of new Section 199A. An individual, partnership, S-corporation, or limited […]
N&V Welcomes Alan Seher
Dear Clients and Friends, We are pleased to announce that Alan Seher has joined our team of senior business attorneys. Alan is a California Certified Tax Specialist with over thirty years of experience advising business people and companies on tax strategies designed to minimize their legally required federal and state tax obligations. With Congress seemingly […]
New Securities and Exchange Commission Rules
New SEC Rules Will Make It Easier for Companies to Raise Money Through Small Offerings and Offerings Within One State In October 2016 the Securities and Exchange Commission (the “SEC”) adopted final rules making it easier for companies to offer and sell securities in small offerings and in offerings within one state without registering the […]