MKB Blog

Creating An Effective Estate Plan

Creating An Effective Estate Plan

  • Aug 9, 2018
  • Joan Agran
  • By Joan Agran

Estate planning is an important component of long-term family stability. It can provide guidelines for the prudent management of financial matters and the care and education of children and is also an important component of overall wealth planning. What should be included in an effective estate plan? We share the details.

Qualified Opportunity Funds: A Tax Intelligent Investment Option

Qualified Opportunity Funds: A Tax Intelligent Investment Option

  • Jul 31, 2018
  • Andrew Maguire Christine A. Reuther
  • By Andrew Maguire  and Christine A. Reuther

The Tax Cuts and Jobs Act of 2017 provides powerful tax incentives, which can defer, reduce, and potentially eliminate, capital gains tax for qualifying investments. The Act aims to stimulate development in economically-challenged areas designated as Qualified Opportunity Zones. Qualified Opportunity Funds (investing entities which meet certain criteria established by the IRS and the Department of the Treasury) can enjoy beneficial tax treatment if they invest in tangible property or equity interests in companies located in Qualified Opportunity Zones.

Pennsylvania 1099 Withholding Requirement for Businesses

Pennsylvania 1099 Withholding Requirement for Businesses

  • Jul 26, 2018
  • Christine A. Reuther
  • By Christine A. Reuther

Late last year, Pennsylvania enacted Act 43 of 2017, a grab bag of tax provisions that, among other things, requires Pennsylvania businesses to withhold personal income tax (PIT) at the rate of 3.07% from certain payments reported on the Federal Form 1099-MISC to non-resident payees. Absent a reprieve from the Commonwealth Court, which is considering a challenge to Act 43 in its entirety, the withholding requirements are now effective. Here’s what you should know. 

Trusts + Estates Planning in 2018: Time to Review

Trusts + Estates Planning in 2018: Time to Review

  • Jun 26, 2018
  • Joan Agran
  • By Joan Agran

It is always a good idea to review plans periodically to account for life changes (birth, marriage, death, financial, etc.). This year, the 2017 Tax Cuts and Jobs Act dramatically changed the federal gift, estate, and generation skipping transfer taxes. In light of these significant changes, it is even more important to revisit your estate plan, particularly if not reviewed in recent years.

Tax Cuts and Jobs Act Resource Center

Tax Cuts and Jobs Act Resource Center

  • Industry Brief
  • Mar 14, 2018
  • Marc S. Maser Christine A. Reuther
  • By Marc S. Maser  and Christine A. Reuther

The Tax Cuts and Jobs of 2017 included a number of promised provisions to cut the corporate tax rate on a permanent basis, provide time limited tax cuts for individuals and incorporate a number of provisions that may change taxpayer behavior on everything from housing choices to charitable giving to education.

Private Energy Supply Transactions: The Smart Thing You’re Not Doing

Private Energy Supply Transactions: The Smart Thing You’re Not Doing

  • Jan 16, 2018
  • Andrew Maguire
  • By Andrew Maguire

Today, electricity and natural gas are de-regulated throughout the Northeast, Mid-Atlantic and Midwest, giving property owners in these regions the opportunity to reduce energy costs by buying energy directly from private suppliers.

Early-Stage Companies: Better Off SAFE?

Early-Stage Companies: Better Off SAFE?

  • Jan 9, 2018
  • Christopher F. Wright Michael B. Lutz
  • By Christopher F. Wright  and Michael B. Lutz

In exchange for accepting seed capital, early-stage companies may want to consider offering initial investors a Simple Agreement for Future Equity (SAFE), which is a straightforward and easily-negotiated convertible instrument that will provide the investor a right to future equity in the company.

Year-End Tax Strategies Considering the Tax Cuts and Jobs Act

Year-End Tax Strategies Considering the Tax Cuts and Jobs Act

  • Dec 21, 2017
  • Marc S. Maser Christine A. Reuther
  • By Marc S. Maser  and Christine A. Reuther

The recent passage of the Tax Cuts and Jobs Act and the changes it makes to rate structures and other tax provisions create an opportunity in the final days of 2017 to permanently save tax dollars.

Workplace Sexual Harassment: Is Your Company Next?

Workplace Sexual Harassment: Is Your Company Next?

  • Dec 1, 2017
  • Dianne G. Moretzsohn
  • By Dianne G. Moretzsohn

Each week seems to bring new revelations of sexual misconduct by another high-ranking politician, journalist, actor, movie producer, etc. and the inevitable fall from grace, ruined reputation and shattered career. What impact is this media focus on sexual assault and harassment likely to have on your workplace?

Be Careful What You Record – It Could Be a Felony!

Be Careful What You Record – It Could Be a Felony!

  • Jul 19, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

Pennsylvania is one of only a handful of states to require the consent of all participants in order to make an audio recording of a conversation. However, that does not mean that all conversations are protected. There are of course exceptions.

3rd Circuit Holds 1st Amendment Right to Record Police

  • Jul 10, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

On July 7, 2017, the United States Court of Appeals for the Third Circuit held that there is a First Amendment right to record police officers in public while they are performing their official duties.

Selection of Only Commercial Properties for Tax Assessment Appeals Ruled Unconstitutional

Selection of Only Commercial Properties for Tax Assessment Appeals Ruled Unconstitutional

  • Jul 6, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

On July 5, 2017, the Pennsylvania Supreme Court ruled that school districts and other taxing authorities in Pennsylvania may not selectively appeal the real estate tax assessments of only a particular class of properties, such as commercial properties, because doing so violates the Uniformity Clause of the Pennsylvania Constitution.

U.S. Supreme Court Guts Fair Debt Collection Practices Act

U.S. Supreme Court Guts Fair Debt Collection Practices Act

  • Jun 12, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

The Supreme Court has undermined what many believe is the intent of the federal Fair Debt Collection Practices Act

Confession of Judgment – Be Careful When Giving Up Your Right to Due Process

  • Industry Brief
  • May 26, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

Does your proposed or existing commercial lease or other commercial contract contain a confession of judgment clause? If so, you should read this so that you understand your rights and the applicable law.

Has time run out? The law of the “Statute of Limitations” in Pennsylvania

Has time run out? The law of the “Statute of Limitations” in Pennsylvania

  • Feb 6, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

If you are wronged, how long do you have before you must sue or forever lose your right to do so? This is a very important question that non-lawyers don’t often think about.

Tax Cuts and Jobs Act Resource Center

Tax Cuts and Jobs Act Resource Center

  • Industry Brief
  • Mar 14, 2018
  • Marc S. Maser Christine A. Reuther
  • By Marc S. Maser  and Christine A. Reuther

The Tax Cuts and Jobs of 2017 included a number of promised provisions to cut the corporate tax rate on a permanent basis, provide time limited tax cuts for individuals and incorporate a number of provisions that may change taxpayer behavior on everything from housing choices to charitable giving to education.

Confession of Judgment – Be Careful When Giving Up Your Right to Due Process

  • Industry Brief
  • May 26, 2017
  • Benjamin R. Picker
  • By Benjamin R. Picker

Does your proposed or existing commercial lease or other commercial contract contain a confession of judgment clause? If so, you should read this so that you understand your rights and the applicable law.