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Opportunity Zones: 3 Waves of Investment
Though Opportunity Zones are being leveraged to garner millions of dollars of investment for Erie, critics of the Incentive claim that, as a whole, Opportunity Zones have only added to the capital stack of deals that would have been made regardless of the Tax Incentive—and they’re not completely wrong.
Opportunity Zones: The Role of Government
The Opportunity Zones Federal Tax Incentive is best utilized when all community partners work together to achieve its success. Although the initiative is not a governmentprogram, this does not mean that government is a silent bystander.
Opportunity Zones: The Erie Model
By enticing investors with tax free growth, Opportunity Zones work to give low-income communities a “shot in the arm” and a chance at making a deal that may not otherwise be possible, possible. In short, Opportunity Zones present opportunity.
Cybertheft and Retirement Plan Assets
If news headlines about cyber-attacks and data breaches have not yet frightened you to examine and bolster the security measures protecting your retirement plan assets, what kind of an epiphany are you waiting for?
Agent and Broker Mergers and Acquisitions
Mergers and acquisitions among insurance agencies and brokers in the United States and Canada continue to occur at record levels.
IRS Expands Self-Correction Program
On April 19, 2019 the IRS issued Revenue Procedure 2019-19, which updates the comprehensive system of correction programs for sponsors of retirement plans.
2019 Dollar Limitations on Benefits and Contributions
With the release of Notice 2018-83, the IRS has announced the cost-of-living adjustments for pension plans and other related items for the 2019 tax year.
Pennsylvania Breach of Personal Information Notification Obligations
In addition to various Federal requirements such as the Health Insurance Portability and Accountability Act (HIPAA) that impose obligations on entities to disclose the occurrence of data breaches involving personal information, Pennsylvania law imposes breach notification requirements.
The Affordable Care Act: The Gift that Keeps on Giving
The Internal Revenue Service has announced that it will begin issuing letters regarding potential pay or play penalties to Applicable Large Employers (“ALE”) for the year 2015. Indications are that employers will begin receiving the letters in December 2017 – Happy Holidays!
2018 Dollar Limitations on Benefits and Contributions
With the release of Notice 2017-64 the IRS has announced the cost of living adjustments for pension plans and other related items for the 2018 tax year.
Landowners, Legacies and Legalities
What Forest Landowners Need to Know About Estate Planning and Forest Preservation from a Legal Perspective
2017 Dollar Limitations on Benefits and Contributions
The IRS has announced (IR-2016-62) the cost-of-living adjustments for pension plans and other related items for the tax year 2017. The following table shows the 2017 dollar limitations in comparison to 2016.
2016 Dollar Limitations on Benefits and Contributions
The IRS has announced (IR-2015-118) the cost-of-living adjustments for pension plans and other related items for the tax year 2016. The following table shows the 2016 dollar limitations in comparison to 2015.
Cadillac Tax: Why You Should Prepare for 2018
The Affordable Care Act (“ACA”) imposes a forty percent (40%) tax on the amount by which the cost of the insurance benefit exceeds an applicable dollar limit. This is referred to as the “Cadillac tax” and is effective for tax years beginning after 2017.
ACA: Post King v. Burwell Landscape
This Article identifies some of the continuing legal challenges to the ACA and identifies actions that employers should consider regardless of pending litigation or possible legislative action.
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