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Over the past several months, business owners, lawyers and accountants across the country have been questioning if insurance companies would pay on business interruption insurance claims on damages related to COVID-19. The insurance companies are stating that the lack of “direct physical loss or damage” to insured property forms the basis for their denial of these claims. This has led to a surge in...

Under legislation signed by Governor Cuomo, New York workers are guaranteed job protection and financial compensation while they are on a mandatory or precautionary quarantine order due to COVID-19.WHAT EMPLOYERS NEED TO KNOW ABOUT COVID-19 PAID SICK LEAVE:...

If you find yourself wondering if your business partner is taking more than his or her fair share, you could be right. Situations involving allegations between business partners are referred to as “shareholder disputes,” and the path to a resolution is never clear and easy....

In an effort to “ensure that this program is used as it was intended,” Rep. Ron Kind (D-Wis.), Rep Mike Kelly (R-Pa.) and Rep. Terri Sewell (D-Ala.) have recently introduced the Opportunity Zone Accountability and Transparency Act. This legislation is intended to create transparency and oversight...

While most business owners begin their entrepreneurial journeys with the best of intentions, owners simply won’t agree on everything all the time. Considerable disagreement can often lead business owners to end their relationship and go their separate ways. And whether the owners have a 50/50...

The IRS has published its first guidance in five years for calculating taxes owed on cryptocurrency holdings. Cryptocurrency industry members have been eagerly awaiting this update since May 2019, when IRS Commissioner Charles Rettig said the agency was working on providing fresh guidance. The IRS’ 2014...

You may have read about the recent bankruptcy filing of clothing retailer Forever 21. And while this drastic step seemingly came out of the blue, it’s a familiar story. A growing, successful family business failed to heed the sage advice of others or take a...