News and Insights

Many small business clients find granting employees or key service providers a stake in the business an attractive concept as a tool for encouraging employee retention and quality work product. However, stock options and other grants of equity in small businesses often meet significant tax challenges that derail business owners’ good intentions. One traditional type […]

In the last decade or so my favorite genre of commercials on television has undoubtedly become commercials for home and auto insurance. I will literally back up the DVR to see how I have become my parents by bundling my home and auto insurance. Whether it’s Flo, the LMU Emu, the Geico gecko, or the […]

COVID-19 Legal Update for 2021

Unfortunately, as we complete the first month of 2021, the COVID-19 pandemic is still surging and many of the laws related to it changed on January 1, 2021. This article surveys a few of those laws, but is by far not an exhaustive list or a complete analysis of all of the new laws. Please […]

Take the Gain, Pay the Tax and Run?

Each Presidential candidate has put forth a proposed plan for Federal taxation of long-term capital gains which, if passed into law in 2021 or beyond, could have major impacts on your decision regarding the timing of sales or transfers of appreciated capital assets.   1. Mr. Trump has proposed reducing the maximum long-term capital gains tax […]

Assuming a regime change in Washington, the Biden tax plan proposes monumental changes that will have a massive impact on how many individuals (this means you) have structured their estate plans and finances for decades. Some of the things that should be discussed NOW with your financial consultant:       1. 1031 tax free […]

This Alert is one in a collection of articles created by Lyons Gaddis in our effort to get important information to our clients regarding the effect of the novel coronavirus (COVID-19) outbreak in the United States.  This Alert focuses on a proposed Bill called the “Helping Open Properties Endeavor Act of 2020,” establishing a loan […]

April 24, 2020COVID-19 and Potential Employment and Liability IssuesBy Brian L. Allard, Associate As businesses confront challenges not seen in generations, due to the COVID-19 crisis, it is extremely easy to become complacent with basic personnel and business liability matters. Yet now more than ever, businesses must stay vigilant. As revenues drop and payrolls become […]

April 15, 2020 1031 Exchange and Opportunity Zone Investment Deadlines Extended by Cameron A. Grant On April 9, 2020, the Internal Revenue Service issued Notice 2020-23 extending certain deadlines provided by the Internal Revenue Code for taxpayers either engaging in Section 1031 like-kind exchanges or making investments in Qualified Opportunity Zone Funds. If you have recently […]

COVID-19 ALERT: Beware of Scams

April 15, 2020 COVID-19 ALERT: Beware of Scams by Jennifer M. Spitz, Shareholder During the COVID-19 pandemic, there are many examples of altruism and community support.  Unfortunately, though, not everyone has good intentions.  Some people use this difficult time to try to defraud others.  Below are some examples to watch out for. IRS Scams Many Americans […]

Lyons Gaddis Covid-19 Alert This Alert is one in a collection of articles created by Lyons Gaddis in our effort to get important information to our clients regarding the effect of the novel coronavirus (COVID-19) outbreak in the United States.  This Alert focuses on the new PPP Loan Program and recommendations for managing your loan proceeds.  PPP […]