What Employers Should Know about Giving Gifts to Employees

Rincker Law Business/Commercial Law, Employment and Labor Law 2 Comments

In today’s competitive job market, giving gifts and other fringe benefits to employees can be an effective way for employers to show appreciation. But generous employers should understand that most gifts and bonuses—even small ones—have tax implications. Employee gifts must be taxed and included on year-end tax forms unless they qualify as de minimis benefits, are presented as achievement awards, …

Share this Article

Ask Cari: Limited Liability Companies and Form 1099 Reporting

Rincker Law Business/Commercial Law Leave a Comment

Business owners typically dislike dealing with the tax reporting, filing, and payment requirements associated with running a business. It can be tedious and require attention to numerous details. For businesses that have made payments to vendors and independent contractors, the type of tax reporting required and the form it should take are often overlooked and confusing. Specifically, it requires understanding  …

Share this Article

Understanding How LLC Members Pay Taxes

Rincker Law Business/Commercial Law Leave a Comment

Limited liability companies (LLCs) are one of the most popular types of business entities. The LLC’s flexible taxation options are one reason it is preferred; LLC members can, for the most part, choose how they would like to be taxed. The LLC enjoys this flexibility because the Internal Revenue Service (IRS) does not recognize it as a distinct entity for …

Share this Article

Sales Tax: What You Need to Know

Rincker Law Business/Commercial Law Leave a Comment

Many small business owners contend with collecting, reporting, and paying sales tax. Although there is currently no federal sales tax, 45 states, and many localities, as well as the District of Columbia,  have a sales tax. Different taxing authorities have their own regulations, tax rates, exemptions, and deadlines, which can be quite confusing, especially for entrepreneurs who have just started …

Share this Article

Legal Issues to Consider Before Selling Products Online

Rincker Law Business/Commercial Law Leave a Comment

If you are considering expanding your physical business or starting a home-based business, selling your products online is a great way to reach additional customers. Before you begin to sell products online, there are several legal issues you should be aware of to ensure that your business is compliant with the law and that your interests are protected. Business entity. …

Share this Article

I’m Starting a New Business – Should I Use an LLC (Taxed as a Partnership) or an S Corporation?

Rincker Law Business/Commercial Law Leave a Comment

Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but not without careful financial and legal considerations. Among the decisions that new business owners grapple with is whether to form a limited liability company taxed as a partnership (LLC) or a corporation making an S election (S corp).* …

Share this Article

What is a 501(c)(5)?

Rincker Law Food & Ag Law 1 Comment

You might have heard of a corporation or organization being referred to as a “501(c)(5)”. This reference refers to a specific Section in the Internal Revenue Code (“IRC”) and means it is a not for profit labor, agricultural, or horticultural organization recognized by the Internal Revenue Service (“IRS”). It will be exempt form federal income taxes. To qualify for 501(c)(5) …

Share this Article

My Presentation on Farm Leases

Rincker Law Food & Ag Law, Speaking Engagements, Webinars Leave a Comment

  I gave a presentation last Thursday at Lawline on Farm Leases.  My powerpoint presentation can be viewed below.  It discusses:  (1) general considerations with farm leases, (2) active vs. passive income (and why it matters!), (3) types of farm leases, (4) lease provisions, (5) price/rent negotiation, and (6) a few other types of leases used on farming operations. [slideshare …

Share this Article

Recording Available for Equine Law Webinar

Rincker Law Webinars Leave a Comment

Last month, I moderated an equine law CLE webinar for the American Bar Association (“ABA”) General Practice, Solo & Small Firm Division’s Agriculture Law Committee titled “Common Equine Contracts:  What They Are, Pitfalls to Avoid, and Ideas for Effective Drafting.”  The renown faculty included Attorneys Avery Chapman, Julie Fershtman, and Thomas Nicholl.  The live webinar was on December 9, 2014; …

Share this Article

Common Equine Contracts: What They Are, Pitfalls to Avoid, and Ideas for Effective Drafting

Rincker Law Webinars Leave a Comment

I will be moderating this upcoming CLE for the American Bar Association (“ABA”) General Practice, Solo & Small Firm Division’s Agriculture Law Committee on December 9th on Common Equine Contracts. I’m super excited to have equine law attorneys Julie Fershtman, Thomas Nicholl, and Avery Chapman on board to present on this very useful topic. We will be discussing the following …

Share this Article

Hobby Farm Rules

Rincker Law Food & Ag Law Leave a Comment

Those who are just beginning a farm operation or food business, those who work off-farm or those who are slowly withdrawing from farming would do well to familiarize themselves with the Internal Revenue Code § 183, “Activities Not Engaged in for Profit,” occasionally referred to as “The Horse Shelter” or “Hobby Loss Rules.” IRC § 183 is designed to prevent …

Share this Article

Ten Legal Tips for the New Parent

Rincker Law Family/Matrimonial Law Leave a Comment

  Something must be in the air – I have a lot of friends having babies!  Having a baby and becoming a parent for the first time is exciting, but also very scary. There are many legal implications of having a baby and/or expanding your family. Here are my top 10 tips to make sure that you take legal steps …

Share this Article