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Showing 68 posts from 2013.
Does my business qualify for a KEDFA small business loan?
At McBrayer, we realize that small businesses are the backbone of America. That is why we thoroughly enjoy helping entrepreneurs get on their feet and open their door to business. Whether it is starting or expanding a company, our corporate law attorneys can aid in every step of the process. One of the biggest obstacles in opening a small business is acquiring adequate funding. It is important to know what financial resources are available and whether your business qualifies for them. One such resource is the Kentucky Economic Development Finance Authority's ("KEDFA") Small Business Loan Program. More >
Accounting firms merge to move into North Kentucky market
An accounting firm Barnes Dennig is in the process of merging with another firm to give it a larger presence in Northern Kentucky. The merger is to take place on January 1st, and the merger will make it as one of the larger accounting firms in the area. More >
The Gift of Education
Many grandparents want to enrich the lives of their grandkids, but are not sure the best way to accomplish this with their estate plan. I encourage clients to consider helping their grandchildren with the future costs of education. The proper planning can help grandkids avoid hefty loans and be tax-efficient for the donor. More >
Taxing of online sales may be decided by Supreme Court
Kentucky is one of a minority of states that require collection of taxes for out-of-state online sales. Known as the Amazon tax, deciding whether such taxes should be allowable could be taken up by the United States Supreme Court. More >
Merger made to boost Anheuser-Busch sales
Two firms are merging in order to allow a greater presence across the U.S. in the distribution of Anheuser-Busch products. Hand Family Cos, already oversees distribution operations in Kentucky and Tennessee. Hand Family joining up with BDT Capital Partners LLC will apparently allow them to dominate sales of Anheuser-Busch in other regions of the country as well. More >
Contingent Business Interruption Insurance - Insuring Against the Unfathomable
The recent government shutdown luckily only had minimal effect on businesses in the private sector (mainly, government contractors). But the shutdown was enough to make business owners and operators everywhere think about the unthinkable - what happens when your business is interrupted through no fault of your own? More >
New Heinz CEO presents Whopper of conflict for McDonald's
It is basically the most classic American side: french fries and ketchup. But does it matter what kind of ketchup a fast food restaurant offers its patrons? If consumers do have a condiment preference, then those who frequent McDonald's might notice a change in the taste of their favorite snack. More >
What is an Irrevocable Life Insurance Trust?
Life insurance is an important estate planning tool; however, life insurance proceeds can be quickly diminished by taxation. This is due to the fact that a policy's face value is often included in a decedent's taxable estate. For instance, if you own a life insurance policy with a face value of $2 million dollars and you have other assets valued at $4 million dollars, then at the time of your death your estate would be valued at $6 million dollars. Your heirs would be exposed to estate tax liability on the amount exceeding $5.25 million dollars, the current estate tax exemption, (which is always subject to change). Notwithstanding these facts, proper planning can protect life insurance proceeds; one way to minimize the threat is to create an irrevocable life insurance trust ("ILIT"). More >
JCPenney and Martha Stewart's marriage will be cut short
If you have visited a JC Penney department store lately, you might have noticed its new look and setup. Part of its revamp is the acquisition of a big name and her hot products. That's right, Martha Stewart is no longer a brand for just Macy's shoppers. She is a consumer option for the JC Penney fans, too. More >
A Tip For Dealing with Automatic Gratuities in 2014
A new Internal Revenue Service ("IRS") rule, set to take effect in January 1, 2014, may eliminate a common practice in the restaurant industry. Often, an automatic gratuity, normally 18%, is added to the bill of large parties. Automatic gratuities were adopted by restaurant employers as a means for ensuring that servers do not get stiffed on expensive bills. Servers heavily rely on tips to supplement a salary that is often times lower than the federal minimum wage. More >