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Business Organizations & Commercial Transactions
2019 Employment Law Updates: Minimum Wage Increases
Author: Richard K. Mahrle
Issue: January 10, 2019
With a new year come new changes. You may want to pull out your employee handbook or policy manual and consider revising it to meet the new requirements. We can help you with that.
As of January 1, 2019, the minimum wage in our state has increased to $11.00 per hour. Tipped employees can be paid $8 an hour, but their hourly pay including tips must meet or exceed the $11.00 minimum in Arizona.
There are very few exceptions to the Arizona minimum wage.
Gammage & Burnham Ranked in 2019 Best Law Firms by U.S. News & World Report and Best Lawyers
It was recently announced that Gammage & Burnham PLC is nationally ranked in eight practice areas and regionally ranked in 18 practice areas. The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process, and Best Lawyers is the oldest peer-review publication in the legal profession.
According to Best Lawyers, a tier designation reflects a high level of respect a firm has earned among other lawyers and clients for their abilities, their professionalism and their integrity. There are three tier levels, with one being the highest. Gammage & Burnham received first-tier rankings among firms in the Phoenix metro area for ten practice areas: Administrative/Regulatory Law; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law; Business Organizations (including LLCs and Partnerships); Commercial Litigation; Construction Law; Health Care Law; Land Use & Zoning Law; Litigation – Construction; Litigation – Land Use & Zoning; Litigation – Real Estate; Real Estate Law; and Securities Regulation.
Legal Alert: New Audit Rules (Part 1)
Issue: May 29, 2018
New Audit Rules: Part 1 – Who Can Opt Out?
There are changes coming, effective this tax year, that require all entities taxed as partnerships to contemplate many issues that they haven’t needed to in the past. In this multi-part series, we will outline several provisions in the new IRS audit rules that impact these entities. These changes directly affect both general and limited partnerships as well as limited liability companies that are taxed as partnerships.
The new rules were enacted by Congress in the Bipartisan Budget Act of 2015 (“BBA”) and are sometimes referred to as the BBA audit rules.
Legal Alert: New Audit Rules (Part 2)
Issue: May 29, 2018
New Audit Rules: Part 2 – The Partnership Representative
The Bipartisan Budget Act of 2015 (“BBA”) provides that partnerships and LLCs taxed as partnerships must appoint a Partnership Representative (“PR”). The PR need not be a partner or a member and will have substantially broader powers than the old Tax Matters Partner in connection with partnership audits.
The new audit rules provide that the PR has almost complete authority to act on behalf of the partnership or LLC (and therefore, effectively, the partners and members) when dealing with the IRS, without any requirement that the PR keep the partners, the members or the managers advised as to anything, even the very existence of the ongoing audit.
Legal Alert: New Audit Rules (Part 3)
Issue: May 29, 2018
New Audit Rules: Part 3 – Who Pays the Tax?
This is the third of our articles dealing with the new audit rules established for partnerships for tax years beginning after December 31, 2017. This article deals with whether, after an audit resulting in the need for additional payment to the IRS, to (a) apply the default rule of taxing the partnership during the year of the audit (the “audit year”) so that the then-current members bear the tax burden, or (b) elect to “push out” the tax to those who were partners during the year being audited (the “review year”).
