The Texas Construction Trust Fund Act: What You Need to Know
Anyone who has ever been involved in a construction job—be it commercial or residential—is familiar with complex payment process of partial, periodic payments and the downstream flow of money from general contractors to subcontractors or others who performed the work. Quite frequently, the money received upstream does not make it downstream. Instead, the money is […]
Can You Survive 10 Years…. and One Day?
Clients often ask about alimony and why Texas does not allow for alimony. The truth is Texas law does allow for the same-type support, but the support is called “spousal support” or “spousal maintenance.” Because spousal support is a statutory remedy, the court may only award the same if the statutory requirements are met. To […]
New OSHA Recommendations for Employers Regarding Vaccinations
OSHA has taken its COVID-19 guidance a significant step further by recommending employers require their employees to vaccinate against COVID-19. As of August 13, 2021, OSHA has included these new recommendations for employers to protect workers and prevent the spread of COVID-19 in the workplace. OSHA’s revised recommendations to employers include the following: The full […]
Child Tax Credit
On March 11, 2021, President Biden signed the American Rescue Plan of 2021 into law. The American Rescue Plan provides financial relief to eligible families during the final phase of the COVID-19 pandemic through the expanded Child Tax Credit. The Credit is a refundable tax credit, up to $3,600 per child, that is expected to […]
Five Tips on How to be a Successful Residential Landlord
Many investors are turning to residential properties as a means of additional income. While this business can be very lucrative, understanding the potential pitfalls is extremely important. Being diligent and knowledgeable is always to your advantage.
ESTATE PLANNING for YOUNG ADULTS
Your child’s Senior Year in high school is the end of one era and the launching pad into a whole new life. Prom, college applications, enlisting in the military, and eighteenth birthdays are just a few of the rights of passage. Even though we as parents do not want to face it, our child’s eighteenth […]
WEBINAR, MAY 20th: INS & OUTS of BUSINESS CONTRACTS AND AGREEMENTS
Understanding contracts and agreements is crucial to running a lasting business. Join us on May 20th, 2021 for a live webinar presented by our own James Rosenblatt as he discusses what makes a legally binding contract, how to document your business relationships, and the essential elements of a contract. Date And Time Thursday, May 20th, […]
RESTAURANT REVITALIZATION FUND ADDRESSED IN ARPA
Under Section 5003 of the ARPA, certain food service businesses are eligible to apply and receive a tax-free federal Restaurant Revitalization Fund grant (“RRF Grant”). While the amount of the grant provided to the eligible entity depends on the “pandemic-related revenue loss of eligible entity,” the amount cannot exceed $10 million and is limited to […]
ARPA AND EMPLOYEE RETENTION CREDIT
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021 (“ARPA”) extending and expanding the employee retention credit (“ERC”), originally implemented as part of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and extended by the Consolidated Appropriations Act of 2021 (“CAA”). The ERC is a refundable credit applied […]
UPDATED EIDL ADVANCE
The Targeted EIDL Advance was created under the December 2020 Consolidated Appropriations Act to provide support businesses most heavily impacted by the COVID-19 pandemic. The Advance is limited to: small businesses in low-income communities that suffered a substantial economic loss; defined as 30% or more, due to the pandemic; may not have received advance funds previously; […]
