Recently, the Internal Revenue Service released final regulations under Section 199A, a section in the Internal Revenue Code introduced with the 2017 Tax Act. These regulations provide a deduction to a non-corporate taxpayer for up… Read more
Good News for Skilled Nursing Communities from the Virginia General Assembly
Nursing Home Truth in Advertising Passes Virginia General Assembly All adult care communities in Virginia should thank their representatives in the Virginia General Assembly for passing the Nursing Home Truth in Advertising legislation on March… Read more
Dangers of Arbitration: Decisions Stand Even if Contrary to Law
As recently demonstrated in Uretek, ICR Midatlantic, Inc. v. Adams Robinson Enterprises, Inc. et al., arbitration decisions can be enforceable, even if they are contrary to law and against the parties’ agreement. The Arbitration Though… Read more
Legislation of Interest to the Financial Services Industry in the 2019 Virginia General Assembly
Among the bills considered by the Virginia legislature this year were a number affecting financial services. The 2019 Virginia General Assembly concluded its “short” 47-day session on February 24, 2019. Here is a look at the more… Read more
Importance of Narrowly Tailoring Indemnity Provisions in Construction Contracts
Recent caselaw underscores the importance of narrowly tailoring indemnity provisions in construction contracts so they do not run afoul of Virginia Code §11-4.1. That section generally provides that an indemnity provision in a construction contract… Read more
Save Taxes While Helping Preserve History: Historic Rehabilitation Tax Credit Programs
What are Historic Rehabilitation Tax Credits? The Historic Tax Credit (HTC) programs (federal and Virginia) are designed to promote the public policy that the preservation of historic community assets is an important part of protecting… Read more
Using Opportunity Zones to Revitalize Areas Throughout Virginia
Using Opportunity Zones One of the more innovative provisions in the 2017 Tax Cuts and Jobs Act (TCJA) provided for the creation of Opportunity Zones. Using the Internal Revenue Code to drive policy or incentivize… Read more
Breaking News: DOL Proposes Exempt Salary Threshold of $35,000/yr
New DOL Exempt Salary Threshold: $35,000/yr Only Nine Months to Get Ready! Responsibility is on Employer! Are you paying your salaried exempt employees $35,000/year yet? That is what the Department of Labor (DOL) released as… Read more
Teaming Agreement Created No Enforceable Post-Award Obligations
Recent case law underscores the risk that courts will deem teaming agreements unenforceable with respect to post-award obligations. Teaming Agreements A teaming agreement is an arrangement where two contractors join forces to bid on a… Read more
It’s That Time of Year! HIPAA Breach Reporting Deadline is March 1.
Breach Notification Rule The HIPAA Breach Notification Rule requires healthcare providers and certain health plans to notify the U.S. Department of Health and Human Services (HHS), Office for Civil Rights (OCR), of breaches of unsecured… Read more