In 2015, Canada’s Gross Domestic Product in US Dollars was approximately $1.6 Trillion and the population of Canada was approximately 36 Million. With a shared border, a common language (in the west) and historically positive relations, Canada could represent a fertile trading ground for United States-based companies. While the country is contiguous and friendly, there are many factors which must be taken into consideration before launching a commercial endeavor with our fellow North Americans. What business structure should be employed? Companies must decide what business structure they will utilize to do business in Canada. The options of structures are varied …
Tax-exempt organizations: laudable goals, considerable regulation
If you have any questions or concerns regarding tax-exempt organizations in Ohio or elsewhere, we modestly suggest that you might reasonably want to contact the legal team at Coolidge Wall. As we note on the website of our Dayton law firm, “For more than 165 years, we’ve been providing legal services to corporations, non-profit and businesses of all sizes in Ohio and throughout the world.” In fact, our firm was established in 1853, which gives us an enviable starting point from which we have been assisting diverse business clients with wide-ranging needs. Tax-exempt entities in particular can have many discrete …
Wilberding Pens Article about National VA Archives Coming to Dayton
The January 24, 2017 Ideas & Voices section of the Dayton Daily News featured an article by Coolidge attorney Merle Wilberding about the National Veterans Affairs Archives being moved to the Dayton VA Medical Center. The project is expected to generate a $20 million investment and become an anchor for economic development in west Dayton.
USCIS Requires Employers to Use New I-9 Form Beginning January 22, 2017
In November 2016, the U.S. Citizenship and Immigration Services (USCIS) released a new Form I-9 for all employers to use when hiring new employees. Starting January 22, 2017, all employers must use this new Form I-9, which has been referenced as a “smart” form because it can be filled out online and includes drop-down menus, hover text with instructions, and error messages. Failure to use the new Form I-9 beginning January 22, 2017, may result in civil fines. The new changes are specifically designed to help employers reduce technical errors. Some of the changes include: Additional spaces to enter multiple …
Mergers, acquisitions: proven counsel can promote positive results
One thing that is centrally true of any successful company in Ohio, nationally or internationally is that it is not static. That is, its business operations are overseen by principals who understand that purposeful change — well-considered and carefully prepared adjustment — is often a necessary component for sustained excellence and enduring profitability. Winning businesses are dynamic, inquisitive, exploratory and always on the lookout for continued company development. That “eye on growth” mentality often results in business owners and ranking officers proactively searching for new ways in which to expand and prosper. One such strategy focuses upon purchasing another company …
Sam Warwar is Panelist at Event Hosted by The Partnership for Philanthropic Planning (PPP)
On March 3, 2017, The Greater Dayton Partnership for Philanthropic Planning Council will present “4 Perspectives on the First 40 Days of the New Presidency,” with a discussion by four local experts, including our own Sam Warwar. The panel will address a variety of topics (taxes, philanthropy, investing and business) as related to a new Presidential administration. The panelists’ specialties include law, finance, taxes and philanthropy. The four panelists are: Sam Warwar, Attorney, Coolidge Wall Co., L.P.A. Tom Mangan, Sr. VP, and Portfolio Mgr. James Investment Research Lynn Burns, CPA, JD, CFP. Owner, Burns Tax Consulting, LLC Mike Parks, President, …
Workforce issues: many and challenging for any business
A well-trained, diverse and employer-committed workforce is at the top of any list of variables that define and centrally contribute to business success. A company in Ohio or anywhere else with exemplary employees is already halfway home when it comes to a prospering bottom line. Notwithstanding that, though, it is a flat business reality that employee-related matters can be challenging. As we stress on our business law website at the historically long-tenured and proven commercial law firm of Coolidge Wall in Dayton, “managing personnel issues … can be a difficult and delicate task.” That is precisely what we help employers …
Coolidge Wall Shares Its Holiday Spirit
Each year, the employees of Coolidge Wall join together to share their holiday spirit by giving to needy families in our community. Contributions are raised through the firm’s “Casual Day” program, where employees pay a nominal fee to dress casually one day per month. Those contributions are then used to purchase food for Thanksgiving and Christmas, as well as Christmas gifts for each family. The families we assist are always delighted to be the beneficiaries of the firm’s generosity.
The 21st Century Cures Act Allows Small Employer Standalone HRAs
On December 13, 2016, President Obama signed the 21st Century Cures Act. Title XVIII of the Act overturns a portion of ACA regulations (IRS Notice 2013-54) that prohibits employers from offering employees standalone health reimbursement arrangements (i.e., HRAs that are not integrated with a group health plan). This change will allow eligible small employers the opportunity to contribute money to HRA accounts of their employees that can be used to pay health insurance premiums as well as deductibles, copayments, and other out-of-pocket medical expenses. The prohibition on standalone HRAs is lifted somewhat, but only as to small employers who employ …
Tax considerations for an Ohio business: running the gamut
Businesses in Ohio and throughout the country vary significantly, of course, with the goods and services they offer consumers being richly distinct. Given that reality, shared uniformity among businesses, although seen to some extent, seldom exists in any broad-based way. If one company is a grocery retailer and another an auto-parts distributor, for example, their respective business plans will obviously differ in material respects. At least in one sense, though, all enterprises share a common bond, regardless of their business pursuits, and that is this: a close and unremitting tax-related focus. We reference that truth on the business and commercial …