Monthly Archive for: ‘June, 2016’

Thinking of Organizing a Business?

The Consolidated Appropriations Act, 2016, Pub. Law 114-113, extended, indefinitely, the 100% exclusion from tax of the proceeds from the sale of qualified small business stock, Int. Rev. Code §1202.      Briefly, a taxpayer, other than a corporation, can exclude, from federal income tax, 100% of the gain from the sale or exchange of stock which is held for more …

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Department Of Labor Issues Rule Altering Exemption From Overtime

            The Department of Labor (“DOL”) has issued a final rule effective December 1, 2016 raising the minimum salary level of exempt employees classified as executive, administrative and professional (“white collar”) from $23,660 per year to $47,476 or $455 a week to $913 per week, and the minimum salary for “highly compensated” employees who are exempt from the overtime requirement …

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Vaccine Injury Compensation program Serves Manufacturers And The Public

The National Childhood Vaccination Injury Act of 1986 (NCVIA), as amended, created the Vaccine Injury Compensation Program (VICP). Congress created the VICP primarily to protect our nation’s vaccine supply. In the 1980’s, public attention was focused on the allegation that vaccines were causing injuries to children. Many parents sued vaccine manufacturers for alleged injuries. The few vaccine manufacturers in existence …

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