THIENEL LAW BLOG
What Is the Difference Between a LLP & an LP?
Choosing the right business entity is an important phase in business formation. Each type of business entity has certain advantages and disadvantages for the partners, including personal liability protection.
What Do Tax Attorneys Do?
Imagine receiving a notice from the Internal Revenue Service (IRS) about a tax audit or finding out that you owe a significant amount in back taxes. Navigating the complex world of tax laws and regulations can be overwhelming, but there’s one professional who can help you through these challenges: a tax attorney.
Decoding Maryland Inheritance Law: Your Comprehensive Guide to Understanding How Inheritance Works in the State
When a person dies in Maryland, their property becomes subject to Maryland inheritance law. Understanding Maryland inheritance law and how it impacts property distribution is essential to ensure your wishes are fulfilled after your death.
How to Plan For and Minimize the Self-Employment Tax
Are you self-employed? Being self-employed has many benefits. You can set your own hours and decide what jobs you take. However, you cannot escape paying federal income taxes. Our Maryland tax attorney discusses self-employment tax in this article, including ways to prepare for and minimize self-employment tax.
The Impact of Federal Withholding Tax on Small Businesses: What You Need to Know
As a small business owner, understanding the impact of federal withholding tax on small businesses is crucial. Not only does it affect your employees’ paychecks, but it can also have significant implications on your business’s financial health and compliance with tax laws.
Are Venmo Payments Taxable? A Comprehensive Guide for Businesses
As person-to-person (P2P) payment apps, such as Venmo, become increasingly popular among businesses, it is essential to understand their tax implications.
Do you know how personal versus business transactions on these apps can be taxed differently?
What Is an Arbitration Agreement for Employment?
Navigate the complexities of arbitration agreements in employment with clarity. Protect your rights and understand your options with our expert guidance.
Your 2024 Guide to Resolving IRS Disputes: Navigating the Complex Journey from Audit to Appeal
The Internal Revenue Service (IRS) conducts roughly a million tax audits each year for the federal government. The purpose of an IRS audit is to review and examine an individual’s or organization’s financial information and accounts. The IRS wants to determine if the information reported on a federal tax return is accurate and complies with tax laws.
How to Close a Business: A Step-by-Step Guide to Dissolving Your Company and Tying Up Loose Ends
You’ve made the difficult decision to close your business. Depending on the company, winding down a business can take several weeks or months. If you have a plan and a checklist for closing a business, it can make the process easier. Our Maryland business lawyer explains how to dissolve a business in Maryland in ten steps.
Understanding the Impact of the Job Applicant Fairness Act on Your Maryland Business
The Job Applicant Fairness Act restricts the use of credit reports by employers in making employment decisions. The law applies to current employees and job applicants. However, several exceptions under the law allow employers to use credit histories for employees and job applicants in specific circumstances.
Creating a Trust in Maryland: Your Comprehensive Guide to Protecting Your Assets and Securing Your Legacy
Tidying up financial affairs and documenting one's final wishes are essential tasks that everyone should take care of sooner rather than later. Increasingly, estate attorneys are meeting with clients seeking to control their legacies by creating a trust in Maryland and using advanced estate planning tools.
42 Common Types of Business Contracts: Your Comprehensive Guide to Navigating the Complex World of Legal Agreements
Navigating the world of business contracts can be a daunting task. With a myriad of different types of agreements, each with its own unique terms and conditions, it's easy to feel overwhelmed. Whether you're a seasoned business owner or just starting out, understanding the ins and outs of these contracts is crucial to protect your interests and ensure smooth business operations.
Untangling the Remote Work Tax Dilemma: Navigating Tax Obligations for the Modern Remote Worker
The rise of remote work has brought with it a complex web of tax obligations and tax rules. As a remote worker, you may face uncertainty about your income tax responsibilities, especially if you're working across state lines or even internationally.
From Idea to Operation: Your Essential Guide to Opening a Business in Maryland
Maryland business owners need to know much more than how to serve their clients and customers. They need to know how to open and operate a business that complies with federal and state regulations and laws. Maryland Business Express can help. Our Maryland business lawyer explains MD Business Express and how to open a Maryland business.
2023 Tax Changes: Essential Updates That Could Impact Your Wallet
The Internal Revenue Service (IRS) has announced new tax laws and changes for 2023 that could have a significant impact on your wallet. It's crucial to stay informed and prepared, especially when it comes to filing tax returns for the 2023 tax year. Keep reading for a breakdown of the key updates you need to know.
Supplemental Security Income: COLA 2023 Update
Stay up to date with the latest information on Supplemental Security Income (SSI) and the COLA 2023 update. Our detailed blog post breaks down the changes, eligibility criteria, and ensures you receive the benefits you deserve.
Don't Underestimate the Taxes When Selling Your Business
When selling your business, taxes should not be underestimated. Our informative blog post provides expert advice and practical tips to ensure you navigate the tax implications successfully, maximizing your profits.
Navigating the Gray Area: Legal Implications of ChatGPT Use in Business
Explore the legal implications of using ChatGPT in business and gain valuable insights to navigate the gray area effectively. Our comprehensive guide provides the necessary information to make informed decisions.
What Does Silicon Valley Bank's Collapse Mean For Business?
Discover the aftermath of Silicon Valley Bank's collapse and its implications for businesses. Gain valuable insights to stay ahead and make informed decisions in our thought-provoking blog post.
Single Member LLCs in Maryland: A Comprehensive Guide to Understanding the Benefits and Navigating the Legal Requirements
In this guide, our Maryland business lawyer covers the benefits of setting up a Maryland LLC while explaining the legal requirements under Maryland law you must meet to maintain the benefits of being a Limited Liability Company.