By Steven J. Oshins, Esq., AEP (Distinguished) One of the most anticipated tax cases in some time has begun its way through the courts. On January 26, 2023, the Washington Supreme Court heard arguments in Chris Quinn v. State of Washington which is a case examining the constitutionality of the Washington State 7% capital gains tax. The Washington capital gains tax was passed by the Democrats and signed into law in 2021. There’s a $250,000 exemption for individuals and married couples, so only the capital gains in excess of $250,000 are subject to the tax. Capital gains taxes would not…
Paid Time Off vs. Paid Sick and Vacation Leave: Which is Better for Your Practice?
By Kristina Schneider, Practice Success Coach Add this to the list of items that law school doesn’t teach budding lawyers about when it comes to setting up their own practice. What kind of benefits should you offer employees, particularly with respect to paid time off? In recent years, many employers have moved more to a model of straight paid time off hours (otherwise known as “PTO”). This would be a specific number of hours off per year given to employees, sometimes varied depending on full-time or part-time status and many times tiered depending on tenure at the firm. One attorney…
The 10 Biggest Mistakes Estate Planning Attorneys Make – – Running Their Business!
By Philip J. Kavesh, J.D., LL.M. (Taxation), CFP®, ChFC, California State Bar Certified Specialist in Estate Planning, Trust & Probate Law Over the past 40+ years, I have been blessed with a successful and fulfilling estate planning law practice. But, it was not always successful and it was not always fulfilling. It was through my own set of expensive, costly and stressful sets of trial and error that I was able to see what worked and what does not. Based on my real-world experience, I have compiled what I believe to be the 10 most common mistakes that I’ve seen most…