Starting January 1, 2024, most small privately held businesses will be required, pursuant to the Corporate Transparency Act (“CTA”), to report information to the federal government about their owners and individuals that exercise control over the…
Welcome news was delivered by the Internal Revenue Service last Friday afternoon, under IRS Notice 2023-62. The IRS has extended the January 1, 2024 deadline for employer-sponsored retirement plans to implement Section 603 of SECURE 2.0 (“Section…
On August 9, 2023, the Internal Revenue Service (the “IRS”) issued a cautionary statement to business owners, plan sponsors, individual taxpayers, advisors, and attorneys concerning a range of compliance issues associated with employee stock…
Krieg DeVault is pleased to announce that 16 attorneys have been recognized for inclusion in various 2024 Best Lawyers® Listings. Best Lawyers is the oldest peer-review publication in the legal profession. A listing in Best Lawyers is widely…
On June 29, 2023, the U.S. Supreme Court clarified the “undue hardship” standard that allows employers to reject some employees’ requests for a religious accommodation under Title VII of the Civil Rights Act of 1964 (“Title VII”). With the Court’s…
The Centers for Medicare and Medicaid Services (“CMS”) recently suspended a key procedure for resolving payment disputes between out-of-network providers and health facilities against insurers under the No Surprises Act. The procedure is the…
Krieg DeVault LLP is pleased to announce that long-time attorney Frank A. Hoffman has joined the Firm’s Public Finance and Municipal Law Practice as Of Counsel of Economic Development & Public Welfare Investment. Hoffman, who was previously with…
Pay transparency mandates—requiring companies to publicize employee salary information—may arrive soon in many states and municipalities. Viewed as a first step toward pay equity, the salary transparency movement is gaining traction throughout the…
The Consumer Financial Protection Bureau (“CFPB”) recently responded to a high volume of complaints regarding automated workplace surveillance technology. In its response, the CFPB indicated an intent to apply the protections of the Fair Credit…
No one wants an unwelcomed surprise of discovering that the subchapter S election or qualified subchapter S subsidiary (QSub) election made on behalf of your corporation either inadvertently failed at the time of filing or was later inadvertently…
Ideally, sellers of a business will never have to worry about covering a financing shortfall to get their deal closed. However, with the increase in interest rates over the last few years, structural issues with requirements of the primary lending…
Mergers & Acquisitions Partners Robert A. Greising and Amy L. VonDielingen discuss a continuation of our 2023 Deal Landscape focusing on Sellers, Financing and Earnouts.
