Bousquet Holstein PLLC is pleased to announce that Kavitha Janardhan has been chosen to receive a 2021 CNY Business Journal 40 Under Forty Award. “I am extremely honored and humbled to receive a 40 Under Forty award. I’ve built a practice in representing individuals who have been wrongfully terminated, discriminated against, and harassed in the Read More »
Bousquet Holstein PLLC is pleased to announce that Attorney Jana K. McDonald has been elected by its members to serve on the firm’s Board of Managers. Jana is a member of the firm’s Real Estate Practice Group. She represents property owners on a wide range of land use matters, including litigation of property rights and Read More »
The Obama Administration has provided welcome transition relief to mid-sized employers (those with 50 or more full-time employees and full-time equivalent employees ("FTEs") but less than 100 full-time employees, including FTEs, ("Mid-Sized Employers") by delaying the effective date of the "Employer Mandate" required under the Affordable Care Act. Generally, the Employer Mandate requires that most Read More »
The Federal Reserve's Alternative Reference Rates Committee recently recommended the Secured Overnight Financing Rate (SOFR) as an alternative for the London interbank offered rate (LIBOR). LIBOR is the index rate frequently used in tax-exempt bonds, commercial loans and mortgages and interest rate swaps and other derivatives to establish the interest rates payable by borrowers and Read More »
This alert is the third part of the Bousquet Holstein OZ Series that highlights topics in the Opportunity Zones final regulations published in the Federal Register on January 13, 2020. Under the Opportunity Zones program, a taxpayer who has held a qualifying investment in a Qualified Opportunity Fund for at least 10 years may elect Read More »
Following New York's enactment of temporary COVID-19 emergency paid sick leave benefits in March, New York enacted permanent paid sick leave legislation on April 3, 2020. Governor Cuomo signed the State Budget (Senate Bill S7506B) into law, which includes a provision that amends the New York Labor Law to require employers to provide paid sick Read More »
The IRS released Notice 2022-61, Prevailing Wage and Apprenticeship Initial Guidance Under Section 45(b)(6)(B)(ii) and Other Substantially Similar Provisions last week. Under the Inflation Reduction Act of 2022 (the "Act"), one of the ways that certain tax credits for clean energy can be increased, including increasing the Energy Credit from 6% to 30%, is if Read More »
Bousquet Holstein PLLC is pleased to announce that Cameron T. Bernard has joined the firm as an Associate Attorney and will focus his practice in Employee Benefits, Qualified Domestic Relations Orders (QDROs), Tax Law, and Business Transactions. Cameron served as a Law Student Associate at Bousquet Holstein in 2014. Cameron is a 2015 cum laude graduate of Syracuse University College of Read More »
The Internal Revenue Service published the final public approval regulation in the Federal Register on December 31, 2018. The regulation will apply to bonds issued pursuant to a public approval occurring on or after April 1, 2019. The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) added to the Internal Revenue Code a public Read More »
The Board of Governors of the Federal Reserve System (Board); Consumer Financial Protection Bureau (CFPB); Federal Deposit Insurance Corporation (FDIC); National Credit Union Administration (NCUA); and Office of the Comptroller of the Currency (OCC) have requested public comment on proposed guidance that outlines examples of policies and procedures for risk-based reconsiderations of value (ROVs) for Read More »