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Summary of Proposed 2021 Federal Tax Law Changes

Burr Forman

President Biden has proposed major changes to the Federal tax laws, some of which are sought to be effective earlier in 2021 (i.e., The Biden administration proposals must first be approved by Congress. A separate proposal would first increase the top ordinary individual income tax rate to 39.6% (43.4%

Trade 59
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Biden Executive Order To Examine Non-Compete Agreements

Fraser

On July 9, 2021, President Biden issued an executive order aimed at “promoting competition in the American economy.” And nothing in the executive order legally prevents an employer from entering into a new agreement with an employee, provided no other law or regulation prohibits it. The Law of Employment Contracts.

Trade 86
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Corporate E-Note August 2021

Burr Forman

April Mason authored an article for QSR Magazine, published on July 21, 2021 on QSRmagazine.com, discussing franchising opportunities and challenges in the food service industry as we look forward to a post-pandemic world. Summary of Proposed 2021 Federal Tax Law Changes.

Lawyers 59
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Corporate Transparency Act Imposes Significant New Reporting Requirements on Businesses

Fraser

The CTA is intended to deter activity such as money laundering, financing terrorism, and tax fraud, among other things. It released an advance notice of proposed rulemaking on April 5, 2021. Department of the Treasury’s Financial Crimes Enforcement Network (“FINCEN”). What Businesses Does the CTA Apply to?