The Trump administration is considering a change to the way taxpayers calculate capital gains that could result a major tax cut for investors. Specifically, the idea is to change the way that taxpayers calculate capital gains income by including the impact of inflation on the overall price. That is, tax payers will be able to exclude income from inflation from taxable gains on the sale of the capital asset; resulting in significant reduction in the overall tax liability for many investors.
Wegner Law PLLC acted as lead counsel in a $4 million private placement for a client in central Florida. The agricultural startup is looking to bring innovative products to growers and others in the burdening cannibals industry.
P. Christopher Wegner did everything from draft the company’s operating agreement and other corporate documents to negotiating complex convertible notes with sophisticated investors from Texas and Colorado.
The client has now retained Wegner to be the company’s general counsel as it looks to break into this fast paced but promising field.
If you are trying to raise money or break into agriculture, or cannabis, call P. Christopher Wegner today at 239.449.9200 or visit wegnerlawfirm.com for more information.
Wegner Law PLLC has entered into an affiliation agreement with St. James Square Law Firm in New Castle, England, to provide even more services for demanding international business clients. St. James Square Law Firm specializes in dispute resolution, corporate reorganization, sports law and real estate law throughout Europe and opens up new opportunities for Wegner Law PLLC clients doing business throughout the European Union or the United Kingdom.
In addition to providing general business and tax law advice to St. James Square Law Firm clients seeking to do business in the United States, Wegner Law PLLC will provide sophisticated tax law advice to European golfers and soccer players and clubs moving to or doing business in the US. This new relationship not only opens the door to greater opportunities for Wegner clients but is yet another example of the firm’s stellar reputation in the areas of business and tax law.
If you would like to take advantage of our new affiliation or are interested in learning more about the law firm helping businesses grow, contact P. Christopher Wegner, at 239.449.9200, firstname.lastname@example.org or visit wegnerlawfirm.com to learn more.
A recent Supreme Court opinion is likely to embolden states to test the limits of their taxing authority by limiting the ways taxpayers can challenge the taxes in court. In Franchise Tax Board of California v. Hyatt, Justice Thomas, writing for the Court, held that states have an inherent sovereign immunity protecting them from law suits in other states. Therefore, according to Thomas, plaintiffs can only sue states in other states if the potential defendant state itself decides to waive the immunity.
While, on the surface, this may not seem likely to impact state tax laws, it is expected that the change will permit states to push the limits of what states have historically been allowed to do. Therefore, it is easy to see how states could use this new precedent to increase the scope and number of enforcement actions against people in other jurisdictions that may owe taxes to the state.
Nobody knows for certain what the long term impact of Hyatt will be but it is definitely something businesses should consider; especially as the new rules for the collection of interstate sales tax begin to emerge from the various states.
If you have any questions or concerns about this topic or any legal or tax matter, contact P. Christopher Wegner at 239.449.9200 or email@example.com. You can also visit www.wegnerlawfirm.com any time of day to learn about the law firm is helping businesses grow.
We would like to take this opportunity to thank all of the small businesses in the area that trust us for their business and tax law needs.
Ninety-nine point nine percent (99.9%) of all businesses in the United States are small businesses and we are here to serve everyone of them. We only serve businesses and most of our practice is small to mid-sized businesses like yours that need top notch legal advice at reasonable prices.
If you need an attorney to help your small business with formation, capital raising or day to day legal, give us a call. Our initial consultation is free but our advise is invaluable.
Wegner Law PLLC and ABN-Law PLLC enter into an affiliation agreement to offer more valuable legal services to clients. For Wegner Law PLLC, this means the firm’s business clients will have access to a full range of litigation and real estate services from the trail blazing attorneys at ABN-Law PLLC.
By entering into this arrangement, Wegner Law PLLC marshals the attorneys and experience to truly provide full service legal advice to small and mid-sized businesses in the Southwest Florida area.
Visit the Wegner Law PLLC website in the near future to learn more about this exciting new partnership of the most business minded law firms in Collier and Lee County.
The IRS has released the long hoped for final regulations for the deduction under Section 199A. While most of the regulations were pretty much as expected, there are some surprises allowing taxpayers more freedom in how they calculate their maximum deduction under the Code.
However, not all of the news is good news and the broad anti abuse rules threaten to sweep up well meaning tax payers and deprive them of their full deduction for missing arbitrary deadlines. Even if you are not the type to engage in tax planning to lower your taxes, the new rules are poised to punish taxpayers who do not do minimal planning by sharply increasing their taxes.
As always, call or email P. Christopher Wegner at 239.499.9200 or firstname.lastname@example.org today for a free consultation as to how Section 199A will impact you.
Wegner Law PLLC was the lead attorney for an entertainment company in Orlando, Florida, that raised $750,000 through a sale of equity and debt. The client contacted P. Christopher Wegner after splitting with their original attorney who failed to provide timely and comprehensive services. In less than two weeks, Chris worked with the client to draft a whole new set of key documents make sure the startup was ready for their time in the spotlight.
Wegner Law PLLC helped a small agricultural start up raise $1.8 million in a successful offering that closed in early January. The company provides essential products to growers in the hemp and legal marijuana businesses.
P. Christopher Wegner was lead attorney and advised the client at every step of the process. Mr. Wegner negotiated and drafted all of the documents and agreements necessary to close the deal.
To learn more about how Wegner Law PLLC can help you, call us at 239.449.9200 or email us at email@example.com.
As the government shutdown enters its third week, agencies are scrambling to determine what the shutdown means to them. For the Internal Revenue Service (“IRS”), there was never any question that they would continue to collect taxes regardless of what happened.
Initially the concern was whether the agency could process refunds during the Washington D.C. imposed hiatus. However, the White House issued guidance on Monday that will permit the executive agency to process and mail tax refunds while the government is closed.