Does a Republican Sweep
Augur Federal Tax Reform?
Amongst many things, the Republican sweep in yesterday’s election improves prospects for the most significant tax reforms since 1986.
While we instinctually focus on possible changes to our personal tax burdens, business income taxation may offer the most opportunities for structural reforms. Structural changes may or may not reduce the amount of tax revenue. They are, at least in theory, policy driven to encourage business behavior consistent with greater economic growth. Continue reading.
Updated Relocation Guide
Florida is a beautiful place to visit, and Sarasota is an extraordinary place to live—not only for the richness of its culture, but also for its natural beauty and lifestyle.
Williams Parker’s roots run deep in Sarasota’s business, civic, and social landscape. Since our founding in 1925, we have helped new residents navigate legal issues in matters concerning real estate, estate planning, employment law, business succession, and tax planning.
Our recently updated Florida Relocation Guide is designed to be a practical and relevant resource for anyone new or considering a move to the area.
Firm Publishes Requisite VII -
The Private Foundation Edition
Williams Parker recently published its seventh edition of “Requisite,” the firm’s thought-leadership publication offering insights on legal issues. The current edition focuses on achieving philanthropic goals through private foundations and alternative vehicles, and includes an interview with Charles Barancik, philanthropist and founder of the Barancik Foundation. The publication also includes articles that delve into the duties and responsibilities of private foundation boards, compensation of directors, succession planning, legacy preservation, alternate giving structures, and ongoing operations. View the latest edition here.
Federal Judge Halts
Implementation of New DOL Overtime Rules
Just days before the U.S. Department of Labor’s new overtime regulations were set to go into effect, a Texas federal judge blocked the December 1, 2016 implementation of the regulations, issuing a temporary injunction with nationwide applicability. The regulations blocked by this order not only provided for a substantial increase in the salary threshold required for the “white collar” exemptions, but also provided for automatic increases in the salary threshold every three years. The judge stated that, in drafting these rules, the DOL exceeded its authority and ignored congressional intent. Read More >>