New Partnership Representative Rules May Increase Audit Activity

IRS Logo

With a new year comes new tax rules that have significant impacts on your operating agreements and LLCs.  If you haven’t updated your operating agreement for some time or if you are entering or exiting an LLC, the Bipartisan Budget Act of 2015 (the “BBA”) has significant impact for the former “tax matter partner” provisions.  These BBA provisions took effect January 1, 2018 and repeal the TEFRA and ELP procedures and applies to all partnerships that file a Form 1065 return.  In implementing these rules, IRS hopes to increase audit activity and make it easier to assess deficiencies for unpaid taxes to your partnerships.  It is critical to understand the new rules in order to better protect yourself and your partnership in future audit.

New Overtime Rules Are Here: What Your Business Needs to Know

New Overtime Rules Are Here:  What Your Business Needs to Know The Department of Labor issued its final ruling on overtime rules for white collar workers, which will become effective December 1, 2016. Employers need to prepare for changes to overtime pay for millions of employees. Join Strauss Troy, Munninghoff, Lange & Co. CPAs, VNAS …Read More

Department of Labor Releases Final Rule on Overtime

On May 17, the Department of Labor released the Final Rule regarding eligibility for exemption from overtime pay. This new rule becomes effective December 1, 2016, and it is expected to have the effect of creating over four million new non-exempt employees. This rule changes the threshold for wages for exempt administrative employees from $23,660 …Read More

Defamation Opinion or Fact: How You Say It Can Be Just As Important As What You Say

But how you say something can be just as important as what you say.

Ohio’s defamation law recognizes that context, and circumstances in which you say something, matters.

Strauss Troy Welcomes Attorney Chris Groeschen To Its Real Estate, Corporate | Business and Litigation Practice Groups.

Strauss Troy Attorney Christopher Groeschen

Christopher Groeschen is the newest member of Strauss Troy’s Real Estate, Corporate | Business and Litigation Practice Groups. Chris has been serving as a clerk for the firm and was just sworn in to the Ohio State Bar Association.

If The Shoe Fits… Own It. OSU And Horseshoe Casino Battle It Out Over Trademark For “The Shoe”

OSU seeks trademark protection for the Horseshoe nicknamed "The Shoe"

The university has dropped the other shoe against Caesar’s Entertainment, which owns the Horseshoe Casino in Cincinnati, Ohio. Caesar’s filed a trademark registration for “The Shoe,” as the name of its Cincinnati casino concert venue. OSU seeks to block Caesars’ application, saying the two are direct competitors because both hold concerts at their venues.

Strauss Troy Named A 2016 Best Law Firm By U.S. News – Best Lawyers® Real Estate Attorney Marty Butler Recognized As 2016 Lawyer-of-the-Year

Strauss Troy Named 2016 Best Law Firm & Attorney Marty Butler Named A 2016 Lawyer-of-the-Year

Strauss Troy Co., LPA, (Strauss Troy) has been named to the 2016 “Best Law Firms” in America rankings by U.S. News & World Report and Best Lawyers. Additionally, nationally-known Real Estate Attorney Martin C. Butler was named Lawyer-of-the-Year® by Best Lawyers® for 2016.

DOL Audits Can Expose Illegal Cost Shifting in Employee Benefit Plans

Deparment of Labor Auditing Employee Life Insurancfe Plans

Your employee benefit plan might be hiding a problem. The payments made by your employees for optional insurance benefits might – without your knowledge – be used to subsidize or reduce your cost for other insurance benefits. If this problem is found during an audit by the Department of Labor (“DOL”), monetary penalties could be significant.

Ten Strauss Troy Attorneys Recognized As
2016 Best Lawyers In America®

Ten Strauss Troy attorneys have been honored as 2015 Best Lawyers by Best Lawyers®.

Strauss Troy Attorney Corey Hamilton To Present Copyright Issues To UC DAAP Students

Strauss Troy Attorney Corey Hamilton, Copyright Law, UC DAAP

Strauss Troy Attorney Corey Hamilton will present copyright and trademark issues in today’s digital environment to students in the University of Cincinnati’s Design, Architecture, Art and Planning (DAAP) program on April 1 as part of its “Spring 2015 Professional Practices for Fine Artists” course.

Attorney Christopher McDowell Joins Strauss Troy Firm Expands Criminal and Commercial Litigation Expertise

Strauss Troy Attorney Chris McDowell

Strauss Troy announces that Attorney Chris McDowell has joined the firm.

How To Reduce Your Risk Of Wage, Hour And Overtime Investigations Or Lawsuits

As businesses wrap-up the year and celebrate the holidays, owners may not be thinking too much about 2015. But, there’s a Grinch lurking that may try to steal your joy and put a kink in your works. Government investigations and employee lawsuits are on the rise for wage and hour violations. Small and mid-sized businesses …Read More

Three Strauss Troy Attorneys To Present At National Business Institute Seminars December 8th

Three Strauss Troy Attorneys will present at upcoming National Business Institute (NBI) seminars.

Strauss Troy Honored Our Region’s Fastest Growing Companies At 2014 Emerging 30 Awards

Strauss Troy President Marshall Dosker To Co-Present 2015 Emerging 30 Awards

Strauss Troy honored our region’s fastest growing companies as title sponsor of the 2014 Northern Kentucky Chamber of Commerce Emerging 30 awards ceremony held at the METS Center on October 23.

Attorneys Corey Hamilton and Theresa Nelson Join Strauss Troy Firm Expands With Additional Expertise In Business & Litigation

Strauss Troy Attorney Corey Hamilton, Copyright Law, UC DAAP

Strauss Troy announces that attorneys Corey Hamilton and Theresa Nelson have joined the firm.

Celebrate Our Region’s Fastest Growing Companies With Strauss Troy At The 2014 Emerging 30 Awards

Strauss Troy is committed to the growth and success of businesses in our community. As title sponsor of the Northern Kentucky Chamber of Commerce’s annual Emerging 30 awards, Strauss Troy is proud to honor our region’s fastest growing companies. Join us for a celebration of these top 30 local businesses at an awards ceremony, which will be held on Thursday, October 23 from 5:00 to 7:00 p.m. at the METS Center.

IRS Modifies Cafeteria Plan Rules Important Changes For Employers & Employees

The IRS has issued a new Notice that may help employees who would benefit by being covered for health insurance under an exchange rather than under their employer’s group health plan. Enrollment in an exchange plan is not available to those covered under an employer plan.

Super Hero Copyrights – It’s Complicated Marvel Comics And Kirby Settlement Leaves Questions For Freelancers

According to Alison Frankel reporting for Reuters, there were at least two reasons why U.S. Supreme Court watchers were paying attention to a petition for review by Jack Kirby’s heirs. The first is obvious: Kirby was a legendary comic-book artist and writer who had a big role in the creation of the X-Men, Thor, the Hulk and the Fantastic Four – enduring characters that continue to generate big returns for Marvel Entertainment and its parent, the Walt Disney Company.