Blog & Announcements
Outsmart the $250,000 FDIC Limit with an ICS Account
By: Serge Filatov, Esq. In light of the recent regional bank collapses, including most recently the collapse of First Republic Bank, ensuring financial security of funds held at a financial institution is crucial for businesses. Many businesses are wondering what...
More Filing Extensions for Storm Victims
By: Caroline Chen, Esq. Disasters = Deadline Deferrals If you have filing requirements in Illinois, Florida, New York or California, pay attention to these updates on deadline extensions due to disaster: Illinois - Victims of the July 25 and 28, 2022 Illinois severe...
2023 Mileage Reimbursement Rates
By: Tamara B. Pow, Esq. The IRS has announced the standard mileage reimbursement rates for 2023. As of January 1, 2023, the mileage rates are: 5 cents per mile for business miles driven (this rate is up 3 cents from the mid-year increase in 2022) 22 cents per mile for...
California and the IRS Announce Filing Extensions for Storm Victims
By: Caroline Chen, Esq. Rain, rain go away Don’t come again until a time far away Rain, rain go away Will there be a tax filing delay? Good news is the answer is yes! We knew rain was good for the drought but did you also know it was good for getting an automatic...
Tamara Pow, guest speaker on the Lawyer Business Advantage Podcast
Tamara was a guest on the Lawyer Business Advantage Podcast with Alay Yajnik where they discussed law firm partnerships and partnership agreements. https://www.lawfirmsuccessgroup.com/partnership-agreements-with-tamara-pow/
New Commercial Loan Disclosures Laws Go Into Effect December 2022 – Are You Prepared?
By: Jack Easterbrook, Esq. Introduction New regulations affecting commercial credit of less than $500,000 have been rolled out and will become effective in December 2022! The question is, do you need to pay attention to them? If you are in the business of making...
Sheen v. Wells Fargo Bank, N.A – Lender Beware!
By: Jack Easterbrook, Esq. Introduction A loan by a bank that was well intended when made experiences payment defaults. Our story often begins here! The borrower (Sheen) understandably requests the loan be modified, a classic strategy in any workout situation. And...
Strategy Law, LLP attorneys named to the Northern California 2022 Super Lawyers List
Strategy Law is pleased to announce that all three partners, have been named to the Northern California 2022 Super Lawyers List. The Super Lawyers list recognizes no more than 5% of attorneys in each state to receive this honor. Tamara Pow, Managing Partner at...
Attorney Caroline Chen has received tenure at San Jose State University
Caroline Chen has received tenure at San Jose State University (“SJSU”) and will be promoted to Associate Professor at the Lucas College and Graduate School of Business at San Jose State University where she has been teaching corporate, individual and international...
IRS Announces Midyear Increase to Standard Mileage Reimbursement Rates
By: Tamara B. Pow, Esq. Due to the increase in fuel prices, for the first time in over ten years the Internal Revenue Service has issued a special midyear optional standard mileage rate increase effective for the last six months of 2022 (IR-2022-124, June 9, 2022): As...
CalSavers Deadline – Last Chance to Avoid Penalties for Small Employers With No Retirement Plan
By: Tamara B. Pow, Esq. CalSavers is a California retirement savings program for employees that do not have a retirement plan through their employer. If your business has a qualified retirement plan, you are exempt and may not enroll in CalSavers. However, if your...
California Passthrough Entity Elective Tax June 15 deadline!
By: Tamara B. Pow, Esq. When California first passed the Passthrough Entity Elective Tax (“PEET”) the law (AB 150) had some limits that made it not as attractive for some taxpayers. Since then there have been some retroactive fixes to the law (SB 113) eliminating...
New Corporate Transparency Act
In order to assist law enforcement and national security by preventing owners from hiding behind shell and front companies, the new Corporate Transparency Act will require companies to report beneficial owners (direct and indirect) who own at least 25% and those...
Corporate Transparency Act – Small Companies Will Have to Report Their Owners Mandatory Disclosure of Beneficial Ownership Information
By: Jason Murai, Esq. On December 7, 2021, the Financial Crimes Enforcement Network (“FinCEN”), an agency within the Treasury Department, issued proposed regulations to implement reporting requirements pursuant to the Corporate Transparency Act (“CTA”). Under the...
One of our Founding Partners, Robert Hawn, passed away in December 2021
One of our Founding Partners, Robert Hawn, passed away in December 2021. He will be greatly missed by all who worked with him. If you would like to send condolences to the family, please let our firm know and we will forward them to the family. ...
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