Resources tagged with 'Christopher W. Genheimer'


IRS Ramps Up Effort to Collect Employer Shared Responsibility Payments

The IRS has recently started sending letters to businesses asserting tax penalties under the Affordable Care Act (ACA), also known as "Obamacare". These letters advise that the business owes an Employer Shared Responsibility Payment (ESRP) penalty as a result of failing to comply with certain provisions of the ACA. Under the ACA, all employers with 50 or more full-time employees are required to offer health insurance coverage that is affordable and provides minimal essential coverage to at le ...
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Is Your Estate Plan Prepared to Exit Your Business?

Is Your Estate Plan Prepared to Exit Your Business? (PDF)  

Mandatory Re-Filing of Assumed Business Names

On December 1, 2017, North Carolina's new Assumed Business Name Act (the “Act”), went into effect.  The new Act is much more detailed and broader in scope than the prior statute N.C.G.S. § 66-68.  The new Act applies to any "Persons" engaging in business under a name that is different from their official name (for example, ABCD, Inc. operating and advertising as “John’s Pizza”).  Under the new Act, "Person" is broadly defined and includes any individual, partnership, limited partne ...
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North Carolina’s New Uniform Power of Attorney Act

Effective January 1, 2018, North Carolina adopted a new Uniform Power of Attorney Act (the "Act") that is codified in Chapter 32C of the North Carolina General Statutes.  The new Act addresses the creation, execution, and termination of a financial power of attorney ("POA"), and makes sweeping changes to the old Act with the goal of making it easier for the agent to manage the principal's affairs. Arguably one of the most significant changes to the statute is the filing requirement.  Under ...
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Carruthers & Roth Hosts 2017 Business & Tax Seminar

Greensboro, N.C. - On Wednesday, December 6, 2017, Carruthers & Roth, P.A. hosted its annual Business and Tax Seminar in Downtown Greensboro, welcoming more than 200 CPA’s and industry professionals. Ten attorneys from the firm’s Business, Tax & Estates and Litigation Practice areas presented on a variety of topics relating to business law and taxation. Several topics presented at the seminar included employment law and benefit updates, 529 plans, the CPA’s role in business litigat ...
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Bouncing Your Last Check: Does Death Really Put an End to Your Debts?

Bouncing Your Last Check: Does Death Really Put an End to Your Debts? (PDF)

Other Items to Include on the College Checklist: Powers of Attorney for Young Adults

Every year thousands of young adults graduate high school and head off to college. As parents help their children run through the checklist of items needed for college, the last thing on anyone's list is then need for the child to have legal powers of attorney prepared. However, as discussed in the remainder of this article, these documents can be very important if the need arises. In North Carolina, powers of attorney are statutory documents (authorized by Chapter 32A of the North Carolina G ...
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