Launching a Cannabis Business: What You Need to Know
Currently, the Pennsylvania House of Representatives is considering legalizing recreational marijuana. This comes on the heels of the U.S. Drug Enforcement Agency proposing to reclassify marijuana as a Schedule III drug in April 2024. What does this mean for those currently operating dispensaries in states where recreational use is legal or those interested in starting up a new venture? And, what are the implications for banks and financial institutions exploring lending to or holding deposits for these businesses? Here’s what you need to know about launching a cannabis business.
Energy & Infrastructure
FITZPATRICK LENTZ & BUBBA’S ENERGY & INFRASTRUCTURE ATTORNEYS PROVIDES DEVELOPERS AND STAKEHOLDERS WITH LEGAL GUIDANCE AND SUPPORT TO NAVIGATE COMPLEX PRIVATE AND PUBLIC INFRASTRUCTURE PROJECTS
What does the TCJA Expiration Mean for Individuals and Business?
On January 1, 2026, several of the tax provisions found in the Tax Cuts and Jobs Act (TCJA) will expire. Now that the election season has ended, the incoming administration and Congress will have the opportunity to address this law, either extending the cuts or allowing them to run out. There are far-reaching implications for both individuals and businesses with the TCJA expiration.
The “Art” of Tax Law: Three Art Law Tax Strategies
Beauty is in the eye of the beholder. If you have an eye for art, you may also need deep pockets when it comes to the potential tax consequences of offloading a valuable masterpiece, sizable collection, or even an NFT. Check out these top strategies to minimize your tax burden when it comes to selling or transferring art.
Nonprofit Law: Federal Court Appeal Challenges DEI Funding
The push for diversity, equity, and inclusion (DEI) has become a cornerstone of many organizations, including nonprofits. However, a recent federal court appeal forced the suspension of funding to Black women-owned businesses by the Fearless Fund, and this may have implications for other nonprofits’ ability to use race-conscious determinations in scholarships, grants, awards, and more. […]
Is Taylor Swift’s carbon footprint tax deductible?: FAQs about business environmental tax deductions
Amidst the NFL’s 2024 “big game” event, Taylor Swift’s carbon emissions were under scrutiny for flying her private jet from working in Japan to Las Vegas to see Travis Kelce play. In short, her travels raised attention and concerns about how her business and personal travel impacted the environment, let alone were taxed. From a […]
How May Moore v. United States Impact Tax Law?
On December 5, oral arguments will begin in the Supreme Court case Moore v. United States. In short, this tax case is poised to upend a century of tax law, addressing the ability of the federal government to tax unrealized gains as income.
2023 Tax Law Updates: What PA Businesses Should Know
Many people cringe just hearing the word taxes. Generally, taxes can feel overwhelming and complex, especially with constantly changing tax laws. Several pieces of legislation have passed on both federal and state levels, potentially bringing about changes for businesses as they file their 2023 and future taxes. Read on to learn about four crucial 2023 […]
2023 Tax Law Updates: What PA Businesses Should Know
Many people cringe just hearing the word taxes. Generally, taxes can feel overwhelming and complex, especially with constantly changing tax laws. Several pieces of legislation have passed on both federal and state levels, potentially bringing about changes for businesses as they file their 2023 and future taxes. Read on to learn about four crucial 2023 […]
FLB Welcomes Alexandra Rozzi, Expands Taxation Practice
AlexandraM. Rozzi has joined Fitzpatrick Lentz & Bubba’s Corporate, Business & Banking practice group, focusing on Taxation. Her focus will be assisting clients with various business, transactional and tax matters, and providing tax analyses with respect to mergers, acquisitions, entity structuring and other matters faced by clients. “We are thrilled to have Ally join our […]