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A key tax reform in the One Big Beautiful Bill Act of 2025 (OBBBA) encourages investment in small and emerging businesses by allowing founders and investors to reduce or eliminate tax on the capital gains from such investments.
Specifically, the OBBBA expanded the definition of Qualified Small Business Stock to include more businesses and allow a greater exclusion — up to $15 million per investor, per company.
July 29, 2025
The Federal Trade Commission’s (FTC) 2024 attempt to ban most noncompete agreements has been tied up in legal challenges and has now been delayed again. After multiple court orders and appeals, the FTC has asked for more time to decide whether it even wants to keep defending the rule.
July 29, 2025
Kentucky’s Division of Occupational Safety and Health (KY OSH) is what is known as a “state plan”, meaning Kentucky adopts and enforces its own safety standards, largely independent of federal OSHA. However, effective June 27, 2025, the safety standards required by KY OSH have been amended to align with the standards imposed by the federal OSHA.
Under the FLSA, a company that has been found to have violated the law’s minimum wage and overtime requirements may be liable for not only the unpaid wages, but also an additional equal amount in liquidated damages.
With the issuance of a new Field Assistance Bulletin on June 27, 2025, the DOL announced changes to damages in wage and hour administrative proceedings.
The One Big Beautiful Bill Act (OBBBA), passed with slim majorities in Congress and signed into law by President Trump on July 4, 2025, represents a sweeping reform of U.S. tax policy. The OBBBA builds on the 2017 Tax Cuts and Jobs Act (TCJA) while introducing new provisions. This article provides a focused summary of the OBBBA’s changes to estate and income tax laws, highlighting their impact on taxpayers and planning considerations.
June 13, 2025
On June 5, the Supreme Court issued a decision in Ames v. Ohio Department of Youth Services, a case that has been closely watched by employers and employees alike. In Ames, the plaintiff was a heterosexual woman who alleged that she was discriminated against because she was passed over and demoted by her employer in favor of homosexual employees.
November 25, 2024
The probate administration process in Ohio is an important and necessary legal procedure that ensures the proper distribution of a deceased person’s assets and the settlement of their final affairs. While probate can seem complex, especially during a time of great emotional difficulty, it serves an important role in providing structure and clarity to the disposition of the decedent’s estate. For Ohio residents and those inheriting assets from a deceased person who resided in Ohio, understanding how probate works here can make the process less daunting. In this article, I outline the key steps of the Ohio probate administration process, the role of the probate court and the executor or administrator, and ways to streamline the whole process.
Becoming a parent is a wonderful adventure, and new parents have their hands full with learning how to parent. As emotional and stressful as it is to think about who will take care of their children in the event of their untimely deaths, parents should have a plan in place. In this episode of Simply Money, Mark Reckman outlines basic things that parents should know and should think about when going about the process of nominating a guardian for their children.
On April 23, 2024, the Federal Trade Commission (FTC) announced an administrative rule that would ban almost all non-competition agreements. The rule is scheduled to take effect in about four months (around August 2024). Within a couple days several businesses, including the U.S. Chamber of Commerce, filed lawsuits requesting that the rule be overturned. The courts may either reject the rule entirely, delay the effective date of the rule, or uphold the rule and permit it to take effect.