On February 18, 2025, the Financial Crimes Enforcement Network (FinCEN) issued updated guidance on Beneficial Ownership Information (BOI) reporting requirements, extending the compliance deadline by 30 days. This extension follows a U.S. District Court for the Eastern District of Texas ruling, which reaffirmed the Corporate Transparency Act (CTA) requirements and reinstated the mandatory reporting obligations for covered businesses. For most businesses, the new deadline to fi

Estate planning is an essential process for individuals and families in Roseville, CA, and Placer County, ensuring that assets are properly distributed and protected. One of the most common questions we receive is: Are attorney fees for estate planning tax deductible? Understanding the tax implications of estate planning can help you make informed financial decisions. Below, we break down whether estate planning attorney fees qualify for tax deductions and explore tax strateg

Are you considering contesting a living trust? If you’re in Roseville, Sacramento County, or elsewhere in Placer County, you might have valid reasons to challenge the trust distribution. Maybe you feel unjustly excluded from the estate or believe that the trust doesn’t accurately reflect the grantor’s true intentions. It’s also possible that you suspect undue influence or fraud played a role in the creation of the trust. Before taking action, it’s important to understand the

As the new year begins, many of us set resolutions to improve our health, finances, or personal growth. One often overlooked but essential resolution is planning for the future through comprehensive estate planning. At NewPoint Law Group, LLP, we believe that estate planning is more than just planning for the future – it's about taking control of your legacy, protecting your loved ones, and ensuring that your assets are distributed according to your wishes. If you live in Ros

Confusion and challenges at many levels surround the Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) reporting requirements. As trusted legal advisors to businesses in Sacramento and Placer Counties, we’ve been monitoring this rapidly evolving legal landscape to ensure our clients remain informed and prepared. Read on for a chronological overview of key developments in the CTA’s implementation and its significant legal challenges, culminating in th

If you're an employer in Roseville, California, staying informed about minimum wage requirements is essential for compliance and budgeting. Recently, the California Director of Finance announced a statewide increase to the minimum wage. Here’s a breakdown of recent changes and what they mean for your business in 2025. Current and Upcoming Minimum Wage Rates As of January 1, 2024, the minimum wage in California is $16.00 per hour for all employers, regardless of the number of

In today’s competitive marketplace, standing out as a small business is no easy feat. As business owners work hard to carve out a unique identity, safeguarding that identity is paramount. At NewPoint Law Group, LLP, we understand that intellectual property (IP) is often one of a business’s most valuable assets - and trademarks are a cornerstone of that value. If you’re a small business owner in Roseville, Sacramento, or throughout Placer and Sacramento Counties, our experienc

Change order disputes can cause undue delays. Many contractors and developers in California struggle with changes to their construction plans. Are you tangled in paperwork and conflicts over change orders for your construction project? Let’s explore how to handle these disputes. Know Your Rights Understanding your legal rights is crucial. In California, construction law protects both contractors and property owners. By law, you must document any changes to the original contra

What is a Mechanic’s Lien? A mechanic’s lien in California is a legal tool that guarantees payment to builders, contractors,...

As of today, July 1, 2024, local ordinances have caused the minimum wage to increase across several cities in California, marking a significant shift for businesses operating within these jurisdictions. The affected cities and their new minimum wage rates are as follows: Alameda: $17.00 Berkeley: $18.67 Emeryville: $19.36 Fremont: $17.30 Los Angeles: $17.28 Los Angeles County: $17.17 Milpitas: $17.70 Pasadena: $17.50 San Francisco: $18.67 Santa Monica: $17.27 West Hollywood:

On October 8, 2023, Senate Bill No. 497 (SB 497) was signed into law, marking a significant change in California's employment law...

The Federal Trade Commission (FTC) has issued a groundbreaking final rule that bans all new noncompete clauses and renders most existing noncompete clauses unenforceable. This final rule joins California’s outlook on creating public policy that favors open competition and employee mobility. Understanding the New Rule On January 19, 2023, the FTC proposed a rule addressing non-compete clauses under sections 5 and 6(g) of the FTC Act, culminating in a final rule after extensive

The healthcare sector stands on the precipice of significant change with the enactment of Senate Bill No. 525 (SB 525), a landmark...

As of January 1, 2024, a wide array of business entities in the U.S., including corporations and LLCs, are now subject to new reporting...

In an era where financial transparency is more than a buzzword, the Corporate Transparency Act (CTA) and Financial Crimes Enforcement...

With the IRS intensifying efforts against ERC (Employee Retention Credit) fraud and issuing over 20,000 ineligibility notices to...

On July 31, 2023, the Director of Finance released a statement confirming that California’s minimum wage will increase from $15.50 to $16.00 per hour, effective January 1, 2024. What is the California Minimum Wage for 2024? The minimum wage in California will be $16.00 per hour for all employers, regardless of their size, effective January 1, 2024. What is the California Minimum Wage for exempt employees in 2024? The increase in the minimum wage also affects the minimum salar

Those who open their own business likely know that they must be more than fluent with the service or product they intend to provide—they must also know how to navigate basic business matters. This can include negotiating a lease for commercial or office space, putting together employment contracts, and even navigating tax matters. Although all come with their hurdles, few are more complex to navigate than tax matters. Business owners must comply with various regulations and t

As an entrepreneur, selecting a name for your business is an important task that should be one of your top priorities. However, it’s crucial to make sure that the name you choose is not already being used by another business to avoid running into potential issues in the future. If you plan on expanding your business or start selling online, it may be wise to consider trademarking your name. The risk of not doing your research Most entrepreneurs assume that picking a business

A hostile takeover occurs when a separate corporation acquires or takes over a company without seeking or obtaining the approval or consent of the board of directors. The acquired company is the target company. The acquirer executes the takeover. Hostile takeovers are legal, but many legal barriers can manifest during the takeover. How does a hostile takeover happen in a company? The acquirer will first attempt to make a friendly offer to the board members to buy the target c

A litigation hold, also called a legal hold or document hold, is a directive given to employees in a business organization. It instructs them to preserve and not alter specific records and information (both paper and electronic) that may be relevant to an ongoing or expected lawsuit or investigation. The purpose is to comply with the duty of preserving information, including electronically stored data (ESI), to avoid tampering with evidence and be prepared for legal proceedin

Most often than not, having a partner in a business means having an additional source of ideas, capital and resources. However, this also means an increase in potential conflict between partners. Fortunately, there are various ways to resolve partnership disputes. But before doing so, it is essential to understand the root cause of the conflict because this will guide parties on how they can amicably sort out the issue. The sources of clashes There are many causes behind disp

Being appointed as a trustee exposes an individual to criticisms when handling the trust as well as the trust litigation. Understandably, this puts a lot of pressure on trustees, especially those who have little to no knowledge of trust administration. This is why it is not surprising that some trustees consider hiring a legal professional to guide them through the administration process. Check the trust document Before a trustee can make decisions, it is crucial for them to

When renting a property, landlords often require tenants to pay a security deposit. This deposit acts as protection for the property owner in case of any damage or unpaid rent. But there are instances when tenants may not receive the full security deposit after the tenancy has ended. If you doubt whether you are receiving the right amount, the California Security deposit law can help you. It outlines the rules for landlords when returning and deducting any money from your sec