Year: 2018

THE NEW TAX ACT AND MY ESTATE PLANS: NOW WHAT?

american dollar bills

12/18/2018Herman, Patrick W.

Great news: the new “Tax Cut and Jobs Act” (“TCJA”), doubles the estate tax exemption amount from $5.49 million per individual (the 2017 exemption amount) to $11,180,000 million. (For convenience, this article will use the $5.6 million projected exemption amount for 2018 before TCJA and $11.2 million).  The new higher number will be adjusted for inflation…. Read more »

Final Crane Operator Certification Requirements

12/10/2018Sterling, Michael L.

On November 9, 2018 OSHA issued a final rule revising the Crane Operator Certification Requirements. The final rule is effective on December 10, 2018, except for certain evaluation and documentation requirements that are effective February 7, 2019. Under the final rule, employers are required to train operators as needed to perform assigned crane activities, evaluate… Read more »

SBA Rules On SDVOSB Ownership And Control

Close-up of a dark wooden gavel on a desk

10/16/2018Vandeventer Black

The Department of Veterans Affairs (VA) and the United States Small Business Administration (SBA) each has its own service-disabled veteran-owned small business (SDVOSB) contracting program. Until recently, the VA and SBA programs were subject to different sets of eligibility rules. Effective October 1, 2018, SBA revised its eligibility requirements for the SBA service-disabled veteran-owned small… Read more »

Recent Change To Rights Of SDVOSB Minority Owners

Vandeventer Black

10/15/2018Vandeventer Black

The Department of Veterans Affairs (VA) and the United States Small Business Administration (SBA) each administers its own service-disabled veteran-owned small business (SDVOSB) contracting program. Until very recently, each program was subject to its own set of rules. Disparities between the eligibility requirements of the VA’s “Vets First” program and the SBA’s Service-Disabled Veteran Owned… Read more »

Your Responsibility for Worker’s Compensation May Extend Further Than You Think

Construction Worker

09/27/2018Selman, Andrew P.

Workers’ compensation obligations may extend to cover individuals beyond those you consider to be your traditional employees. While this article considers such obligations under the Virginia Workers’ Compensation Act (VWCA), the consideration may be applicable in other states as well. Consult with an attorney licensed in your state to discuss the issue. One of the… Read more »

General Contractors: Important Licensing Considerations

09/26/2018Moss, Ashley G.

Businesses must become licensed before acting in a contractor’s capacity.  The ability to issue licenses serves an important function of protecting public safety by ensuring that contractors meet established minimum competency requirements.  When applying for licensure, important considerations include (a) where the work will be performed, (b) the type of work the contractor plans to… Read more »

Contractor Safety Continues to Improve, but Trends Continue

Construction of office building on purple sunset with two cranes

09/24/2018Lowenstein, Neil S.

Various aspects of construction are inherently unsafe. The Federal Occupational Safety and Health Administration (OSHA) therefore continues to maintain focus on the construction industry in an ongoing effort to alleviate workplace incidents. Part of that efforts includes inspection and citation for workplace safety violations. For fiscal year 2017 (October 1, 2016 through September 30, 2017),… Read more »

Five Steps to Greater Cybersecurity Health for Community Associations

Protection background. Technology security.

08/14/2018Gallo, Jonathan V.

Media reports concerning cyber attacks continue to increase.  Over the past few years, some of the largest and well-known companies have been affected by data breaches. These companies have experienced millions of dollars in losses as a result.  Even a small data breach impacting only a few thousand records can expose a business to significant… Read more »

2018 Legislative Changes That Affect Community Associations

Community Association Law

08/14/2018Casey, Deborah M.

Each year an increasing number of bills affecting community associations are introduced in the Virginia General Assembly.  2018 may have been one for the record books. CAI’s Virginia Legislative Action Committee (VALAC) reviewed more than 100 bills that directly or indirectly affect Virginia community associations. Fortunately, there are only a few that passed.  The bills that… Read more »

Beware Of Usury Laws When Receiving A Loan As A Business

american dollar bills

08/10/2018Ambrosio, Christopher

*Junior Ndlovu is a summer extern with Vandeventer Black. He is a second-year law student at the Washington & Lee School of Law. “‘Usury’ is generally defined as a premium or compensation paid or stipulated to be paid for the use of money borrowed at a greater rate of interest than is allowed by law.”i… Read more »