Annual Reporting Requirements: Pennsylvania Taking the Majority Approach Starting in 2024
By: Matthew C. Cooper Pennsylvania will soon be joining the ranks of the majority of states in the nation requiring business entities organized under its laws to file annual reports to confirm their continued existence. Pennsylvania Act 122 took effect on January 2, 2023 (“Act 122”), repealing Pennsylvania’s unique (and often overlooked) decennial report requirement, and replacing it with a ...
MacElree Harvey’s Brian Nagle Elected President of the Chester County Bar Association 2023
Brian Nagle, Partner and Chair of MacElree Harvey's Land Use Department, was recently elected President of the Chester County Bar Association for 2023. As a member of the Chester County Bar Association, Brian has also served on the Board of Directors and as the Public Outreach Committee Chair. A brief history of the Chester County Bar Association: "Chester County is one ...
MacElree Harvey Represents Multi-National Corporation in Closing of $438 Million Credit Facility
We are pleased to announce that MacElree Harvey successfully represented the U.S. subsidiary of a large foreign multi-national corporation in the renewal of a cross border loan of nearly half a billion dollars. Representing our client, together with all its U.S. subsidiaries, in this complex transaction were attorneys Harry DiDonato, Andrew Silverman, and Leo Gibbons, along with the instrumental assistance ...
IRS Postpones Venmo Tax Law To 2023 Tax Season
The Internal Revenue Service (IRS) has delayed the tax provision requiring users of Venmo, PayPal, Etsy, eBay, and other third-party websites or apps to declare any earnings from selling goods or services over $600 dollars in a given year through a 1099-K form. This change will not be instituted until the 2023 tax season to give individuals additional time to ...
Employment Law Update November 2022
In November 2022, the world of employment law saw notable employee compensation cases – ranging from the compensation of the world’s richest executive down to local fast food service employees – and more ugly workplace allegations coming out of the NFL. Read the latest in the updates below. Tesla shareholder lawsuit examines Elon Musk’s unprecedented Tesla pay package In 2018, ...
MacElree Harvey, Ltd. Ranked as “Best Law Firms” by Best Lawyers® in 2023 U.S. News
MacElree Harvey is pleased to announce that we have been ranked in the 2023 U.S. News – Best Lawyers® “Best Law Firms”. The firm ranked both nationally and regionally in the following practice areas: National Rankings Tier 1 in Land Use & Zoning Law Regional Rankings (11) Philadelphia Tier 1 in Criminal Defense: General Practice Tier 1 in Family Law ...
2023 IRS Inflation Adjustments
The IRS has released numerous inflation adjustments affecting individual income tax brackets, deductions and credits for the 2023 tax year. Due to outrageous inflation during 2022 increases in the various adjustments is very large. For instance, the standard deduction for a married couple filing a joint tax return will increase to $27,700.00 in 2023 from $25,900.00 in 2022. For singles ...
MacElree Harvey to Merge with Delaware’s Losco & Marconi
MacElree Harvey is pleased to announce that the Delaware Law firm of Losco & Marconi will join our firm effective September 1, 2022. Previous Partners of Losco & Marconi, P.A., a Delaware civic litigation and transactional law firm, Daniel R. Losco, Esquire and Thomas C. Marconi, Esquire join as a valuable addition to MacElree Harvey’s growing Delaware practice. Daniel Losco ...