The IRS has announced its annual inflation adjustments for the 2025 tax year, bringing significant changes to tax brackets, deductions, and credits. These updates are designed to help taxpayers manage the impact of inflation and prevent “bracket creep,” where individuals end up in higher tax brackets despite only keeping pace with rising costs. Here’s an […]
Widerman Malek Law Blog
Exploring Legal Counsel Options for Businesses: In-House vs. Outside General Counsel
The decision to engage legal counsel is a critical choice for businesses, and options extend beyond the binary choice of in-house counsel and outside general counsel. In-house counsel refers to legal professionals employed directly by a company, offering dedicated legal support and an intimate understanding of the organization’s inner workings. Conversely, outside general counsel entails […]
Unlocking Success: 7 Benefits of Outsourcing General Counsel Services for Your Business
Many business owners are busy juggling the day-to-day demands of running a business. These same business owners often face legal challenges that require strategic thinking and take their focus away from running the business. While some larger corporations have the luxury of an in-house legal team to handle all of their legal issues, many businesses, […]
DON’T PANIC: DECODING THE IRS NOTICE OF DEFICIENCY
A tax deficiency, as recognized by the Internal Revenue Service (IRS), is a discrepancy between the amount of taxes you have reported on your return and what the IRS calculates you owe. This discrepancy often arises when the income you reported on your tax return differs from the income reported to the IRS by your […]
