Taft Stettinius & Hollister LLP

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Contractor Basics: Claims Recognition and Documentation
Lowell T. Woods, December 2, 2011
Given current economic conditions, most contractors are not in a position to simply walk away from legitimate claims for additional compensation with the expectation that the lost dollars will be recovered through the next profitable job down the road. Despite the fact that some contractors have...

Recent Small Business Regulation Issues
Barbara A. Duncombe, November 15, 2011
The Small Business Administration (“SBA”) proposed two rules, one on October 5, 2011 and the other just two days later, regarding the SBA’s oversight of small business subcontractors and preference program participants.

Time Remaining To Make Large Gifts Might Be Shorter Than Expected
Daniel J. Hoffheimer,Richard O. Kissel,Mary L. Rust,Julia E. Tarvin,Missia H. Vaselaney,Susan E. Wheatley,Lisa K. Wiseman, November 15, 2011
As we have written in previous ebulletins, the current federal gift, estate and generation skipping tax (GST) exemptions are $5 million. These amounts previously have been much lower: $1 million for gift tax and $3.5 million for the estate and GST taxes.

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