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Business Law

Ami Gongalski and Adam Zuwerink Receive CFMC and CCCM Certifications from NCMA

Posted on November 6, 2015
West Michigan Law, P.C. is proud to announce that Manager Ami Gongalski earned certification from the National Contract Management Association (NCMA) as a Certified Federal Contracts Manager (CFCM), and Attorney Adam Zuwerink earned certification as a Certified Commercial Contracts Manager (CCCM). The NCMA professional certification program is designed to elevate professional standards, enhance individual performance, ... CONTINUE READING

IRS Announces 2015 Retirement Plan Limits

Posted on November 4, 2014
The IRS has announced the 2015 cost-of-living adjustments for retirement plan related limitations, with almost all of the most watched figures increasing slightly from 2014.  The 401(k) deferral limitation increased from $17,500 to $18,000 (the additional catch-up contribution limit for those over 50 increased from $5,500 to $6,000), the annual defined contribution plan maximum limit has increased from ... CONTINUE READING

Another Crack in the WOSB Glass Ceiling

Posted on June 2, 2014
The federal government admitted they fell short in awarding women-owned small businesses their “piece of the government contracting pie.” In 2012, the federal government awarded only $16.1 billion in federal contracts to women-owned small businesses (WOSB).  Attention is turning toward WOSBs on many levels, as the government puts a plan in place to fix this ... CONTINUE READING

IRS Announces 2014 Retirement Plan Limitations

Posted on November 4, 2013
The IRS has announced the 2014 cost-of-living adjustments for retirement plan related limitations, with some of the most watched figures staying the same from 2013 and some increasing slightly.  The 401(k) deferral limitation remains at $17,500 (the additional catch-up contribution limit for those over 50 remains at $5,500), the annual defined contribution plan maximum limit has increased ... CONTINUE READING

Menard, Inc. v. Dep’t of Treasury: Who gets a Michigan sales tax refund on bad debt?

Posted on September 13, 2013
In a published opinion released by the Michigan Court of Appeals on September 12, 2013, retailers Menard’s, Sears and Art Van were denied a refund of the sales tax they paid on customer purchases that were charged off as bad debts by the retailers’ private label credit card financing companies. Many large retailers have their ... CONTINUE READING

Rollover As Business Startup and IRS Prohibited Transactions

Posted on July 8, 2013
In 2010, I wrote an article for the Michigan Business Law Journal called “Using Retirement Plan Assets to Fund a Startup Company.” A copy of the article can be found here, and it discusses many of the potential pitfalls that come with rolling over tax-qualified retirement plan assets to a new startup business that you ... CONTINUE READING