The Internal Revenue Service (IRS) has announced several contribution limits in qualified retirement plans will increase next year. This guidance provides cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2020. The IRS announced this and other changes in Notice 2019-59 (PDF), posted Wednesday November 6, 2019 on IRS.gov. 

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California Assembly Bill 5, the hard-fought bill that may one day give full employee status to workers engaged in the gig economy, has finally been signed into law by the office of California Governor Gavin Newsom. AB5 is expected to have wide-reaching implications that resonate across the country— including posing an existential crisis for businesses built with independent, on-demand labor— as well as major tax implications.

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On September 14th, several LGSH partners and employees participated in the 33rd annual Nautica Malibu Triathlon presented by Bank of America to support pediatric cancer research at Children's Hospital Los Angeles. The Classic Distance course featured a half-mile ocean swim, a 17 mile out-and-back bike course, and a 4-mile out-and-back run course. The course goes through some of the most beautiful roads in Malibu, with spectacular views of the mountains and the Pacific Ocean.

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California Senate Bill 721, known as the Balcony Bill, was signed into law September 17th, 2018 by Governor Jerry Brown and went into effect January 2019. The statute requires the evaluation of balconies, stairways, and similar structures in multifamily buildings with three or more units no later than January 1, 2025. 

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LGSH LLP is proud to sponsor the Jewish Big Brothers Big Sisters of LA’s NexGen Leaders Camp Night.

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