On July 12, 2024, shareholder Otto Shill joined Mesa Morning Live: "Law & Order," produced quarterly by the Mesa Chamber of Commerce, as a guest speaker for the "Law" section. Hosted by Mesa Fire and Medical Deputy Chief Forrest Smith, other speakers included Mesa Chief of Police Ken Cost, who discussed the “Order” segment, and MADD Arizona Program Specialist, Sophie Demarchi. This 1-hour show on Channel 11 was filmed LIVE before local business owners and Chamber members.
In his 10-minute segment, Otto discussed the top three legal changes of particular importance to business owners.
- The Corporate Transparency Act requires that most small companies report their name and other identifying information to the criminal enforcement division of the US Treasury Department by December 31, 2024. Read more about the CTA and how to comply in our articles here and here.
- Faulty applications and benefits awarded from the Treasury Department's Covid-era Employee Retention Credit. Read more about the ERC and pending business audits in Otto's articles here and here.
- Changes to the Gift and Estate Tax Credit, which will roll back the amount you can give away or leave in your estate. Learn more about this complex issue and how we can help here.
Recognized as a Certified Tax Specialist by the Board of Legal Specialization, Otto Shill helps individuals, business owners, and employers comply with and plan for laws and regulations related to federal and state taxation, employee benefits, and executive compensation. He assists clients with audits, investigations, and regulatory disputes related to these areas, and advises businesses and their owners regarding business transactions and long-term business succession and estate planning.