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Law & Accounting

Clock ticking on year-end tax incentives, breaks

The clock is ticking on a number of year-end tax incentives and breaks. Before companies start singing “Auld Lang Syne,” experts say they better have taken advantage of ways to reduce their tax liability through incentives and asset assessments if they want the new year to be a happy one. “It’s not too late, but businesses need to be working ...

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Hornsby has been in law for 66 years with no end in sight

It’s no exaggeration to call Clare Sekul Hornsby a legend in her own time. The lively Biloxi attorney has been practicing law 66 years and continues a full daily schedule as president of the Sekul, Hornsby & Tisdale firm. “I have no reason to cut back,” she said. “I love the law, and I’m grateful for every day. I’m blessed ...

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Race on for Jackson hotel Go-Zone bonds; some councilmen want new developer bids

TCI Realty of Dallas, a prospective partner with the City of Jackson on a convention center hotel, is racing the clock to gain a $70.1 million share of Mississippi’s tax-exempt Gulf Opportunity Zone bonds before they expire Dec. 31. Meanwhile, the nearly $100 million project faces a council increasingly skeptical about inheriting a development partner from a previous mayoral administration ...

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Jackson council likely to grant Occupiers 24/7 Smith Park permission

Occupy Jackson protesters may find the majority of Jackson City Council members receptive to giving them special permission to remain in Smith Park around the clock, thus ending the nightly migrations to the sidewalk on the west side of Congress Street. The Occupy Jackson group, entering its second month in the park, had planned to stay in the park overnight ...

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'Facebook firing'

The settlement of a complaint issued by the National Labor Relation Board (NLRB) involving the firing of an employee of a Connecticut company who posted negative comments about a supervisor on Facebook could have far-reaching implications. It should have employers in Mississippi taking a harder look at their social media policies to ensure they are not in violation of the ...

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Big dollars await states with cyber sales tax collections

You can bet a $300 million windfall would cheer up Mississippi’s Revenue Estimating Committee when it convenes this month to set estimates on state collections of taxes and fees. The $300 million is the National Conference of State Legislatures’ estimate on the amount of money Mississippi loses each year by not taxing certain online and catalog sales. So why not ...

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Online sales tax collections would entail revamp of state system

Forcing online retail giants like Amazon and Overstock to collect sales taxes from customers would require a tradeoff that Mississippi is not yet prepared to make. On one hand, the state could gain in the neighborhood of $300 million annually. But on the other, it would need to revamp its sales tax system to meet the specification set by Congress, ...

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Occupy Jackson to ask council for extended stay in Smith Park

Occupy Jackson could be headed for a critical test Tuesday night as spokespeople for the grassroots movement ask the Jackson City Council Tuesday night for a permit to continue their low-key protest in downtown’s Smith Park for an extended period. The occupiers, a mix of college age people, retirees and middle-agers, have been spending their days in the park’s picnic ...

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It’ll be open house for U.S. entry – if you’ve got the cash

A pair of U.S. senators, one a Democrat and the other a Republican, has hatched a plan for boosting demand for the nation’s vacant housing. Sell the homes to wealthy foreign nationals and give them the right to live here, say Republican Sen. Mike Lee of Utah and Democrat Sen. Charles Schumer of New York. They introduced a bill last ...

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