Lisa and the Law
Welcome to Lisa and the Law, the official blog of Thompson Law Group. Information is power and here is where you get some. We understand that running a business can be overwhelming so we will provide timely insights on business law matters and practical advice for business owners. Stay tuned for updates on the law, news you can use, and actionable advice from an experienced business law attorney.
My friend’s cousin is doing my taxes as a favor: The importance of having a qualified tax professional on your team
I got some really, really bad tax advice when I first started my business. My first year in business, I worked really hard to pay my employees (not myself) and...
Open Enrollment on the Health Insurance Marketplace begins TODAY
Given that the One Big Beautiful Bill Act (“OBBBA”) eliminated tax credits for health insurance previously in effect under the Affordable Care Act (“ACA”), it may be harder for your...
What happens to my business if I want to retire or die?
If you don’t know what happens to your business if you want to retire or (God forbid) die, you do not have an exit strategy. Don’t worry, you are not...
Corporations vs. LLCs – What should I choose for my business?
Corporations and Limited Liability Companies (LLCs) afford business owners the same personal liability protection. Corporations have more formal business structure and are ideal when there are multiple parties owning and...
FREE Business Law Seminar Series begins next week
I am excited to present for AZ Legal Talks (an offshoot of the Arizona Superior Court Library education program). We will be presenting 4 lunchtime presentations on various business law...
Final Deadline for filing personal Income Tax Returns is October 15, 2025
YIKES!!! Is it already October??? Time flies and personal income tax returns are due on October 15, 2025. If you are expecting a refund, be sure to request it be...
The IRS will NO longer accept or send paper checks
Effective September 30, 2025, the IRS will no longer accept paper checks or money orders for payment of any taxes. The IRS will also no longer send paper checks for...
Arizona law protects homesteads of business owners
Arizona law protects homeowners from creditors by providing an exemption of $425,200 in equity for a primary residence. Effective September 26, 2025 that protection will be extended to all types...
Getting Ready to File your 2024 Personal Income Tax Returns, request electronic payment of any refund
As of October 1, 2025, the IRS will no longer be sending paper checks to pay tax refunds. If you are on an extension for filing your personal income tax...
Arizona 2026 TPT License Renewals will be open in late October
Recently, the Arizona Department of Revenue sent emails to some business owners regarding renewal of their TPT licenses in error. TPT license renewals will be open in late October 2025...