Boyd & Boyd PC

09/21/2026

Government regulation may cost a small business approximately $14,700 per employee each year.

That figure is an estimate. The actual burden varies by industry, location, and business model. But it illustrates an important economic reality: compliance is not free.

Businesses must devote money and employee time to legal requirements, accounting rules, licensing, permits, reporting, training, recordkeeping, compliance software, and outside consultants.

Small businesses often feel these costs more acutely. A large corporation can spread its compliance expenses across thousands of employees and millions of transactions. A business with 10, 20, or 40 employees has far fewer people and customers over which to spread those costs.

And businesses cannot simply make those expenses disappear.

Higher regulatory costs can contribute to higher consumer prices, less hiring, slower wage growth, reduced investment, and delayed expansion. That makes excessive regulation more than a business issue—it can become a cost-of-living issue. And government regulation means slower and reduced economic growth.

Eliminating or reducing government regulation will create more jobs and lower costs for the buyer.

The question is: How can we achieve those protections without imposing unnecessary costs and paperwork?

AI agents may become an important part of the answer.

Agents can help small businesses monitor regulatory changes, identify applicable requirements, prepare routine reports and filings, track licenses and deadlines, maintain records, flag potential problems, and create an audit trail.

AI cannot eliminate the underlying cost of regulation. It can, however, reduce the administrative expense of understanding and complying with it.

The real economic benefit should not be measured solely by regulatory cost per employee—particularly if AI allows businesses to operate with fewer employees. More meaningful measures include:

- Lower total compliance costs
- Greater output per employee
- Fewer errors and penalties
- Reduced outside consulting expenses
- More capacity without additional headcount
- Compliance cost as a percentage of revenue
- Compliance cost per transaction

Less regulation—combined with smarter compliance technology—can help us achieve efficient economic growth.

09/11/2026

Twenty-five years have passed since the morning of September 11, 2001.

But some days should never become simply another date on the calendar.

That morning, 2,753 people lost their lives in New York, including 2,606 at the World Trade Center site.

And the loss did not end when the smoke cleared.

Hundreds of firefighters, police officers, emergency personnel, construction workers, volunteers, and others spent the days and months that followed searching, rescuing, recovering, and helping wherever they could.

Many carried the effects of that service with them for the rest of their lives.

More than 400 members of the FDNY have since died from illnesses related to their work at the World Trade Center. Across the larger community of responders, recovery workers, volunteers, survivors, and others exposed to the toxic aftermath, thousands more have died from 9/11-related illnesses, including cancer and respiratory disease.

Twenty-five years later, we remember them too.

September 11 reminds us of many things — courage, sacrifice, service, and the extraordinary things ordinary people will do for one another.

But perhaps it should remind us of something simpler as well.

The people we love are not promised to us forever.

Most of us go through life assuming there will always be another dinner, another phone call, another holiday, another chance to say the things we mean to say.

September 11 taught an entire generation how quickly an ordinary morning can become anything but ordinary.

So today, perhaps the best way we can honor those who were lost is simply to remember what matters.

Call someone you love.

Spend a little more time with your family.

Forgive something that no longer matters.

And tell the people who are important to you exactly that.

Some things are too important to leave unsaid.

Today, all of us at Boyd & Boyd, P.C. remember those who were lost, those who ran toward danger to help others, and those whose sacrifice continued for years afterward.

We will never forget.

— All of us at Boyd & Boyd, P.C.

Sources for casualty and health-impact figures: National September 11 Memorial & Museum; Fire Department of the City of New York.

08/12/2026

Many of you may remember that last year I was very concerned about a reporting requirement from FinCEN - The Corporate Transparency Act. At 9:47 am this morning I received this announcement from FinCEN:

FinCEN Updates: FinCEN Permanently Ends Beneficial Ownership Reporting Requirements for Millions of Small Business Owners; Will Delete Information Previously Reported by U.S. Persons

This is a major win for the privacy rights of US business owners!

07/23/2026

Estate planning is about preparing for the future, not just responding to today's tax laws.

A thoughtful plan can help protect your assets, adapt to changing legislation, and preserve the legacy you've worked hard to build.

Discover how proactive estate planning can help protect your family's future on our website: https://www.boydandboydpc.com/mayor-mamdanis-estate-tax-proposal-reveals-a-dangerous-idea-about-wealth/

A critical analysis of Mayor Mamdani’s estate tax proposal, highlighting concerns about its impact on wealth distribution, fairness, and economic consequences.

07/17/2026

An effective estate plan should consider more than just estate taxes.

Understanding how capital gains taxes may affect inherited assets can help families preserve more wealth and make informed decisions for future generations.

Explore how tax-smart estate planning strategies can help protect your family's legacy on our website: https://www.boydandboydpc.com/wrong-tax-step-up-in-basis-disclaimer-trust/

Many families plan for estate tax but get hit by capital gains later. Learn step-up in basis basics and why bypass trusts can lose the second step-up.

07/16/2026

An effective estate plan should consider more than just estate taxes.

Understanding how capital gains taxes may affect inherited assets can help families preserve more wealth and make informed decisions for future generations.

Explore how tax-smart estate planning strategies can help protect your family's legacy on our website: https://www.boydandboydpc.com/wrong-tax-step-up-in-basis-disclaimer-trust/

07/09/2026

Creating a Will is an important step, but making sure it is executed correctly is just as important.

Missing witness requirements or signing procedures could create complications that put your final wishes at risk.

Take steps today to ensure your estate plan is properly protected on our website: https://www.boydandboydpc.com/how-to-properly-execute-a-will-in-all-50-states/

Discover the essential rules for how to properly execute a will in all 50 states and how to avoid costly ex*****on mistakes.

07/03/2026

Medicaid Planning Trusts can be valuable tools for long-term care planning, but they are often misunderstood.

While they may help individuals qualify for future Medicaid benefits, they are generally not designed to protect assets from creditors, lawsuits, or other legal claims.

Discover the key differences between Medicaid planning and asset protection on our website: https://www.boydandboydpc.com/medicaid-planning-trusts-are-not-apts/

A Medicaid Planning Trust—often abbreviated as an “MPT”—is a very specific planning tool, designed for a very narrow purpose.

06/26/2026

Losing a loved one often comes with unexpected responsibilities and important decisions.

Having key documents such as wills, trusts, insurance policies, financial records, and account information organized can help families navigate the process with greater clarity and confidence during a difficult time.

See which documents can help simplify estate and financial matters after the loss of a loved one:

06/19/2026

Building wealth is important, but protecting it is equally critical.

The way you structure ownership of your business or investment properties can play a major role in shielding personal assets from potential legal and financial risks.

Learn how the right legal structure can help protect your assets and support your long-term financial goals: