Employer Identification Number (EIN) Definition

June 16, 2022

What Is an Employer Identification Number (EIN)? The term employer identification number (EIN) refers to a unique identifier that is assigned to a business entity so that it can easily be identified by the Internal Revenue Service (IRS). EINs are […]

National action needed to implement food safety strategy

June 7, 2022

Via: LexBlog

The implementation of a new global food safety strategy will be a challenge, according to a member of the World Health Organization’s (WHO) Technical Advisory Group on Food Safety. Yongning Wu, from the China National Center for Food Safety Risk […]

Tennessee Veterans Have New Employee Leave Rights

June 1, 2022


Without much fanfare, Tennessee has a new employee rights law on the books providing veterans with the guaranteed right to take an unpaid day off from work on Veterans Day—Nov. 11. This new law was passed by the state legislature […]

Business Law & Regulations, Employment & Labor

How To Hire a Payroll Specialist or Manager in 6 Simple Steps

June 22, 2022

Via: Fit Small Business

Payroll professionals—be it a specialist or a manager—handle your company’s payroll and ensure your employees are paid correctly and on time. They work closely with your accounting and human resources (HR) teams to ensure tax remittances are correctly processed and […]

Business Law & Regulations, Employment & Labor

Illinois Governor Signs Bills Expanding Contractors’ Liability for Unpaid Wages

June 22, 2022


On June 10, Illinois Gov. J. B. Pritzker signed House Bill 5412 and its trailer bill, House Bill 4600, into law. Both bills amend the Illinois Wage Payment and Collection Act (WPCA) to make certain primary contractors liable for any […]

Business Law & Regulations, Finance

Illinois Expands Unpaid Bereavement Leave

June 22, 2022


Illinois has enacted amendments to the Child Bereavement Leave Act, expanding the law’s scope and renaming it the “Family Bereavement Leave Act” (FBLA). The amendments are effective Jan. 1, 2023, and the two major purposes are to: (1) expand the […]

Tax Code, Regulations and Guidance

How to Claim a Dependent on Your Tax Return

June 21, 2022

Via: Investopedia

Who Is a Tax Dependent? A dependent is generally defined as someone you take care of financially or otherwise. For tax purposes, not everyone you take care of qualifies as a dependent. The IRS allows two types of tax dependents: […]