Tag: finance

Business Law & Regulations, Finance, Tax Code, Regulations and Guidance

Companies Revisit Financial Forecasts Ahead of Potential Tax Changes

January 20, 2021

Via: The Wall Street Journal

Companies are ramping up their financial forecasting and planning to prepare for potential changes to the U.S. tax code under the incoming Biden administration, which are now more likely after Georgia’s runoff elections handed Democrats control of the Senate. Joe […]

Business Law & Regulations, Finance, Privacy

Addressing The Security Risks Of University Foreign Funding

January 19, 2021

Via: Law360

While global media outlets have focused attention on election security, major U.S. health care facilities have been under direct cyberattacks in recent months. This follows disruptive cyberattacks on municipalities earlier this year. These attacks, and the often short news cycles […]

Business Law & Regulations, Employment & Labor

Top Five Labor Law Developments for December 2020

January 19, 2021

Via: National Law Review

The union filed a petition to represent a unit of roughly seven dockworkers and clerks at the distribution center, but the employer contended that a proper unit must also include seven drivers based at the same facility. Rejecting the employer’s […]

Financing your Business

What the COVID-19 Stimulus Package Means for Small Businesses

January 15, 2021

Via: Fit Small Business

The United States Congress has passed several measures in response to the COVID-19 pandemic designed to help small businesses, including tax rebates, tax-filing extensions, business loans, emergency relief, and modified tax treatment. Perhaps the most significant benefit, the Paycheck Protection […]

Know Your Rights

Illinois lawmakers approve bill overhauling criminal justice system

January 15, 2021

Via: Jurist

Illinois lawmakers passed a bill Wednesday overhauling the state’s criminal justice system in a sweeping reform. The bill, HB 3653, makes it official misconduct for police officers to fail to use body cameras or intentionally misrepresent facts in police reports […]

Know Your Rights

Courts discuss security after warning of potential protest threats

January 14, 2021

Via: ABA Journal

Courts across the country are discussing security after a news report said pro-Trump groups were considering storming courthouses. The Texas Lawyer spoke with court officials in several states and also cited a statement by the Administrative Office of the U.S. […]

Tax Code, Regulations and Guidance

What Is the Nanny Tax & How To Pay it in 2021

January 13, 2021

Via: Fit Small Business

If you are paying someone to do regular work in your home, whether a nanny, cook, housekeeper, gardener, or other, you may be liable for taxes. Nanny taxes can comprise up to 13.65% of your employee’s wages, not counting federal […]

Business Law & Regulations, Privacy

Parler sues Amazon for terminating cloud computing account alleging antitrust violations

January 12, 2021

Via: Jurist

Microblogging social media company Parler on Monday sued Amazon for terminating its account on Amazon Web Services, an Amazon subsidiary and one of the largest cloud computing companies on the Internet. Parler’s complaint, filed in the US District Court for […]

Business Law & Regulations, Employment & Labor

Department of Labor Issues Final Rule for Identifying Independent Contractors in an Employer’s Workforce

January 8, 2021

Via: National Law Review

Following up on its proposed rule issued in September 2020, on Jan. 6, 2021, the Department of Labor (DOL) issued its final rule on worker classification. The final rule, effective March 8, 2021 (60 days from publication in the Federal […]

Business Law & Regulations, Employment & Labor

DOL Clarifies Definition of Independent Contractor

January 7, 2021


The U.S. Department of Labor (DOL) issued a final rule on Jan. 6 clarifying who is an independent contractor versus an employee under the Fair Labor Standards Act (FLSA). The rule is slated to take effect March 8, although its […]