BLOGS

HIGH TIMES AHEAD OF ILLINOIS – CANNABIS REGULATION AND TAX ACT

On June 25, 2019, Illinois became the 11th state to legalize recreational cannabis and the first state to do so via its legislative body (without using a public referendum). The Cannabis Regulation and Tax Act provides for the production, sale, regulation, testing, decriminalization and taxation of recreational cannabis in addition to providing for social equity and criminal justice reforms. LAWS ABOUT...
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WHEN IS THE BEST TIME TO PLAN? The answer is simple—NOW.

Summer is coming to an end and kids are going back to school.  Summer vacations are now memories and we will all be back on schedules (if we were ever off them!).  Take some time in the next couple of months to consider your estate plan – whether doing it for the first time or updating -- before the fall and winter holidays take hold of you.  This is really important for you and your...
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WHEN TO EXPECT AN I-9 AUDIT AND THE AUDIT PROCESS

HOW DOES A BUSINESS OWNER KNOW WHEN THEIR BUSINESS IS GOING TO BE AUDITED? Businesses can be audited at any time. Employers will receive a Notice of Inspection (NOI) and are given at least three business days to produce the Forms I-9. The business employer may be requested to provide supporting documentation, such as a current employee listing, copy of their payroll, business licenses a...
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THE NEW ILLINOIS NO SALARY HISTORY LAW: TOP 5 THINGS EMPLOYERS NEED TO KNOW

Under a new law signed by Illinois Gov. J.B. Pritzker on July 31, Illinois companies soon be prevented from asking job applicants or their previous employers about salary history. The new law amends the Illinois Equal Pay Act by adding prohibitions on employers from asking job applicants for past wages during the hiring process, among other changes.   Here’s what you need ...
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IS THERE A DISCONNECT BETWEEN YOUR WILL OR LIVING TRUST AND YOUR ASSETS?

  Do you have a Will?  Or a Revocable Living Trust?  Does this document say how your assets will be divided among your family members at your death?  Example – “I leave everything to my children in equal shares.” Now think about your assets.  Have you added someone as a joint owner on your bank accounts or real estate for convenience or for some other reason?  Have y...
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