BLOGS

ESTATE PLANNING UPDATE: NEW TAX LAW

By now, you have probably heard plenty of news coverage about the Tax Cuts and Jobs Act of 2017 (“TCJA”).  The new law includes many changes to individual and corporate tax rates, deductions and other rules.  While there was also much discussion about repealing the federal estate tax, the final tax bill does not repeal estate tax.  Thus, there is still a federal estate tax.  Additionally, the Illinois estate tax remains unchanged. The TCJA doubled the federal estate/gift tax exemption for individuals, from $5 million to $10 milli...Read More
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How to Prepare Your Business for an Increase in Workplace I-9 Enforcement in 2018

What’s hiding in your I-9 files? ICE is Committed to Significant Increase in Worksite Enforcement in 2018 Director Homan signals intent to aggressively target employers that employ illegals Workplace immigration compliance is getting increased attention from the government and this year, enforcement actions are expected to be increased significantly. Recently, Acting Immigration and Customers Enforcement Director Thomas Homan has instructed Homeland Security Investigations to increase its time spent on work site enforcement by “four or...Read More
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TOP TIPS FOR PROTECTING YOUR SOFTWARE AND OTHER INTELLECTUAL PROPERTY (IP) ASSETS

Protecting your software and other Intellectual Property (IP) assets is very important for all businesses. Implementing some important practices will increase your protections and controls. By considering these tips and including some of these provisions in your IP License Agreement (IP Licenses), you reduce the risk of your software or other IP being transferred without your consent and you will be in a stronger position in the event of a dispute. Current positions and trends in the law to be aware of: The current guideline under gene...Read More
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My Employee is Working Overtime – Help!

Avoid FLSA Class Action Suits – The best defense is a good offense: Regular compliance audits of employee time and wages can proactively reduce legal risks for FLSA/over-time pay violations. There has been a 77% rise in FLSA (Fair Labor Standards Act) lawsuits tied to wage-and-hour disputes since 2004 according to the National Employment Lawyers’ Association. As a federal law, it applies to all companies in all states, including Illinois. Plaintiff attorneys view FLSA lawsuits as promising and lucrative class action suits. Any unpaid ...Read More
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New NLRB Rulings Will Impact Non-Union Businesses

If you are a non-union business, odds are you don’t pay much attention to National Labor Relation Board (NLRB) decisions. But ignoring the NLRB can be costly, even for non-union businesses.  In the past few years many of these decisions have impacted non-union businesses just as much as they have impacted union businesses.  Most of those rulings were significate and created a large burden on employers – forcing them to update Employee Handbooks and company policies to comply with new NLRB tests and standards.    Recently two ...Read More
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