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Illinois now requires Long-Term Temps to be paid like Employees
Long-Term Temps to be Paid Like Employees Both Illinois employers that contract with temporary labor service agencies, and those agencies themselves that do business in the state, should review...
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Employer Paying for Employees’ Transit Costs?
Transit Benefits Required for Illinois Employers Another wrinkle for employers in the Chicago area. Businesses located in the six-county Chicago area near public transit routes operated by the Regional...
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When Partner Leaves Partnership, What are the Tax Implications?
Tax Implications When Leaving a Partnership When a partner leaves a business, the resulting transaction can take the form of a payment to the retiring partner to redeem his or her share of the...
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Chicago Employers Required to Give 10 Days Paid Leave—Starting in Six Weeks
Starting on January 1, 2024, most employers in the will be required to provide five days of paid leave for any reason. Thanks to an City Council ordinance passed earlier this month by a 36-12 vote,...
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Estate Planning Insights: The Widespread Impact of Wills
Did you know that according to recent statistics, a significant percentage of adults still don’t have a will in place? Here’s a glimpse into the current state of estate planning: 1. Widespread Gap:...
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Beware the Cryptocurrency Exchange Account
Looking for a reason not to use a cryptocurrency exchange account? If you are looking for a reason to use a cryptocurreny exchange account, you may now have a reason not to use one…..or at least check...
View ArticleGoing Through a Divorce? Don’t Forget to Disinherit Your Soon-to-be Ex
For parents going through a divorce, the right-now priority is to retain matrimonial attorneys to negotiate or litigate a plan to divide up assets, determine alimony and child support payments, and...
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Employee or Freelancer? New Rules for Independent Contractors
Employee or Freelancer? Is a person who works for your business financially dependent on you, or can they potentially independently profit based on their skill set? Will they be part of your company...
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Corporate Transparency Act struck down as unconstitutional
Corporate Transparency Act While Congress might have had worthwhile purposes in passing the Corporate Transparency Act, a section of the 2021 National Defense Authorization Act, it’s nonetheless...
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Real Estate Brokers’ Commissions Upended by Recent Settlement
Antitrust LawsuitNational Association of Realtors Decades-old norms regarding Realtor commissions and other policies surrounding home buying and selling have been swept away by the March 15 court...
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