The state and federal discrimination laws prohibiting unequal treatment based on protected categories, such as age, race, sex etc., apply only to employees, and thus not to owners, members or partners of a business. However, in several cases across the country involving law firms, this precept has become much more complicated as courts have begun to consider what type of owner or partner a person is before deciding whether he/she should be covered by the broad definition of employee within the discrimination laws.
President Trump signed the Tax Cuts and Jobs Act of 2017 (the Act) into law on December 22, 2017, extensively modifying U.S. taxation laws for individuals and business. Among other things, the Act increases the applicable exclusion amount of the Federal estate, gift and generation skipping transfer tax from $5 million per individual, indexed annually for inflation, to $10 million in 2018 (the inflation adjusted exemption amount is expected to be approximately $11.2 million or $22.4 million for married couples).
Recently, we’ve been warning employers that in order to have a legally compliant unpaid internship available, certain specific conditions had to be met. If those conditions were not met, employers ran the risk of facing liability for unpaid wages for someone they classified as an unpaid intern. The factors that have been in place until this month are as follows:
The Tax Cuts and Jobs Act, which President Donald Trump signed into law on December 22, 2017, represents the most significant change to the U.S. Tax Code in more than three decades. Among the changes is an increase of the federal estate, gift and generation-skipping transfer tax exemption limits for the years 2018 through 2025.
In another pro-business move from the Trump Administration, the United States Department of Labor announced last summer that it would resume issuing opinion letters offering interpretive guidance under the Fair Labor Standards Act, a practice that had been suspended during the Obama administration.
As we enter the new year, the number of Americans who rely on electronic devices and online accounts in their everyday life has never been higher, and it continues to rise! Many of us own assets that exist only in electronic form or are stored on electronic devices, including online banking accounts and social media accounts. Consequently, we have to ask ourselves - what happens if we can’t access our accounts because we are incapacitated, or if we die?
We are a week or so into the Paid Family Leave era in New York, and several questions have popped up frequently from clients, including:
On December 22, 2017, President Trump signed into law a tax bill with sweeping legislative tax reform. The 2017 Tax Bill doubles the federal estate and gift tax exemption for estates of decedents dying and gifts made after Dec. 31, 2017, and before Jan. 1, 2026. For 2018, the federal exemption amount per individual will be $11.2 million. Conversely, the 2018 New York exemption amount per individual will be only $5,250,000.
A group of bipartisan lawmakers has introduced a bill, Ending Forced Arbitration of Sexual Harassment Act of 2017, that would make it illegal for companies to enforce contractual terms that force employees to arbitrate their sexual harassment or gender discrimination claims rather than take such claims to court. Advocates of the bill say forced arbitration only protects the bad actor rather than the victim. The arbitration process usually allows the employer and the bad actor to keep the harassment or discrimination much more private than is possible in a court case.
On December 22, 2017, President Trump signed into law a tax bill with sweeping legislative tax reform, with one such change limiting the deduction for property and all other state and local taxes to a maximum of $10,000.