“Nothing Endures But Change” said the ancient Greek philosopher, Heraclitus, and his prophetic words apply to new Illinois laws impacting employers and employees in 2023. ONE DAY REST IN SEVEN ACT The Illinois One Day Rest In Seven Act (ODRISA) provides employees with a day of rest in each workweek and meal or rest breaks […]
New Year, New Employment Laws in Illinois Read More »
On November 8, Missourians voted “Yes” to approve Constitutional Amendment 3, legalizing recreational use and sale of cannabis throughout the state. Amendment 3 and regulations proposed by the Department of Health and Senior Services (“DHSS”) map out the next few years of Missouri licensing requirements and business regulations. The Amendment went into effect December 8,
Marijuana Amendment 3 Read More »
Summary: The U.S. Department of Labor (DOL) has issued two Final Rules addressing requirements for proper practices with tipped employees and tip pools. Restaurants which take a “tip credit” can expect ongoing legal scrutiny of their tipping practices and procedures by the DOL and private attorneys. Tip Pooling and the Role of Managers and Supervisors
Tips on Rules under the Fair Labor Standards Act Read More »
We are excited to announce that five of our attorneys were again selected as “Super Lawyers” in their respective areas of law. Each year, the top lawyers in Missouri and Kansas are recognized through a multiphase selection process involving peer nomination, independent research, and peer evaluation. Only five percent of attorneys receive recognition as Super
Five Summers Compton Wells Attorneys named “Super Lawyers” Read More »
Congratulations to SCW litigation attorneys James “Jim” Nowogrocki and Francine Eichhorn for obtaining summary judgment in favor of a restaurant client who was sued by two former employees claiming that its tip pool instituted during the COVID-19 pandemic violated the Fair Labor Standards Act (FLSA) as well as state law claims for breach of contract,
The recently passed Inflation Reduction Act of 2022 includes changes to the credit available for electric vehicles. The changes are complex, and phase in over time. If you are in the market for an electric vehicle, we should review the new rules to help you maximize the credit you are allowed. North American assembly requirement.
Changes in the Section 30D Electric Vehicle Credit Read More »
In May 2022, the cryptocurrency exchange Coinbase announced, in an SEC Form 10-Q, that the various cryptocurrencies held on its exchange could be included as property of its bankruptcy estate should it file for bankruptcy protection. Though Coinbase followed up with public announcements attempting to allay fears of its solvency, the announcement sent shockwaves
What Happens if Coinbase Goes Bankrupt? Read More »
The recently introduced Inflation Reduction Act of 2022 addresses the taxation of carried interest. A carried interest (“carry,” “incentive,” “promote”) is a form of compensation received by a partner/fund manager in exchange for investment management services. A carried interest entitles a fund manager to future profits of a partnership, also known as a “profits interest.” Under
Schumer-Manchin Bill Looks to Tighten Carried Interest Loophole Read More »
How you can determine if an activity is a business or a hobby. Most people will never turn a profit from their hobby. However, hobbyists should be aware that if they pursue their hobby to earn income, it may also be a business. Is the activity a business? The most important thing to know when
Tax Tips for Hobbyists Read More »
Based on estimates that nearly one in five U.S. adults – or about 52.9 million people – live with a mental illness, the U.S. Department of Labor (“DOL”) is determined to ensure that obtaining job-protected leave under the Family and Medical Leave Act is not another obstacle to overcome when workers seek the mental health
