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New Filing Requirements – Corporate Transparency Act

Posted on May 15, 2024 by

The Corporate Transparency Act (CTA) is a recent enactment that mandates increased transparency in entity ownership structures, aiming to combat illicit activities such as money laundering and terrorism financing facilitated by anonymous entities, and has far-reaching implications for entities.  CTA was passed as part of the National Defense Authorization Act for Fiscal Year 2021 but […]

2025 HSA Limits Are Announced

Posted on May 9, 2024 by

On May 9, 2024, the IRS announced the Health Savings Account limits for 2025.  With respect to contribution limits, the limits are higher than the ones for 2024 and the required deductible and out-of-pocket maximums have increased as well.  As a reminder, these inflation adjusted amounts are effective for calendar year 2025. HSA/HDHP Requirement Cost-of-Living […]

Breaking News: FTC Finalizes Nationwide Noncompete Ban

Posted on April 23, 2024 by

Today the Federal Trade Commission (FTC) voted to finalize a new rule to prohibit employers from enforcing noncompetes against employees. Highlights of the new rule include: Employers are prevented from entering into new noncompetes with workers on or after the rule’s effective date, which will be 120 days after the rule is published (which will […]

Breaking News: DOL Issues Final Overtime Rule

Posted on April 23, 2024 by

Today the Department of Labor issued its long-awaited rule raising the fixed salary requirements for employees in the executive, professional, and administrative exemption categories (EAP) and increasing the standard salary level and the total annual compensation requirement for highly compensated employees (HCE). (Note that the State of Wisconsin does not recognize the HCE exemption, so […]

Solar Lease Dynamics: Balancing Risks and Rewards

Posted on March 11, 2024 by

The push for sustainable energy presents farmers with an intriguing opportunity: leasing their land for solar energy projects. These arrangements, known as solar leases (or easements), offer a blend of benefits and risks to farmers. Solar leases offer enticing benefits to farmers, including: Rent payments often far exceed the profitability of traditional farming. Solar leases […]

Navigating Employment Verification Challenges: When to Seek Tailored Legal Advice

Posted on January 25, 2024 by

Federal laws place employers in a challenging position, requiring them to navigate between compliance with laws designed to prevent the employment of persons not eligible to work in the United States and laws punishing discrimination and document abuse. Non-compliance can lead to lawsuits, fines, and potentially even criminal prosecution. While all employers would benefit from […]

Welcome Attorney Sam Moheban

Posted on January 23, 2024

At Ruder Ware, Sam‘s practice focuses on litigation while he expands the firm’s business immigration offerings, including assisting employers with employment verification compliance and their sponsorship of foreign nationals.

Gifting, Inheritance, and Capital Gains Tax: When Should I Give My Kids Their Inheritance?

Posted on January 9, 2024 by

As people begin to think about passing on their assets to the next generation, some consider gifting to their children during their life, rather than passing their assets by inheritance at their death.  Possible motivations for this type of transfer include transferring ownership of a business to a child or the protection of assets in […]

Common Misconceptions About Estate Planning

Posted on December 28, 2023 by

There is a lot of confusion about estate planning. This is understandable. Most people don’t deal with these issues on a regular basis, and planning for what happens when we die or become incapacitated isn’t something most of us like to think or talk about. Common misconceptions about estate planning include: 1. Having a will […]

IRS Releases Mileage Rates for 2024

Posted on December 14, 2023 by

The Internal Revenue Service issued the 2024 optional standard mileage rates today for computing the deductible cost of operating an automobile for business, charitable, medical, or moving purposes.  The most notable change is the slight per mile increase for businesses. Effective January 1, 2024, the optional standard mileage rates for the use of a car […]