With the release of New York's Consolidated Funding Application, Governor Cuomo's economic development strategies are being implemented. Municipalities, businesses and not-for-profit organizations are faced with the task of…more
The new “Wage Theft Prevention Act” provides a major overhaul to the New York Labor Law by toughening penalties for employers that breach the Labor Law, and by expanding anti-retaliation protections for employees. The changes…more
Employers in the hospitality and restaurant industries need to review and modify their current wage and hour policies on a host of issues covered in the New York State Department of Labor’s latest Wage Order. The Wage Order…more
The Small Business Jobs Act of 2010 added new reporting requirements relating to rental property expenses. Pursuant to Section 6041(a) of the Internal Revenue Code, all persons engaged in a trade or business are required to…more
The Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART) amended the Internal Revenue Code to provide tax benefits and other benefits for military personnel. Employers were not required to formally amend retirement plan…more
The Small Business Jobs Act includes many tax incentives
that are effective immediately, such as bonus depreciation for 2010, enhanced Code Sec.179 expensing for 2010 and 2011, deductions for self-employed taxpayers for the…more
The IRS has issued a one year reprieve granting relief to employers from the reporting the value of employer-sponsored health coverage on each employee’s annual W-2 beginning in 2011…more
Earlier this year, the Internal Revenue Service (IRS) initiated a project to survey the level of 401(k) plan compliance with tax laws and regulations. As part of the project, the IRS sent a comprehensive questionnaire to a…more
As of September 12, 2010, New York statutory powers of attorney must comply with the amended Article 5, Title 15 of the General Obligations Law. These 2010 amendments were drafted to clarify the previous amendments to the law…more
Employee theft of confidential and proprietary information is pervasive. Two-thirds of the admitted thieves acknowledged that they did so in order to assist them in new jobs. The cost of this thievery can be staggering for many…more
This Alert highlights important changes will take effect substantially altering the rights and responsibilities of divorcing couples in New York State. It points out issues that recent media reports did not cover as the law was…more
This alert contains information regarding the schedule for 2009 Business Annual Reports (BAR) and 2008 BARs for business enterprises who are successful in appealing decertification to the Empire Zone Designation Board.
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Earlier this week the Governor released a “fact sheet” for a proposal to generate $620M in “additional savings actions” (gap fillers) designed to supplement the Governor’s Executive Budget. One of the proposed “gap fillers”…more
Trucking industry employees are encouraged to report non-compliance with safety regulations governing commercial motor vehicles, thanks to the Service Transportation Assistance Act (“STAA”). Although the law was originally…more
Increasingly, individuals faced with the prospect of seeking an orderly and fair dissolution of their marriage are beginning to consider non-traditional methods to resolve disputes and complete the divorce process. It is…more
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