Daniel N. Janich
Holifield Janich & Associates PLLC

20 North Wacker Drive
Suite 4200
Chicago, IL 60606, United States
Phone: 312-332-4222
Fax: 865.566.0119
Areas of Practice
  • Labor & Employment Law
  • Taxation

S Corporation Owner-Employees Must Report "Reasonable Compensation" for Personal Services or Face Significant Tax Penalties

S corporation shareholder employees who are providing personal services to their company must pay themselves wages and report taxable income on the amount received. How much compensation is "reasonable" under the factual…more

When Was The Last Time You Updated Your Employee Handbook? The Time Is Now

This blog post reviews several new legal developments that make it imperative for an employer to update its employee handbook now if it wants to avoid significant potential liabilities and adverse consequences. How an employer…more

When Was The Last Time You Updated Your Employee Handbook? The Time Is Now

This blog post discusses recent court decisions, legislation and government agency pronouncements that impact the content of an employer's employee handbook. The post also provides employers with recommendations on steps that…more

Is Your Noncompete Enforceable?

Written from the employee's perspective, this article addresses the dilemma many employees face when seeking employment elsewhere, perhaps with a current or former employer's competitor, after realizing that he or she had signed…more

You Received a Pink Slip and Separation Agreement--Now What?

An employment termination is never easy for the employee involved. Aside from the trauma and stress usually involved, a termination may also be accompanied by confusion precisely at a time when clear thinking and decision…more

Employers Beware: How Do You Protect Against The Significant Legal Risks Posed By The Use Of Contingent Workers?

This article discusses who is a "contingent worker," the risks posed to an employer's pension and benefit plans, and how a plan sponsor may minimize such risk when such workers are hired. The article includes a handy checklist…more
 /  Labor & Employment Law

Employers Beware: How Do You Protect Against The Significant Legal Risks Posed By The Use Of Contingent Workers?

This article discusses the use of contingent workers, such as independent contractors, leased employees, as well as temporary or seasonal workers, and the legal risks their hire may pose to employers who sponsor pension and…more
 /  Labor & Employment Law, Taxation

Employers Must Act Immediately To Comply With New COBRA Subsidy and Disclosure Rules

The recently enacted American Recovery and Reinvestment Act of 2009 created new COBRA subsidy and disclosure rules for employers. This newsletter provides employers with a full understanding of their new responsibilities and…more
 /  Labor & Employment Law, Taxation

Q&A on 409A: Compliance for Deferred Compensation Plans and Agreements

This newsletter provides a succinct summary of what employers must do to comply with Section 409A's documentary requirements before December 31, 2008. Background information on 409A's substantive requirements is included…more
 /  Labor & Employment Law

Equity Interests in Limited Liability Corporations

This article addresses the equity interests that may be offered to employees of a limited liability corporation. It also discusses the income tax ramifications of these awards…more
 /  Labor & Employment Law, Taxation

Securities Law Considerations

This article discusses the securities issues with which a closely held company should be concerned when considering the issuance of equity compensation or design of an equity compensation program…more
 /  Securities Law

IRS Focuses Upon Your Part-Time Staff

This newsletter discusses IRS bulletin announcing decision to challenge at determination letter stage language that defines part-time, seasonal or temporary employees by reference to their period of service for purposes of…more
 /  Labor & Employment Law

Underwater Stock Options and Repricing Strategy

This article updates the discussion of repricing strategy in Underwater Stock Options and Repricing Strategy: Is Your Company Drowning in Confusion? and examines the impact of changes to the accounting rules under FAS 123(R)and…more
 /  Labor & Employment Law

Retirement Plan Compliance With The New Automatic Rollover Rules: What Are The Alternatives?

This newsletter discusses the new automatic rollover rules for mandatory cash outs in qualified retirement plans and the plan design options available to a plan sponsor…more
 /  Labor & Employment Law

When Remarriage Muddies the Waters: QDRO's & Surviving Spouse Protection

This article examines the potential consequences arising from a failure to designate a former spouse as the surviving spouse in a Qualified Domestic Relations Order (QDRO). The article, which appeared in the ABA Family Advocate…more
 /  Family Law, Wills, Trusts, & Estate Planning
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