Man Caves and She Sheds Meet Mini-Storage…It’s a Thing
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PA Law will Build on Construction Employers’ Duty to Verify Work Authorization
Effective October 6, 2020, Pennsylvania’s Construction Industry Employee Verification Act will require the use of the E-Verify system for all construction industry employers.
The Act defines the construction industry as those who engage in the erection, reconstruction, demolition, alteration, modification, custom fabrication, building, assembling, site preparation and repair work or maintenance work done on real property or premises under a contract, including work for a public body or paid for from public funds. The Act…
Get Ready: Significant Changes to Pennsylvania’s White-Collar Overtime Exemptions Are Almost Here
More than a year ago, in June 2018, the Pennsylvania Department of Labor and Industry (DLI) proposed new regulations under the Pennsylvania Minimum Wage Act (PMWA) that would increase significantly the minimum salary requirement for the white-collar overtime exemptions under this law.
The PMWA is the state-law equivalent of the federal Fair Labor Standards Act (FLSA). The PMWA and FLSA both place minimum wage and overtime pay obligations for Pennsylvania employers. While the laws’ requirements…
IRS Finalizes Hardship Withdrawal Regulations
Not all 401(K) and other qualified plans allow hardship withdrawals, but if your plan does allow hardship withdrawals, make sure it is compliant with the new rules finalized in September. All of the changes are optional for a qualified retirement plan’s 2019 Plan year. Operational compliance must begin January 1, 2020. Key changes outlined in the regulations include:
In the past, participants were required to suspend deferrals to his/her 401(k) if he/she took a hardship…
M&A Transaction Planning with Economic Troubles on the Horizon
An ever growing number of U.S. economists have forecasted an economic downturn in the coming year. With vehicle sales creeping down for 2019, many dealers are starting to feel the bind. Economists and accountants are predicting mergers and acquisitions activity (“buy/sells”) to remain slow through year end and into 2020. While periods of financial turmoil are particularly difficult in industries providing durable and luxury goods, adding on to the thin margins seen by auto dealers…
A Hyperloop in Pennsylvania: More Than Just a Futuristic Notion?
PEDF v. Commonwealth Redux: The Commonwealth Court Weighs In
Pennsylvania Department of Revenue Issues Corporate Tax Bulletin 2019-4 on Nexus for Corporate Net Income Tax Purposes
On September 30, 2019, the Pennsylvania Department of Revenue issued Corporation Tax Bulletin 2019-4 giving guidance on nexus for Corporate Net Income Tax purposes (“Bulletin”).
The Bulletin recites constitutional underpinnings of nexus, noting that the federal underpinnings of a state’s jurisdiction to tax is based on both the Due Process and the Commerce Clauses of the United States Constitution. A state’s jurisdiction to tax under the Due Process Clause “requires some definite link, some minimum…
Zoning, With A Little Help From Your Friends
It’s Here! DOL Issues Final Rule Increasing The Minimum Salary Requirements For The FLSA Overtime Regulations
On September 24, the U.S. Department of Labor released its final rule changing the minimum salary requirements for the Fair Labor Standards Act’s “white-collar” overtime exemption regulations. As you may recall, the DOL issued a proposed rule in March 2019 that included increases to the minimum salary requirements and invited public comments. This process came after the DOL’s ultimately unsuccessful attempt to more than double the same minimum salary requirements near the end of the…