The Illinois Freedom to Work Act (“Act”) became effective on January 1, 2022. The Act prohibits employers from entering into covenants not to compete and covenants not to solicit with certain types of employees. Specifically, an employer cannot enter into
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Latest from UB Greensfelder LLP - Page 6
EEOC updates workplace poster on employee rights
By Scott Cruz
The U.S. Equal Employment Opportunity Commission (EEOC) recently issued a new poster titled “Know Your Rights: Workplace Discrimination is Illegal” that all covered employers are required to display in the workplace.
This updates and replaces the EEOC’s previous “Equal Employment Opportunity…
New Missouri law cuts state income tax, with further reductions possible
Missouri Gov. Mike Parson recently signed into law legislation that reduces the state’s individual income tax rate. The law, signed on Oct. 5, 2022, and effective for the 2023 calendar year, reduces the top individual income tax rate from 5.2…
Time Never Matters To Regulators, Until It Does
As the song goes, time keeps on slipping, slipping, slipping into the future. While Steve Miller may not have had FINRA and the SEC in mind when he wrote that lyric, the shoe certainly fits. Because here’s the thing about…
Horse – by Geraldine Brooks
“Horse” is a work of historical fiction about horses, race, wealth and art. The novel focuses on a historic racehorse, Lexington. The story spans three different time periods and ties together disparate people and incidents.
The novel begins with Theo…
New Amendments to California Franchise Laws
New amendments to California franchising law broaden its regulations on franchisors. California Assembly Bill 676, signed by Governor Newsom on September 29, 2022, amends the California Franchise Relations Act (“CFRA”) and the California Franchise Investment Law (“CFIL”), which apply to…
Keeping It in the Family: Planning for the Vacation Home
Many reconnect with their family during their vacations. Your family may own a home on the beach, in the mountains, or in the country where multiple generations gather each year. The home may have been in your family for generations,…
Inflation Leading to Higher Than Normal Increases in Gift Tax Annual Exclusion, Lifetime Exemption for 2023
Wolters Kluwer and Bloomberg Tax have released projected 2023 figures for the gift tax annual exclusion amount as well as the estate and gift tax lifetime exemption amount. These figures were determined using formulas contained in the Internal Revenue Code.…
Tax Relief for Missouri Storm, Flooding Victims
Because of storms and flooding in the St. Louis area over the summer, the IRS recognized the city of St. Louis and Montgomery, St. Charles, and St. Louis counties in Missouri as a disaster area. As a result, taxpayers in…
So You Received A Rule 4111 Letter From FINRA Informing You That You’re Presumptively A “Restricted Firm.” Now What??
It’s always exciting to watch something that you just know will be deemed by later generations to be an historic event. I mean, I distinctly remember watching Neil Armstrong on TV taking his first steps on the moon, or the…