Highly Compensated Employees Paid Daily Are Entitled To Overtime Breaking News: The Supreme Court ruled today that highly compensated employees are eligible for overtime pay. The Supreme Court ruled in the case of Helix Energy Solutions Group v. Hewitt that because a former employee was paid on a daily basis...
Foreclosures The real estate industry runs in cycles with the economy. With the tight economic times, business owners in a pinch cannot pay their lenders. When borrowers stop paying the secured lender, the lender typically begins the foreclosure process. Foreclosures are heating up across the country. As of November 2022,...
SELL SELL SELL YOUR LA REAL ESTATE BEFORE YOU’RE TAXED MORE APRIL 1, 2023…April Fools Day. Don’t wait until then to close on your transactions. Los Angeles Measure ULA is commonly known as the “mansion tax.”[1] It will impose a new “Homelessness and Housing Solutions Tax” on transfers of residential...
CHAPTER 7 BANKRUPTCY PRE-FILING PLANNING Once a Chapter 7 bankruptcy is filed, all of the assets of the debtor that filed becomes property of the bankruptcy estate. Immediately upon filing, a Chapter 7 the bankruptcy court appoints a bankruptcy Trustee to sell your “nonexempt” assets or those things not protected...
Employers Must Pay Mileage Effective January 1, 2023, the IRS standard mileage reimbursement rate for cars, vans, pickups or panel trucks increased as follows: •65.5 cents per mile driven for business use (up three cents from the 2022 mid-year increase); •22 cents per mile driven for...
AB 257 Fast Food Worker Wage Council On Hold Per Court Order Epps & Coulson, LLP previously reported on the new California bill called FAST Recovery Act, AB 257, which establishes a council to regulate wages and working conditions for more than a million California fast food employees and was...
Companies Invest in Start-Ups to Grow How does a company meet its growth targets? Typically, by internal innovation, strategic acquisition of existing companies, … or investment in future acquisition target start-ups under a company funded venture capital program (“CFVC”). Each has its limitations and benefits, but let’s focus on CFVC,...
Federal Ban on Non-Compete Agreements Coming On January 5, 2023, the Federal Trade Commission proposed a RULE that would essentially ban all employee non-competes, such as restrictive covenants that contractually prohibit an employee from competing against a former employer. The FTC explained that “non-competes constitute an unfair method of competition and...
JOB POSTINGS – PAYSCALE DISCLOSURE Epps & Coulson, LLP previously updated California employers (for 15 or more employees) of the requirement to include pay scale information in job postings. That law went into effect on January 1, 2023. The law did not state whether the pay scale should include expected...
ARBITRATION CLAUSES – ARE THEY ENFORCEABLE? Business owners, employers, vendors, all of us often use or are confronted with an arbitration clause in agreements. Busy judges typically enforce the provision and send disputing parties to arbitration, instead of the courts. But what if an arbitration provision is added to an...