ChatGPT Is Changing the Business World What Does That Mean for The Future of Your Business? ChatGPT is a HOT TOPIC as it can research and write things for you. It was developed by research institute OpenAl and was opened for the public to use for free as artificial intelligence...
U.S Court of Appeals Back East Says PTO is NOT Salary In the case of Higgins v Bayada Home Health, the Third Circuit Court of Appeals, a federal court covering Delaware, New Jersey, Eastern/Middle and Eastern Pennsylvania, says paid time off (“PTO”) is not salary for purposes of the Fair...
New Relaxed Covid Isolation Requirements The California Department of Public Health (“CDPH”) revised the COVID guidelines to match the federal Centers for Disease Control and Prevention (“CDC”) recommendations for Isolation and Precautions for People with COVID-19: •Employees can leave isolation after five days if they are feeling well,...
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,...