The benefits of contracting with independent contractors instead of hiring employees are many: flexibility, no taxes or benefits owed, no overtime, no employment discrimination risk, no onerous employment requirements that keep increasing, no health insurance requirement, etc. But as one recent ...
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Happy Valentine’s Day?
It was my second meeting with the estate planning clients and their advisor. After some initial chit-chat, the couple was ready to discuss the serious questions they needed to answer about estate tax, probate avoidance, distribution, and new guardians, trustees and agents. Before we could turn the ...
More Privacy in the Workplace
Over 150 new laws went into effect in IL on January 1st, and there are some headline grabbers. Among them the new “sin” tax on live entertainment facilities to help fund sexual assault victim organizations, and “Caylee’s Law” (named after Caylee Anthony, whose mother Casey waited a month before ...
The Devil May Be In the Details
After waiting with baited breath for news of the pending fiscal cliff, we all now know the outcome of that melodrama. Well, most of the outcome anyway. As to the lesser-known portion of the affected legislation—changes in the estate tax law—what we don’t yet know could matter to some families as ...
Required Annual Report Scam
In the last few days, I have gotten numerous emails and phone calls from clients asking about a form they received in the mail that appears to be the Annual Report form we file for hundreds of our business clients. The mailing is from Corporate Records Service and requests the business recipient to ...