The new year brings new changes to employment laws enacted by the legislatures in New York State, New York City and Long Island. The more employers know about their obligations, the less risk of liability they face. The following is a summary of the new rules: New York State Paid Leave Changes This law went…
Earlier this year, New York passed a law requiring all employers to provide annual sexual harassment prevention training to employees as well as comply with other requirements. Although the Department of Labor published guidance for employers on what the training must include, there is still confusion about several key points: Training deadline. The training deadline…
Election day is coming on November 6, and like many states, New York has a voting leave law which imposes certain obligations on employers. Do you know that you may have to give time off to employees to vote? While there is no federal law governing voting leave, New York Election Law § 3-110 provides…
When was the last time you checked your IRA accounts to see who you named as beneficiary? Certain types of accounts and insurance policies, which provide for a beneficiary designation, such as 401(k) plans, IRA accounts, life insurance policies and bank and brokerage accounts are not generally part of your probate estate when you die….
As you are hopefully aware, in April 2018, Governor Cuomo signed into law a comprehensive policy requiring all New York State employers to provide sexual harassment prevention training and a sexual harassment prevention policy to all employees. The Governor tasked the Department of Labor (“DOL”) and Division of Human Rights with promulgating the exact requirements,…
A recent Newsday article reported that a Smithtown body shop had to pay $400,000 to settle federal charges that it failed to properly pay employees overtime. That amount includes $185,000 in back wages, $185,000 in damages and $30,000 in civil penalties. Violations of wage and hour laws carry significant liability (and notoriety) that few businesses…
No one wants to think about what would happen if they or a family member suddenly became ill or was seriously injured. Unfortunately, when we don’t plan for such possibilities, it can cost us in terms of loss of control over medical decisions, added stress and significant financial and legal problems. There are 3 important…
Employers often struggle with finding the balance between reprimanding employees for poor behavior and ensuring loyalty and motivation. Push them too hard and they quit, or their performance and attitude worsen. Be too lenient and they take advantage and repeat poor behavior. Either may have a negative effect on the morale and attitude of the…
You decided to buy or sell a business and found an interested party. Prior to entering into a contract, both of you need to share more information, so you can decide whether and how to move forward. There are 2 essential documents necessary to protect your discussions. Nondisclosure Agreement Before a seller undertakes any detailed…
Employers are subject to a wide array of federal, state and local laws, all of which carry stiff penalties and potential liability for noncompliance. It can be especially hard for small and mid-size businesses to keep up. Common mistakes that can get employers into trouble include: Not keeping up to date on employment law changes….
The New York State legislature, in concert with Governor Cuomo, has recently agreed to new measures that radically change employer requirements relative to sexual harassment policies, training and the resolution of sexual harassment claims. Employers need to be aware of these new measures, as they will affect all New York State employers, and the penalties…
For those thinking about selling investment property, the time may be right to take advantage of tax-deferred exchanges. Thanks to §1031 of the Internal Revenue Code, a properly structured transaction will allow an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gains taxes. Such a…
