As of January 1, 2025, there is an increase to the minimum wage in New York State. Employers must ensure they are paying their employees at least the new minimum wage. The rate varies depending on location, with a higher minimum wage for New York City and surrounding areas. Employers must ensure they are paying…
The Corporate Transparency Act (CTA), designed to increase transparency and combat financial crime, continues to navigate a complex legal landscape. While the U.S. Supreme Court recently (January 23, 2025) reinstated the government’s ability to enforce the CTA, a separate nationwide injunction from another case challenging the law remains in effect, creating uncertainty for businesses. Key…
On April 23, 2024, the Federal Trade Commission (the “FTC“) published a final rule (the “Final Rule“) banning non-compete clauses. Under the Final Rule, most employers will be barred from entering into new agreements containing non-compete clauses and from enforcing certain existing non-compete clauses against their workers. The Final Rule will become effective 120 days…
Effective February 11, 2024, NYS General Law Section 518 lets New York businesses charge a credit card surcharge, BUT only as long as the price, including the surcharge, is posted upfront and doesn’t exceed the fees they pay to credit card companies. Here’s the major points of the new law: No Surcharges: Businesses cannot add…
BUSINESS OWNERS BEWARE – in its ongoing commitment to employee protection, the State of New York consistently introduces new laws that have a significant impact on employers, potentially impeding their companies and exposing them to the risk of fines and penalties for non-compliance. Minimum Wage Increase Effective January 1, 2024, the minimum wage payable to…
Starting January 1, 2024, a significant change in corporate reporting requirements comes into effect with the effective date of the Corporate Transparency Act (CTA). This new legislation mandates that certain types of companies must disclose specific ownership information to the U.S. Department of the Treasury. Failure to comply with these reporting obligations can result in…
A Canadian judge made headlines on June 8, 2023 when he ruled a thumbs-up emoji was a sufficient acceptance in a contract between a farmer and a grain processing cooperative. A cooperative employee texted the farmer a picture of a proposed contract and asked him to confirm the agreement. The farmer texted back with a…
In its ongoing commitment to employee protection, the State of New York consistently introduces new laws that have a significant impact on employers, potentially impeding their companies and exposing them to the risk of fines and penalties for non-compliance. New York Employers with “No Fault” Attendance Policies Subject to Penalties for Disciplining Employees Who Take…
