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Minor Leaguers have Ninth Inning Rally, have Chance for Minimum Wage
Philadelphia Phillies prospect Dylan Cozens belted 40 home runs in 2016 to lead all minor leaguers. At season’s end, Cozens accepted Minor League Baseball’s Joe Bauman Home Run Award, and the $8,000 check that came with it ($200 for each round-tripper) by half-joking that the prize was more than he had earned all season with the AA League’s Reading Fightin Phils.
SFBBG Scores Court Victory for Health Club
SFBBG notched a win for Bally Total Fitness Corporation when, following a trial last week in Milwaukee Circuit Court, the Court found Bally not liable for a retinal detachment injury suffered by a member during a Tae Kwon Do sparring class at a Bally health club.
Here’s a case of justice where everyone comes out a winner
Orson Welles, whose film credits include directing Franz Kafka’s “The Trial” and playing the lawyer in “Compulsion” based on Clarence Darrow at the trial of Nathan Leopold and Richard Loeb, famously observed: “Nobody gets justice. People only get good luck or bad luck.”
Roth IRA Conversions Provide Estate Tax Benefits
Question: I would like to reduce my taxable estate but approximately two-thirds of my assets are held in a traditional IRA and the balance is held in cash. Is there any planning I can undertake?
Holidays, schmolidays: Along with the good, things that need improvement
As a holiday column, perhaps this offering is expected to express some gratitude, offer a charitable thought for the less fortunate, reflect on a significant event over the past 12 months or invoke an appropriate religious thought. A widely read column might concisely accomplish all four.
Saving Payroll Taxes in Limited Liability Company Structure
Question: I operate a business as a limited liability company which I am considering converting to an S corporation given the recent increase in the Social Security wage base. I am not certain I want to forego the liability protection I enjoy from limited liability company status but do not want to pay more payroll taxes than I am already paying. Is there a preferable alternative?
Managing Required Plan Distributions
Question: I am approaching age 70 ½ and wish to postpone distributions from my company’s 401(k) plan or, alternatively, minimize my required distributions. What, if anything, can I do?
Federal Judge Rejects U.S. Department of Labor’s New Regulation to Expand Employee Eligibility for Overtime Pay
Employers throughout the country had a little extra to be thankful for this past Thanksgiving. On Tuesday, a federal district court issued a nationwide injunction preventing the U.S. Department of Labor (the “DOL”) from implementing a new federal regulation designed to expand the number of employees eligible for overtime pay under the Fair Labor Standards Act.
The Illinois Freedom to Work Act: New Illinois Law Outlaws Non-Compete Agreements With Low-Wage Employees
Illinois law governing restrictive covenants in employment agreements has undergone a number of changes in the past few years. The latest development is the Illinois Freedom to Work Act, which prohibits employers from entering into non-compete agreements with low-wage employees.
A Court Victory: This is How SFBBG Takes Care of Its Clients
After more than five years of litigation, Firm partner, Norm Finkel, successfully resolved a noteworthy case stemming from the 2008 financial collapse, in which Buffalo Grove-based American Enterprise Bank sought a $60 million recovery against Arnold Becker, its former chairman.