Whether you are a small or large employer, you now have to have a Whistleblower Policy. Under Section 715-b of New York’s Not-for-Profit Corporation Law (“N-PCL”), only organizations with 20 or more employees and over $1 million in revenue needed to have a whistleblower policy. That is no longer the case.
As we have previously mentioned, the tax landscape is dynamic and can change based on the votes of just one or two individuals in Congress. And that is exactly what just happened, for now. On December 19, Senator Joe Manchin announced his intent to vote against the current version of President Joe Biden’s Build Back Better Act and its $1.5 trillion package of proposed tax increases.
It has been a long and tumultuous year. The economy, country and world continue to regain their footing as the waves of the coronavirus pandemic, including the new omicron variant, hopefully subside. Adding to these challenges is Congress and its inability to agree on long-discussed tax legislation. As we enter the holiday season after another challenging year, we hope that you, your family and all of your loved ones are safe and healthy and can find some light in this season.
On Jan. 27, 2023, the California Attorney General announced his office is investigating and sending letters to businesses in the retail, travel, and food industries with popular mobile apps that allegedly are not in compliance with the California Consumer Privacy Act (CCPA) by failing to offer a consumer opt-out mechanism for sales, or honor rights requests submitted via authorized agents.
In 2022, New York State and New York City enacted many new workplace laws, creating additional obligations for employers.
While ransomware attacks have been on the rise since 2020, a recent trend has emerged where threat actors are bypassing ransomware malware and encryption tactics and going straight to data theft.
On January 13, 2023, the Internal Revenue Service (IRS) released a Chief Counsel Advice Memorandum (CCA 202302011) concluding that taxpayers cannot claim a deduction for cryptocurrency losses that have, absent a sale or other taxable disposition, substantially declined in value if such cryptocurrency continues to trade on at least one cryptocurrency exchange and has a value that is greater than zero.
Six of the seven Medicare Administrative Contractors (MACs) are scheduled to jointly host a multijurisdictional contractor advisory committee (CAC) meeting on February 28, 2023.
The District of Columbia Council has postponed the first effective date of voter Initiative 82, the “Tip Credit Elimination Act,” from January 1, 2023, to May 1, 2023.
From changing regulatory to employment issues, get practice advisories designed just for In-House Counsel. Subscribe for free.Subscribe Now
Unlock even more great content and insights by subscribing now. It's Free!Sign Up
Already have an account? Sign In.