Opportunity Zones offer tax breaks

an empty room with damaged floor and ceiling

For a limited time, investors can help reinvigorate distressed communities while deferring capital gains on profits earned elsewhere. The 2017 Tax Cuts and Jobs Act created the Qualified Opportunity Zone program in order to offer tax incentives for investment in economically blighted communities. When you invest in an Opportunity Zone, you can defer and possibly … Read more

Beware the careless employee review

employee review

Annual or semi-annual employee reviews can be helpful in documenting worker issues to justify actions you might take, and in protecting yourself against potential lawsuits by disgruntled workers. They also can help your workforce identify ways to improve its productivity and professionalism. But if you go about the review process the wrong way, you may … Read more

Legal pitfalls of crowdfunding campaigns

You have the next big idea and need some cash to make it happen. Crowdfunding campaigns, such as Kickstarter and IndieGoGo, can be effective ways to get a boost, offering contributors a reward in exchange for a financial contribution to the future of your business. Before you jump in, it’s important to be aware that … Read more

Landmark decision allows suits against companies for collecting biometric data

fingerprint on keyboard

In a ruling that’s expected to have widespread implications, the Illinois Supreme Court has held that consumers can sue companies for collecting biometric data, including facial scans or fingerprints, if the companies fail to disclose how the information will be used. The court unanimously said companies that gather people’s data improperly could be held liable … Read more

OSHA revises electronic record-keeping rule; Labor groups file suit

Photo of records room

The Occupational Safety and Health Administration (OSHA) has eliminated the requirement that employers electronically submit Forms 300 (Log of Work-Related Injuries and Illnesses) and 301 (Injury and Illness Incident Report). OSHA published the revised rules in the Federal Register at the end of January. The rule still requires certain employers to submit Form 300A electronically … Read more