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On October 11, 2023, the Federal Trade Commission (the “FTC”) proposed a new rule to prohibit junk fees. “Junk fees” are understood to mean any (a) hidden fees that are otherwise mandatory but not disclosed to customers upfront before a transaction, typically used in the nature of bait-and-switch tactic or to convey an artificial lower […]
It is not uncommon for business owners to ask newly hired or even existing employees to sign employment agreements. Often times, the employee is so thrilled to accept the job that they do not take the proper time to read or ask questions about language included in the contract. But such contracts often restrict employees […]
June 27, 2022 On June 24, 2022, Governor DeWine signed House Bill 515, providing a needed clarification of the definition of “business income” under Ohio’s income tax law. Clarification of the law became necessary after different readings of the “business income” definition led to disputes between the Ohio Department of Taxation (“Department”) and taxpayers whose […]
April 15, 2022 This client alert is a follow-up to our previous client alert, which can be viewed here. In the face of more employees working remotely due to the ongoing coronavirus pandemic, Ohio enacted a new law governing municipal income tax withholding. Effective January 1, 2022, employers must withhold municipal income taxes where an […]
March 8, 2022 A federal grand jury has indicted seven individuals—including accountants and licensed appraisers—with federal crimes in connection with the individuals’ promotion of syndicated conservation easement transactions. In a syndicated conservation easement transaction, promoters sell ownership interests in land to investors through partnerships, and then grant conservation easements on the land to qualified charitable […]
February 27, 2022 T. Ted Motheral, who leads the Walter | Haverfield Business Services Group, is one of 37 Northeast Ohio attorneys honored by Crain’s Cleveland Business for his legal achievements and experience. Crain’s, the region’s leading business publication, named Motheral in its 2022 Notables in Law feature. Those recognized in the feature are senior-level […]
February 10, 2022 Beginning in 2020, COVID-19 prevented millions of people from leaving their homes and forced employers to create work-from-home policies. The work-from-home policies promoted virtual work environments, as employers adapted their workflows to embrace the new normal. At first, employers considered virtual work environments a temporary solution. But, employees and employers have found […]
October 19, 2021 With M&A activity in the manufacturing sector at a historic high in the first half of 2021, it’s important to look at some of the current and future worldwide trends in this industry that are driving activity and growth and affecting the M&A market. An aging workforce fosters M&A as a major […]
September 27, 2021 New guidance from the Biden Administration states that any business, large or small, that holds a federal contract or subcontract (“covered contractor”) must ensure that all its employees are fully vaccinated against COVID-19 by December 8, 2021. This latest guidance differs from the vaccine mandate that will be forthcoming by the Occupational […]
July 28, 2021 Under certain circumstances, profits from a partnership interest owned by service partners are taxed at capital gain rates versus ordinary income rates. And, according to the Department of the Treasury, activity among large private equity firms and investment funds has increased the breadth and cost of this tax preference—i.e., structuring transactions in […]
May 14, 2021 In response to the coronavirus pandemic, Congress enacted several legislative changes to employee benefits law. The Consolidated Appropriations Act of 2021 (“CAA”) creates temporary special rules for health and dependent care flexible spending accounts, and the American Rescue Plan Act (“ARPA”) provides subsidized COBRA coverage for individuals and families. Flexible Spending Accounts […]
March 17, 2021 On Thursday, March 11, the president signed into law the American Rescue Plan Act of 2021 (the “Act” or “ARPA”). The Act provides funding for education, COVID-19 vaccination and testing, economic injury disaster loans, restaurant grants, expanded paycheck protection program eligibility, and support for struggling live venues. The Act also provides financial […]