At the end of last year, President Biden signed the Consolidated Appropriations Act for 2023, which included new legal protections for pregnant and nursing workers, aptly named the Providing Urgent Maternal Protections for Nursing Mothers Act (“PUMP” Act) and the Pregnant Workers Fairness Act (“PWFA”). While many employers are aware of these new laws, they... Read more »
Why You Should Dissolve Your Unused Corporation All good things must eventually come to end. This is true in all facets of life, and the life of your Ohio corporation is no different. Although corporations can exist into perpetuity in Ohio, there are times when your corporation may cease to serve any purpose, such as... Read more »
Employee Retention: The Role of Non-Qualified Deferred Compensation Plans Many employers are struggling with employee hiring and retention. When it comes to employee retention, competition is fierce, and a good portion of the workforce are employees that are willing to move jobs, often for far less in wage increases or benefit advantages than in past... Read more »
Will Your A-B Trust Leave Your Family Paying More In Capital Gain Tax? An A-B Trust, also known as a Credit Shelter Trust or Bypass Trust, is a very popular type of trust that can be drafted in a number of different ways. The goal of this type of trust is to “shelter” a particular... Read more »
IRAs in Payout Status Are Exempt Assets For many retired individuals and couples, retirement accounts comprise some of their most valued assets, often eclipsing even the house. Historically in Ohio, IRAs have been counted as an available resource for Medicaid eligibility purposes. What this means, is, assets in an IRA were viewed by the local... Read more »
Know the Legal Implications of Employee Overtime Pay and Bonuses With the labor market becoming more competitive every day amidst the “Great Resignation”, finding and retaining top talent has never been more important. Many employers have turned to creative benefits in order to do so, such as paying out regular bonuses and incentivizing attendance. While... Read more »
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