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CTA Update (2/19/25) – CTA Reporting Requirements are Back On Again!
February 19, 2025 By Timothy R. Hughes, R. Douglas Taylor, Jr. | Business Insights
They’re back! FinCEN Beneficial ownership information reporting (BOIR) requirements under the Corporate Transparency Act (CTA) are once again back in effect. The catalyst in this very long-running back-and-forth was the February 18, 2025, decision of the U.S. District Court for the Eastern District Court of Texas, in Smith, et al. v. U.S. Department of the Treasury, lifting its January 7, 2025, order that had put a nationwide hold on BOIR requirements. The February 18 order will remain in effect while the case is on appeal for a decision by the U.S. Court of Appeals for the Fifth Circuit.
Read More...Cybersecurity and Remote Work: Protecting Employee and Company Data
Remote work has become a fixture in the modern workplace, offering employees flexibility while allowing companies to attract top talent regardless of location. However, this shift can come with heightened cybersecurity risks, exposing both employers and employees to potential data breaches, cyberattacks, and legal liabilities. Employers must balance cybersecurity measures with employee privacy rights while complying with federal and state data protection laws.
Read More...The Four-Day Workweek: Legal Considerations Every Employer Must Know
The four-day workweek is gaining traction as companies seek more ways to enhance business productivity, improve employee satisfaction, and attract top talent. Across various industries, companies are exploring the feasibility of condensing work hours, without reducing employee pay. However, before implementing a four-day workweek, employers should carefully consider the legal implications to ensure continued compliance with wage and hour laws, overtime calculations, employee benefits, and workplace policies.
Read More...What Employers Should Know – and Do – If Immigration Enforcement Agents Pay a Visit to Your Workplace
A day after being sworn into office as president, Donald Trump began to issue executive orders aimed at implementing his campaign promise to take decisive actions on immigration enforcement. One major change is the administration’s rescission of a longstanding policy that limited federal immigration enforcement activities in particularly sensitive locations, such as churches, schools, and hospitals.
Read More...CTA Update – The Supreme Court Lifted the CTA Injunction, but for Now CTA Reporting is Still Not Required
In the longest running game of legal pong in years in the United States, the Supreme Court entered the fray in the battle over enforceability of the Corporate Transparency Act (CTA) requirements on disclosure of ownership with FinCEN. On January 23, 2025, the Supreme Court issued a stay of the trial court’s nationwide preliminary injunction in the case of Texas Top Cop Shop, Inc. v. McHenry.
Read More...Smart Contracts in Construction: The Future of Deal-Making and Dispute Resolution
The construction industry is no stranger to conflicts, from delayed payments to disputes over terms and conditions. However, the rise of smart contracts, powered by blockchain technology, is transforming how deals are made, and disputes are resolved. These self-executing contracts offer transparency, efficiency, and a significant reduction in administrative headaches. But what exactly are smart contracts, and how can they revolutionize construction projects?
Read More...Trump Signs Executive Order to Create Schedule F; NTEU Sues to Block It
Among the campaign promises made by Donald Trump in the run up to the 2024 presidential election was to radically restructure the federal workforce, in part, by taking away civil service protections from thousands of workers. It did not take Trump long to make good on that promise. On January 20, 2025, shortly after being sworn into office, one of his first acts as president was to issue an executive order titled “Restoring Accountability to Policy-Influencing Positions Within the Federal Workforce,” (2025 Executive Order) that attempts to strip civil service and due process protections from a large swath of federal employees.
Read More...What Employers Need to Know about the Virginia Minimum Wage Increase in 2025
Effective January 1, 2025, the Virginia state minimum wage increased by 3.4%, rising from $12.00 to $12.41 per hour. While this adjustment may seem modest, it represents a significant bump for employers navigating labor costs in a state where minimum wage changes are tied to the Consumer Price Index (CPI). The 2025 increase keeps Virginia in step with the thirty other states and the District of Columbia that have minimum wage rates higher than the federal minimum of $7.25 per hour.
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