In late December 2023, the IRS announced its Voluntary Disclosure Program for employers who claimed and received an employee retention tax credit (“ERC”) refund, but were not eligible. The IRS’s Voluntary Disclosure Program follows its announcement in October 2023 that it would allow employers with submitted—but not yet paid—ERC claims […]
Publications
Review of California’s 2023 Legislative Session and New Employment Laws for 2024
California’s 2023 legislative session concluded at the end of September, and Governor Newsom approved a number of employment-related bills, many of which impose new obligations on California employers starting on January 1, 2024. California employers, including out-of-state companies with California employees, should take steps to become familiar with the new […]
Nebraska Legislature Considers 87 Bills Impacting Agriculture, the Environment, Natural Resources, and Regulated Substances
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. Forty-seven legislative days remain in the session as of January 22, 2024. The Legislature will adjourn sine die on April 18. Because this is the Second Regular Session, bills that did not pass last Session carry […]
Summaries from Days 6-10 of Nebraska Bill Introduction
The Second Regular Session of the 108th Nebraska Legislature convened on January 3, 2024. As of January 17, the period to introduce new legislation for this session has closed. As of the publishing of this article, forty-eight (48) legislative days remain in the session. Through the first five days of bill introduction, […]
CFPB Proposes Rule on Overdraft Services Offered by Large Banks and Credit Unions
On January 17, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a long awaited rule that, if adopted, will significantly impact how overdraft services are offered by (large) banks and credit unions today. The proposal requires large financial institutions – banks and credit unions with more than $10 billion in […]