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WBI, Overtime

Employee Overtime Compensation

Did you know that employers may be legally required to pay overtime compensation to employees even if they are paid on a salary basis? There are both federal and state statutes protecting an employee’s right to receive overtime compensation including, the Fair Labor Standards Act (“FLSA”) and the Illinois Minimum Wage Law (“IMWL”). Employers who…

WBI, W2

Employee Classification: W2 Employee vs. 1099 Contractor

Are you an employer with W2 employees and/or 1099 contractors? If so, do you understand the importance of accurately classifying workers as W2 employees vs. 1099 contractors?  There are different tax ramifications to both the employer and the individual as a result of that classification. With W2 employees, you are required to withhold certain taxes…

Website Background Image, Sexual Harassment

Sexual Harassment Prevention Training

Did you know that Illinois law requires all employers with more than 1 employee (regardless of whether they are W2 or 1099 workers) to provide sexual harassment prevention training to all employees each year? Business Law Group ensured that all of its General Counsel Package clients complied with this statutory obligation in 2020 and avoided…

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Paycheck Protection Program (PPP) Loans

Do you own, manage or work for a small business? If so, you should be aware of the Paycheck Protection Program (“PPP”) loans made available by the recent stimulus package. On December 27th, 2020, the President signed the “Consolidated Appropriations Act” (“Act”) into law. Of the $900 billion included in the COVID relief package, $284…