Resources
Stay in the know of company and industry updates, accomplishments and more!
Tax Planning with Stock Issued to Employees
Question: I recently accepted a job with a startup company and was given shares of company stock at no cost to me in which I will vest over a period of years. Do I have to pay tax on the shares I receive?
2020 Ushered in Significant and Far-Reaching Changes to Illinois’ Employment Laws: Is Your Business in Compliance?
On January 1, 2020, Illinois enacted a series of new employment laws and expanded existing laws which significantly impact every employer and employee in the state of Illinois. What follows is a brief overview of the changes to Illinois’ employment laws and the new obligations they impose on Illinois employers.
Illinois Department of Human Rights Issues New Guidance Regarding Employer Mandatory Sexual Harassment Training Requirements
Among the sweeping changes to Illinois’ employment law framework, arguably none is as far-reaching or consequential to Illinois employers than the recently enacted amendments to the Illinois Human Rights Act, which now require every Illinois employer to provide annual mandatory sexual harassment prevention training for all employees, beginning this year.
Why Justices Declined Review of Scientist’s Defamation Case
On Nov. 25, 2019, the U.S. Supreme Court denied petitions for writs of certiorari seeking review of a U.S. Court of Appeals for the District of Columbia Circuit decision, allowing climate scientist Michael Mann’s defamation case to proceed against the National Review, the Competitive Enterprise Institute and two individuals.
Tax Planning with Appreciated Assets
Question: I own a stock portfolio which has appreciated significantly in value over the years. Can I transfer the portfolio to my aged mother and have her transfer it back to me upon her death so I can benefit from a step-up in basis when she dies?
Continuing Post-Termination Salary as Deferred Compensation
Question: I am planning to retire and give stock in my business to my children in the next few years. While I am not expecting any payments in return, I want to continue my salary following my retirement. Can the business continue to pay salary to me after I retire?
Firm Move Announced for 2020
In September 2020, SFBBG will relocate its offices for the first time since the early 1970s. SFBBG just...
Lawmakers target meat substitutes and labeling
Allegedly concerned with “confusing” the public, certain states and the federal government have proposed or enacted legislation requiring meatless...
SFBBG Celebrates the “Beauty” of a Big Case Win
SFBBG prevailed on a fraud claim in the U.S. District Court for the Northern District of Illinois. On behalf of a leading distributor of beauty...
Minimizing investment losses on required minimum distributions
Question: I have funds in a Roth IRA, a traditional IRA and my employer’s 401(k) plan. Is there a way to avoid selling retirement account assets at...