Companies that are headquartered in the US often want to provide stock options to their international subsidiaries as a way of building loyalty with employees. Luckily, this is possible and may carry tax benefits. We are going to examine the two most commonly-used stock options that may be issued to your employees of foreign subsidiary or parent companies – ISOs and NSOs – and their tax implications.
Preventing employees from working for a competitor is a big challenge for companies. Not only is it tough to lose innovative talent, such moves can put corporate secrets at risk. For this reason, employers often use non-compete clauses as a way of protecting their confidential information. However, non-compete clauses must meet strict requirements in the state of New York to be legally enforceable.
With the advent of the new year, major compliance is required for the manufacturers of cleaning products sold in California. By January 1, 2020, these companies will need to disclose certain ingredient information on their websites
Employers now have more clarity and flexibility about which perks they can include in workers’ “regular rate” of pay, which is used to calculate overtime premiums under the Fair Labor Standards Act (FLSA). The U.S. Department of Labor (DOL) announced a final rule that will take effect Jan. 15, 2020.
The rule marks the first significant update to the regulations governing regular rate requirements under the Fair Labor Standards Act (FLSA) in over 50 years. Here’s how the new law will impact employers.
The festive vibe is just starting to set the perfect atmosphere for a celebration with your office employees but when it is coupled with consumption of alcohol, it may become a potential venue for inappropriate behavior and injuries.
Here is a checklist you can use for hosting your holiday party without liability:
US Citizenship and Immigration Services (USCIS) has announced that it has successfully completed testing of the electronic registration system and will implement this registration process for the fiscal year (FY) 2021 H-1B cap season.
U.S. Citizenship and Immigration Services (USCIS) data shows that since 2016, the overall issuance of Request for Evidence (RFE) notices by USCIS has increased significantly. One of the frequent issues raised in H-1B RFE notices relates to SOC code 15-2031 (Operations Research Analysts), as USCIS has been challenging the position being defined as a specialty occupation.
The state of New York recently amended the New York State Human Rights Law (NYSHRL) on anti-discrimination and harassment laws. The amendment builds on changes made to anti-sexual harassment laws enacted in 2018. The State hopes that in light of these new laws (which came into effect on October 11, 2019), employers will be more vigilant when it comes to keeping their employees safe from discrimination and harassment and amend their policies to facilitate a healthier workspace.
With the H-1B application process becoming too long and overly scrutinized, there’s an alternative to continue employing qualified foreign workers with minimal or no complications. Behold, the TN visa!
This article addresses the recent announcement by the Securities and Exchange Commission (SEC) to modify Exchange Act Rule 14a-8 which is also known as the “shareholder proposal rule.” This is a part of the commission’s ongoing focus on improving the proxy process and the ability of shareholders to exercise their voting rights.
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