New Reporting Requirements Under the Corporate Transparency Act and the New York LLC Transparency Act
Effective January 1, 2024, the Corporate Transparency Act (the “CTA”) requires every corporation, LLC, or other entity created by the filing of a document with a Secretary of State to file a report disclosing information regarding its beneficial owners to the Treasury Department’s Financial Crimes Enforcement Network (“FinCEN”). Those businesses created in the United States […]
New York City Amends Earned Safe and Sick Time Act to Allow a Private Right of Action
The New York City Council recently amended the New York City Earned Safe and Sick Time Act (“ESSTA”), to create a private right of action for employees claiming violations of ESSTA. Employees will have two years from the date they first knew or should have known about the alleged violation to file a lawsuit. The […]
New York State COVID-19 Paid Leave Law Remains in Effect
As we are all aware, New York State issued an order implementing the New York State COVID-19 Leave Law, providing job-protected leave for employees who are subject to a mandatory or precautionary order of quarantine or isolation due to COVID-19. While the pandemic seems like a thing of the past, the New York State COVID-19 […]
New York City Enacts Legislation Requiring Notice and Posting of Workers’ Bill of Rights
Beginning July 1, 2024, New York City employers will be required to post and distribute a Workers’ Bill of Rights which would contain information on the rights and protections under federal, state, and local laws that apply to all workers in the City, regardless of immigration status. The Department of Consumer and Worker Protection (DCWP), […]
New York State Increases Salary Thresholds for Minimum Wage and Overtime Exemptions for Executive or Administrative Employees
Effective January 1, 2024, the New York State salary threshold for exempt executive and administrative employees is as follows: New York City, Westchester, Nassau and Suffolk Counties $1,200.00/week ($62,400.00/year) The Rest of New York State $1,124.20/week ($58,458.40/year) Employers will have to increase the salary of executive and administrative employees accordingly to continue to treat them […]
New York State Paid Family Leave Updates for 2024
As you are aware, New York State Paid Family Leave was implemented in 2018 and provides eligible employees with up to 12 weeks of job protected, paid time off to bond with a new child, care for a family member with a serious health condition, or to assist loved ones when a family member is […]