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August’s Calendar of Chicago’s Business Technology Events August 1, 2011

Posted by Arieh M. Flemenbaum in Banking/Financial, Biz IT, Blog, Business, Business best practices, business check-up, Business Law, Business loans, Business philosophy, business planning, Business Start-ups, Business succession - exit, Business tax, Business Tech, Business Technology, Chicago Business, Corporate governance, e-commerce, Employer issues, Employment, Employment Benefits, Facebook, Information security, Insurance, Intellectual Property, Law, Legal Information, legal services, Licensing, Limited liability company, Marketing, On the Web, Online Communities, SBA loans, taxes, tech, Top 5 Business Tips, Twitter, Uncategorized, work life balance.
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For a comprehensive listing of business technology events around the Chicago area by date and group, see TechVenue.com‘s “Chicago Calendar of Business Technology Events” – click the link or go to:

http://calendars.techvenue.com/cgi-bin/techvenue.pl?CalendarName=USMidwest&Op=ShowIt&Amount=Month&NavType=Both&Type=Block&Date=2011%2F8%2F1

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Griffith & Jacobson, LLC – We know business – Chicago’s Business Lawyers.

July’s Calendar of Chicago’s Business Technology Events July 1, 2011

Posted by Arieh M. Flemenbaum in Banking/Financial, Biz IT, Blog, Business, Business best practices, business check-up, Business Law, Business loans, Business philosophy, business planning, Business Start-ups, Business succession - exit, Business tax, Business Tech, Business Technology, Chicago Business, Corporate governance, e-commerce, Employer issues, Employment, Employment Benefits, Facebook, Information security, Insurance, Intellectual Property, Law, Legal Information, legal services, Licensing, Limited liability company, Marketing, On the Web, Online Communities, SBA loans, taxes, tech, Top 5 Business Tips, Twitter, Uncategorized, work life balance.
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For a comprehensive listing of business technology events around the Chicago area by date and group, see TechVenue.com‘s “Chicago Calendar of Business Technology Events” – click the link or go to:

http://calendars.techvenue.com/cgi-bin/techvenue.pl?CalendarName=USMidwest&Op=ShowIt&Amount=Month&NavType=Both&Type=Block&Date=2011%2F7%2F1

___________________________________________________________

Griffith & Jacobson, LLC – We know business – Chicago’s Business Lawyers.

Mid-Year Business Check-Up Tip No. 6: June 15, 2011

Posted by Arieh M. Flemenbaum in Business, business check-up, Business Law, business planning, Business tax, Chicago Business, Employer issues, Employment, Legal Information.
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To help you complete a check-up and strategic mid-year planning for your business, we will publish helpful tips and ideas through the end of the month. This tip is part of our ongoing series.

Business Check-up Tip No. 6:

Review your independent contractor relationships. The Internal Revenue Service and many States (i.e., their Department of Revenue and/or Department of Labor) are auditing business/corporate tax filings and reports concerning their use of independent contractors. In cases where the IRS and/or the State tax agents reclassify “independent contractors” as employees, the business is not only required to withhold/pay the required tax payments (i.e., FICA, FUTA, etc.), they are usually also assessed significant penalties for failing to file and pay the required employment taxes.  So review your situation with a business lawyer and avoid a potentially costly reclassification of your independent contractors!

Check for updates every week day through July 1st.

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For information on how the business lawyers at Griffith & Jacobson, LLC can help your business grow, contact Arieh M. Flemenbaum at 312-236-8110 or by email at Contact Us (http://www.gjlaw.com/contact).

Griffith & Jacobson, LLC – We know business – Chicago’s Business Lawyers.

Year-End Business Check-Up No. 6: December 14, 2010

Posted by Arieh M. Flemenbaum in Business, business check-up, Business Law, business planning, Business tax, Chicago Business, Employer issues, Employment, Legal Information.
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To help you complete a check-up and strategic year-end planning for your business, we will publish helpful tips and ideas through the end of the year. This tip is part of our ongoing series.

Business Check-up No. 6:

Review your independent contractor relationships. The Internal Revenue Service and many States (i.e., their Department of Revenue and/or Department of Labor) are auditing business/corporate tax filings and reports concerning their use of independent contractors. In cases where the IRS and/or the State tax agents reclassify “independent contractors” as employees, the business is not only required to withhold/pay the required tax payments (i.e., FICA, FUTA, etc.), they are usually also assessed significant penalties for failing to file and pay the required employment taxes.  So review your situation with a business lawyer and avoid a potentially costly reclassification of your independent contractors!

Check for updates every week day through December 31st.

Happy Holidays from Griffith & Jacobson, LLC!

______________________________________________________________

For information on how the business lawyers at Griffith & Jacobson, LLC can help your business grow, contact Arieh M. Flemenbaum at 312-236-8110 or by email at Contact Us (http://www.gjlaw.com/contact).

Griffith & Jacobson, LLC – We know business – Chicago’s Business Lawyers.

 

There is Still Time for Your Business to Take Advantage of the HIRE Act! October 29, 2010

Posted by Arieh M. Flemenbaum in Business, business planning, Business tax, Employer issues, Employment, Legal Information, taxes.
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There is still time for your business to take advantage of the tax credits available for hiring unemployed workers.  The tax credits are available in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act.

There are 2  tax benefits are now available to employers hiring workers who were previously unemployed or only working part-time:

  1. Employers who hire unemployed workers this year (by 12/31/10) may qualify for a 6.2-percent payroll tax incentive. This hiring incentive effectively exempts the employers from their share of Social Security taxes on wages paid to the hired employees for 2010. Employers would still need to withhold the employee’s 6.2-percent share of Social Security taxes, as well as employer and employee’s shares of Medicare taxes and withholding for income taxes.
  2. In addition, for each worker retained for at least a year, businesses can claim an extra general business tax credit, up to $1,000 per employee, when the company files its 2011 income tax returns.

See the following IRS article for more guidance: http://www.irs.gov/newsroom/article/0,,id=220326,00.html

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