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|Overtime Claims and the Fair Labor Standards Act|
R. Scott Alagood, Brian T. Cartwright; Alagood & Cartwright, P.C.;
January 3, 2014, previously published by Denton Business ChronicleThe Fair Labor Standards Act (or FLSA) is a federal labor law that requires employers to pay overtime compensation (at time-and-a-half) to employees who are not exempt under the Act for all hours worked over a prescribed threshold period (typically, 40 hours per week).
|Cuomo Signs Non-Profit Revitalization Act of 2013: New York Law Reforms Governance Rules for Nonprofits|
Patterson Belknap Webb Tyler LLP;
December 23, 2013, previously published on December 2013Governor Andrew Cuomo signed the Non-Profit Revitalization Act of 2013 into law on December 18. The legislation had been pending in Albany since it was passed by the Legislature in late June.
|No. 5 - Trends in Wage and Hour Litigation|
Frank Harty; Nyemaster Goode, P.C.;
December 19, 2013, previously published on December 17, 2013As 2014 approaches, we can predict the coming trends in wage and hour litigation. This list of “hot spots” can serve as a shorthand audit checklist to identify potential areas of risk:
|Considerations for 2014 Proxy Season and Beyond|
Jason R. Schendel, John D. Tishler; Sheppard, Mullin, Richter & Hampton LLP;
December 19, 2013, previously published on December 17, 2013Following are some topics that public companies may want to consider in preparation for the 2014 proxy season.
|Is It Time for Your Church to Start an Endowment Fund?|
Louise A. Jackson; Eastman & Smith Ltd.;
December 18, 2013, previously published on December 2013Has your church received an unanticipated large bequest or gift? Have some of your older church members inquired about leaving bequests to the church but want them used to ensure the church’s future rather than being added to the current budget? Have there been instances where you as the...
|Not-for-Profit Law in Canada: What to Expect in 2014|
Kate N. Bake-Paterson, Graham Erion, Ted Maduri; Davis LLP;
December 18, 2013, previously published on December 16, 2013Given the increasingly important role that the not-for-profit and charitable sector plays in Canada’s social and economic fabric, it is not surprising that lawmakers have paid particular attention to this sector in recent years with more changes to the legislative and regulatory framework...
|Do You Know Who Your Directors and Managers Are? The Often Overlooked Risk to Charities|
Michelle S. Thériault; McLennan Ross LLP;
December 17, 2013, previously published on Winter 2013As with any federal budget, the 2011 budget contained provisions that captured the attention of media and public alike. The changes to the governance of charities through amendments to the Income Tax Act (the “ITA”) were not among such provisions. Consequently, some very significant...
|Changes made to Charity Commission Annual Return|
Withers Bergman LLP/Withers LLP;
December 13, 2013, previously published on December 13, 2013Under the new annual return regime, registered charities will be obliged to provide additional key information to the Commission including:
|Iowa Supreme Court Suspends Lawyer who was Duped by Nigerian Email Scam|
Colin C. Smith; Nyemaster Goode, P.C.;
December 13, 2013, previously published on December 6, 2013Today, the Iowa Supreme Court suspended an attorney’s license for twelve months for getting his clients to invest thousands of dollars in a Nigerian email scam.
Withers Bergman LLP/Withers LLP;
December 13, 2013, previously published on December 6, 2013The Chancellor said yesterday in presenting his Autumn Statement that he wished to put beyond doubt that entities established for the purposes of tax avoidance would not have any entitlement to charitable tax reliefs and that the measure would be introduced in the Finance Bill 2014.