Author: Rock Fusco Connelly LLC
State of New York Labor Decision to Reclassify 1099 Drivers as Independent Contractors
The New York Department of Labor issued the initial holding that Distribution Cooperative Network (“DCN”) was liable for paying tax contributions and benefits to delivery drivers, as they were classified employees. The employer appealed to the Administrative Law Judge, who overruled the initial determination and reclassified delivery drivers of cooperatives as independent contractors. The claimant
Property Tax Update
Our real estate tax team at Rock Fusco & Connelly, LLC continues to work hard fighting to keep your property tax bills as low as possible. As the 2021 appeal session progresses, we wanted to give you an update on the conclusion of the 2020 session, what to expect in 2021, and key dates to
Using Mergers and Acquisitions to Grow Your Company’s Value
This is the final installment in a three-part series Rock Fusco & Connelly, LLC will be publishing on using M&A transactions to maximize and grow your company’s value. In part one, we helped you understand EBITDA, and how to increase EBITDA and its multiplier. In part two, we addressed how to compare rates of return
4 Ways to Attract the Next Generation of Skilled Workers
Written by Michael Albercio of Assurance Agency, Ltd., one of Rock Fusco & Connelly’s trusted advisors. Attracting and retaining talent has been a challenge the industry has been faced with the last few years. The pandemic, lack of skilled labor, demand of residential construction and difficulty of recruiting a new generation hasn’t made it easy
New Law Allows NCAA Athletes in Illinois to Be Paid
The Student-Athlete Endorsement Rights Act allows students to be compensated, not directly by their schools, but by endorsements and marketing campaigns. Under the new law, college athletes will be able to hire agents and negotiate deals to profit off their name and likeness. Illinois is leading the nation in modernizing the collegiate sports system and
Wage Payment & Collection Act: Increased Penalties for Violations
Gov. Pritzker recently signed a bill into law, which makes employers liable for unpaid wages, final compensation, and 5% of the damages of underpayment per month. This differs from the previous 2% penalty of damages for underpayment under the Illinois Wage Payment & Collection Act (“IWPCA”). The IWPCA covers private employers as well as local
Illinois Law 2021 Updates: Attention Employer
A Flurry of Changes to Employment Law With the pandemic increasingly in the rear-view mirror, 2021 stands to be a blockbuster year for changes to employment law. Many of these laws aim to rectify perceived imbalances between workers and their employers. In this edition of the Rock Fusco & Connelly, LLC newsletter, we will explore
Property Tax Appeals Update
Our real estate tax team at Rock Fusco & Connelly, LLC continues to work hard fighting to keep your property tax bills as low as possible. As the 2021 appeal session progresses, we wanted to give you an update on the conclusion of the 2020 session, what to expect in 2021, and key dates to
Using Mergers and Acquisitions to Grow Your Company’s Value
This is the second installment in a three-part series Rock Fusco & Connelly, LLC will be publishing on using M&A transactions to maximize and grow your company’s value. In part one, we helped you understand EBITDA, and how to increase EBITDA and its multiplier. In today’s edition, we will address how to compare rates of
Senate Joint Resolution Constitutional Amendment 11 (“SJRCA 11”)
On May 26, 2021 the Illinois Senate announced that Senate Joint Resolution Constitutional Amendment 11 (“SJRCA 11”) had been adopted by both houses of the Illinois General Assembly. SJRCA 11 would permanently enshrine in the Illinois Constitution unprecedented power of government unions. Already the Illinois labor market performance has been lagging behind the rest of