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2024 Issues
Federal Judge Permanently Enjoins Enforcement of the Corporate Transparency Act by Treasury’s Financial Crimes Enforcement Network (FinCEN)
Q&A On Complying With Beneficial Ownership Disclosure Requirement of the Federal Corporate Transparency Act
Look for New Standards for Testing Banks’ Community Reinvestment Compliance
Users of Intuit’s Turbo Tax Software, Take Note of Federal Trade Commission Action
Survey of Small Businesses by National Federation of Independent Businesses Reports Little Awareness of Beneficial Ownership Reporting Requirements
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2023 Issues
Minnesota Secure Choice Board of Directors
President Biden Signs Executive Order on Development of Protections for Artificial Intelligence
Update on Corporate Transaction Act (CTA) Beneficial Ownership Information (BOI) Reporting
Federal Trade Commission Reminds Businesses of Identity Theft Responsibilities
IRS Continues Enforcement of 1099 Reporting Requirements to Reduce Under-reporting of Business Income
IRS Suspends Processing of New Claims for Employee Retention Credit
Minnesota’s Corporate Net Operating Loss Deduction Changes…and May Change Again
Internal Revenue Service (IRS) Cautions on Increased Compliance Scrutiny for Employee Stock Ownership Plans (ESOPs)
The U.S. Supreme Court’s 3rd Decision of June 29th, 2023
New Federal “Pregnant Workers Fairness Act” (PWFA) Effective as of June 27th, 2023
Reminder: New Minnesota Ban on Non-Compete Agreements Effective July 1st, 2023
Frequent Issues for Small Businesses in IRS Tax Compliance Audits
Working Your Passion? Pay Attention to IRS For-Profit Business Definitions
No Exception for Small Research and Experimental Expenditures Under New Internal Revenue Code Section 174 Changes
Briefly Noted: Eighth Circuit Court of Appeals Addresses Franchise Fee Issue
Federal Trade Commission Seeks Report on Business Credit Reporting Organizations’ “Methods and Manners”
New NFIB Survey Shows Cost of Employee Health Insurance Remains an Issue for Small Businesses
New Minnesota Law Prohibiting Discrimination Based on Hair Texture and Hair Style
Consumer Privacy Issues Continue to Increase in Importance
U.S. Treasury Requests Comment on Proposed Form for Corporate Transparency Act Reports
Internet Sellers Face New Disclosures and Transparency Requirements Under New Law
Minnesota Enacts New Tax Conformity With Federal Tax Law
Regulation of Data Practices and Consumer Privacy to Reach Into Business Processes
New Guidance for Sellers and Marketers of Health Related Products
Federal Agencies Release Principles to Guide Definition of “Good Jobs”
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2022 Issues
Reminder: Minnesota Minimum Wage Rates to Increase in 2023
Small Business Administration (SBA) Publishes Proposed Rule to Allow More Non-Depository Institutions, Including FinTechs, to Become 7(a) Lenders
U.S. Supreme Court Hears A New Case Involving a Small Business and Public Accommodation
U.S. Small Business Administration Releases December 2022 Economic Bulletin
New "Reasonable Person" Standard for Determining Disadvantaged Status in U.S. Department of Transportation Infrastructure Construction Program
A Reminder for Businesses Undergoing SBA Review of PPP Loans and Loan Forgiveness
Cost of Capital and Inflation Driven Barriers to Growth Develop the Need for Business Valuation
Corporate Transparency Act Challenged in Federal Court
Changes to Implement Provisions of the Trademark Modernization Act
U.S. Department of Labor Announces Proposed Rule on Employee/Independent Contractor Test
Social Security Administration Releases 2023 FICA and Medicare Rates
U.S. Small Business Administration (SBA) Releases Two New Proposed Rules Intended to Facilitate Small Business Federal Contracting
Inflation Reduction Act Doubles Payroll Tax Credit Available for Start-ups
State Attorneys General Comment in Support of Federal Trade Commission (FTC) Proposed Changes to the Telemarketing Sale Rule
National Labor Relations Board Proposes Changes to Joint Employer Rule
Federal Trade Commission (FTC) Seeks Comments on the Need for Regulation of Consumer Privacy and Data Security
President Signs New Inflation Reduction Act
New Minnesota Law on Use of Cannabinoids May Affect Employer Testing
Consumer Products Manufacturers Take Note: Federal Trade Commission(FTC) Enters Consent Agreement with Grill Manufacturer Weber Over "Right to Repair"
Federal Trade Commission (FTC) Announces Plans for Rulemaking on Various Business Uses of Artificial Intelligence (AI)
Office of Management and Budget Publishes Guidance on Buy American Requirement
Reminder: Calculations for Determination of Small Business Status Must Include Affiliates
New Survey of Small Businesses Confirms Continuing Concerns with Supply Chain and Inflation
The Equal Opportunity Commission (EEOC) and the Department of Justice (DOJ) Provide Technical Guidance to Employers on Avoiding Disability Discrimination When Using AI Technologies
Revisiting Tax Liability for Receipt of Crowdfunding Donations and Government Grants
U.S. Eighth Circuit Court of Appeals Holds Against Minneapolis Landlords in Rental Application Case
U.S. Treasury to Investigate Possibility of a United States Digital Currency
U.S. Department of Justice (DOJ) Issues Brief Guidance – But Not Regulations – on Website Accessibility Under the Americans With Disabilities Act
New Legislation Revives Workers’ Compensation Presumption For Certain Frontline Workers Who Test Positive For The COVID-19 Virus
Wall Street Journal Reports on Deepening Challenges for Small Businesses
New SEC Report: Debt Capital Far Outweighs Equity Capital as a Financing Source
Minneapolis and Saint Paul Issue Mask Mandates
“Coping” Not “Prospering” May be the Status of Small Businesses Into 2022
2022 Edition of A Guide to Starting A Business In Minnesota Published
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2021 Issues
Yes! New CDC Testing Requirements for Persons Entering the U.S. Do Apply to U.S. Citizens
New Federal Proposals for Increased Participation of Small Disadvantaged Businesses in Federal Procurement and Contracting
U.S. Treasury Published Proposed Rule Implementing Corporate Transparency Act; Exemptions Are Driven by Type of Business Not Size
Is COVID-19 a Disability? U.S. Equal Employment Opportunity Commission Says “Maybe”
Federal Court Stays Implementation of OSHA Emergency Temporary Standard On COVID-19 Workplace Vaccination
U.S. Small Business Administration (SBA) Proposes Changes to Calculation of Number of Employees and Business Revenues for Determination of “Small” Status
Senators Ask Federal Trade Commission (FTC) for Expanded Consumer Privacy Protection
Does ESG Have a Place with Privately Held Small Businesses?
U.S. Equal Employment Opportunity Commission (EEOC) Files First Lawsuit Under the Americans With Disabilities Act Over Employer’s Denial of Remote Work During Pandemic
New U.S. Supreme Court Decision Clarifies the Definition of “Concrete Injury” for Consumer Suits for Privacy Violations
Supply Chain Issues Persist for Small Businesses
Minnesota Department of Revenue Begins Processing Paycheck Protection Refunds
U.S. Small Business Administration Announces Enhancements to Economic Injury Disaster Loans (EIDL)
Rules Proposed to Strengthen “Buy American” Requirements for Federal Agencies
IRS Expands Employer Credit for Sick Leave and Family Leave Wages for COVID Activities
Minnesota Department of Revenue to Offer Both General and Industry Specific Sales and Use Tax Webinars in September and October
U.S. Federal Trade Commission Adopts New Rule on “Made in USA” Claims in Product Labels
State Attorneys General Support New Federal Legislation for Consumer Protection
NFIB Survey Shows Increasing Small Business Concern with Inflation
Minnesota Enacts Federal Tax Conformity for 2020 Paycheck Protection Program (PPP) Loan Forgiveness
U.S. District Court Dismisses Suit Against Employer Requiring Vaccination
Sixth Circuit U.S. Court of Appeals Says U.S. Small Business Administration Cannot Use Sex and Race of Applicants in Allocating Restaurant Revitalization Funds for Award
U.S. Department of Labor (DOL) Withdraws Most Recent Rule on Definition of an Independent Contractor
American Rescue Plan Act Provides Employer Paid Subsidy of Costs for Individuals Choosing COBRA Extension of Health Insurance Benefits
U.S. Small Business Administration (SBA) Releases Program Guidance for Restaurant Revitalization Funding Program
President Biden Orders Supply Chain Review
As PPP Loan Program Approaches End-Date, Small Business Administration Publishes New Rule Expanding Eligibility
Employee Retention Credit Extended and Expanded by American Rescue Plan Act
President Biden Directs Agencies to Suspend Rulemaking Pending Further Review
New Edition of A Legal Guide To Privacy and Data Security Publication Now Available Online
New Federal Legislation Restores Rebuttable Presumption of Irreparable Harm in Trademark Cases
Congress Passes Corporate Transparency Act to Collect Information on Beneficial Owners of Businesses. But Certain Exceptions May Reduce Possible Burden On Small Businesses
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2020 Issues
President Signs Stimulus Bill with New “Second Draw” of PPP Funds
U.S. Securities and Exchange Commission Proposes New Rule Exempting “Finders” From Registration
CDC Provides New Definition of “Close Contact” for COVID-19 Prevention
UPDATE: Lawsuit Challenges Executive Order 13950
New SEC Rule Addresses Securities Offering Limits and Individual Investor Limits
U.S. Department of Labor Publishes Proposed Rule on Independent Contractor Status
Presidential Executive Order Prohibits Use of Certain Types of Diversity, Inclusion, and Bias Training by Federal Contractors and Grantees
Thirteen State Attorneys General Object to U.S. Small Business Administration’s Rule on Appeals Under the Payroll Protection Program
Internal Revenue Service Notes that PPP Lenders Should Not Provide Borrowers with Loans Forgiven Under the CARES Act with Form 1099-C or Other Payee Statement
Securities and Exchange Commission Adopts Changes to Definition of Accredited Investor
Securities and Exchange Commission (SEC) Approves New IPO Alternative But With High Market Value of Shares Requirement
New Treasury Notice on Deferral of Social Security Taxes Leaves Questions Unresolved
A Reminder to Minnesota Sole Proprietor Businesses to Check Their Business Registration
U.S. Small Business Administration Announces Availability of Disaster Loans for Losses Resulting from Recent Civil Unrest
U.S. Supreme Court Holds That Some .Com Domain Names Can Have Trademark Protection
Important Information for Reopening and Returning to Work: CDC Adds New Conditions for COVID-19 Risk
Important Reminder: PPP Flexibility Act Broadens Deferral of Employer’s Share of Social Security Tax
U.S. Department of Labor Seeks Comments on Potential Changes to Family and Medical Leave Act (FMLA)
Employers Take Note: CDC Issues Alert on Dangers of Methanol Based Hand Sanitizers
U.S. Supreme Court: Discharging an Employee on the Basis of Homosexuality or Transgender Status is Unlawful
Minnesota Supreme Court Retains “Severe or Pervasive” Test in Sexual Harassment Claims Under the Minnesota Human Rights Act But Notes It’s Evolving Nature
Paycheck Protection Program Flexibility Act Becomes Law
U.S. Occupational Safety and Health Administration (OSHA) Releases New Guidance for Employers on Recording COVID-19 Cases
CDC Updates Webpage On How Coronavirus Spreads
Federal Financial Institutions Regulators Publish Principles to Guide Making Small Dollar Loans
Payroll Protection Program Loans: What Constitutes a “Completed Application”
Pandemic’s Effects Leave Many Small Businesses With No Choice But Liquidation
U.S. Securities and Exchange Commission (SEC) Offers Temporary Relief From Some Regulation Crowdfunding Requirements in Order to Expedite Offerings
May #2
New Internal Revenue Service Notice Addresses Deductibility of Expenses Paid with PPP Funds
U.S. Equal Employment Opportunity Commission (EEOC) Offers Guidance to Employers on COVID-19 Testing in the Workplace
Reopening a Retail or Consumer Products Business -- First Considerations
Business Income Tax Effects of the CARES Act
U.S. Center for Disease Control Releases Interim Guidance for Employers Regarding Control of Coronavirus in the Workplace
Securities and Exchange Commission Proposed Changes to Definition of “Accredited Investor” for Natural Persons
January 1, 2020 Is Effective Date for New Minnesota Minimum Wage Rates; Minneapolis and Saint Paul Rates Effective January 1, 2020 or July 1, 2020 Depending on Business Size
U.S. Department of Labor Releases New Rule on “Joint-Employer” Standard
