News

Coronavirus: The Hill and the Headlines, January 2021 # 9

By EsqSocial Corporation 15/01/21

In Washington: President-elect Joe Biden unveiled the first plan to is two-part $1.9 trillion stimulus package calling on Congress to approve $415 billion in emergency spending to scale up vaccinations, testing, and other efforts to combat COVID-19.

U.S. Department of Labor Finalizes New Rule Setting Forth Test to Assess Employment Versus Contractor Status; But Will It Survive Under the Biden Administration?

By EsqSocial Corporation 15/01/21

On January 7, 2021, the U.S. Department of Labor (“DOL”) announced its final rule (the “Final Rule”) setting the standard to determine whether an individual is an employee or an independent contractor under the Fair Labor Standards Act (“FLSA”).

COVID-19 Pandemic Creates Unique Hiring Concerns For Remote Employees

By EsqSocial Corporation 15/01/21

We are ten months into this pandemic, and many employees continue to work remotely with no end in sight. Indeed, recent surveys show that a sizeable number of employees prefer remote work and hope to continue working remotely even after the pandemic ends....

IRS Filing and Reporting Requirements for ISO Exercises and ESPP Stock Transfers for 2021

By EsqSocial Corporation 15/01/21

This client alert is intended to remind you of certain year-end reporting requirements under Section 6039 of the Internal Revenue Code of 1986, as amended (the Code), with respect to stock issued to employees (or former employees) upon the exercise of an incentive stock option (an ISO) or transfe

The Anti-Money Laundering Act of 2020: New Challenges for Financial Institutions, Their Employees and Customers, and (Nearly) Everyone Else

By EsqSocial Corporation 15/01/21

On January 1, 2021, Congress enacted the Anti-Money Laundering Act of 2020 (the “Act”).

Bankruptcy Provisions in COVID Relief Legislation Impacting PPP Loans, Commercial Leases and Preference Claims

By EsqSocial Corporation 15/01/21

With the COVID-19 pandemic stretching on into another year, businesses continue to experience adverse effects.

UK Coronavirus Job Retention Scheme: Government Expands Scope of Claims

By EsqSocial Corporation 15/01/21

Following the announcement of its third national lockdown on 5 January 2020, the UK government has updated its guidance on the Coronavirus Job Retention Scheme, stating that employers may furlough employees in circumstances where an employee’s health has been adversely affected by COVID-19 or whe

Activist Hackers Claim They Archived Parler Content Leading Up to Riots

By EsqSocial Corporation 15/01/21

Users of the Parler social media platform who participated in the riots last week at the U.S.

Federal Cannabis Legalization: Policy Issues to be Addressed

By EsqSocial Corporation 15/01/21

For the first time in nearly a decade all three branches of the Federal Government are controlled by Democrats. The Democratic Party has a plethora of agenda items it is looking to enact within this unified government. One of those policy issues is the federal legalization of cannabis......

District of Columbia is on the Verge of Implementing One of the Broadest Non-Competition Bans in the Country

By EsqSocial Corporation 15/01/21

Amidst the ongoing COVID-19 pandemic and other events in the nation’s capital, District of Columbia Mayor Muriel Bowser signed the Ban on Non-Compete Agreements Amendment Act of 2020 on January 11, 2021.

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