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COVID-19 Update: Same Song, Second Verse – House Revises Bill!

Posted on March 17, 2020 by and

Last night, March 16, the House amended versions of a COVID-19 Coronavirus bill we reported on yesterday. Again, this alert will focus only on the two provisions regarding paid leave for employees.  The Senate is expected to review the bill and if President Trump signs it, these provisions will be effective in no later than […]

COVID-19 Breaking News: House Passed Bill With Paid Sick Leave Provisions – We are Watching Senate to See What Happens Next!

Posted on March 16, 2020 by and

Late Friday, the House passed the Families First Coronavirus Response Act (“FFCRA”) which provides COVID-19 relief to Americans in several areas. This alert will focus only on the two provisions regarding paid leave for employees. The Senate is expected to review the bill this week and President Trump has indicated he will sign it. If […]

Easement Holders Beware: Wisconsin Easements Expire Unless Re-recorded Periodically

Posted on March 16, 2020 by

Under a long-standing law in Wisconsin, those parties holding easements will need to re-record their easement rights periodically or their ability to enforce those easements will be lost. Even easements that are “perpetual” by their written terms will expire if they are not re-recorded within the prescribed statutory period. The Wisconsin Court of Appeals has […]

Followup to Alert About the COVID-19 Virus

Posted on March 12, 2020 by

In a followup to yesterday’s e-alert about the COVID-19 virus, please note the CDC has updated its travel advisory as follows: All travelers should avoid nonessential travel to China, Iran, Western, Northern and Central Europe (see CDC website for map), and South Korea (Level 3 Travel Health Notice); Older travelers and those who have chronic […]

Panicked Over COVID-19? Keep Calm and Read on…

Posted on March 11, 2020 by and

Should you ban nonessential business travel? Can you prevent an employee from taking that cruise? What if an employee refuses to go home when she is sick? Here are some answers to those questions and more! What should employers do right now? On March 10, Jay Butler, Deputy Director of the Centers for Disease Control […]

Cheaper Gasoline Prices Means Decrease in Optional Standard Mileage Rates for 2020

Posted on January 2, 2020 by

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2020, and the decrease in rates reflect the decrease in the fixed and variable costs of operating a vehicle.  Effective January 1, 2020, the optional standard mileage rates […]

2020 Qualified Plan Cost of Living Increases, 2020 Social Security Taxable Wage Base

Posted on November 6, 2019 by

On November 6, 2019 the Internal Revenue Service announced the cost-of-living adjustments for the various qualified retirement plan limits. All of the limits shown below have increased from last year.   Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2019-$19,000 2020-$19,500 $200,000 compensation limit 2019-$280,000 2020-$285,000 $160,000 defined benefit limit 2019-$225,000 2020-$230,000 […]

2020 HSA Contribution Limits are Announced

Posted on May 28, 2019 by

Today the IRS announced the HSA limits for calendar year 2020.  Hard to believe we are already talking 2020, especially after a Memorial Day weekend in Wisconsin where the air conditioning and furnace were both needed.  As you long for summer, look forward to slightly higher limits in 2020, as set forth in the chart […]

Carefully Consider Fiduciary Obligations

Posted on May 23, 2019 by

The sponsorship of a qualified retirement plan can be rewarding but frustrating – there are so many rules. Unfortunately agricultural employers are not given a break when it comes to sponsoring such retirement plans. Examples of qualified retirement plans are 401(k) plans, profit-sharing plans and money-purchase plans. Leaving the tax rules for another day — […]

Increased Gasoline Prices Lead to Increase in Optional Standard Mileage Rates for 2019

Posted on December 14, 2018 by

The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2019, and the increased rates reflect the increase in the fixed and variable costs of operating a vehicle.  Effective January 1, 2019, the optional standard mileage rates will […]