LMC - Resources

March 14, 2024 | News

Update on the Employee or Independent Contractor Classification Under the Fair Labor Standards Act

On March 11, 2024, the labor classification guidelines under the Fair Labor Standards Act (FLSA) underwent a significant transformation from the U.S. Department of Labor (DOL). This development redefined the criteria for…

February 15, 2024 | News

House Passes Tax Extenders Bill – Impending Senate Vote

The house recently passed the Tax Extenders Bill, reviving several tax breaks, including the enhanced Child Tax Credit, incentives for economic growth, improvements in interest expense, and more. The measure was approved…

February 15, 2024 | News

Simplified Tax Notices: IRS New Move for Clarity

With the 2024 tax season upon us, last month, Treasury Secretary Janet Yellen announced, on a call with reporters, that as part of its new Simple Notice Initiative, the IRS has rewritten…