Mackall, Crounse & Moore, PLC has joined Dewitt Ross & Stevens S.C.

The newly formed DeWitt Mackall Crounse & Moore S.C. will provide clients with enhanced legal services
and efficiencies as well as access to more than 100 attorneys practicing in nearly 30 areas of
law in Wisconsin and Minnesota.

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ESOP Holding Companies as a Diversification Strategy

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The CEO of Bowling Green, Kentucky-based Houchens Industries announced his retirement this month.  Houchens is an “ESOP holding company” which has 40 businesses and 16,000 employee owners and total annual revenue of more than $3 billion.  As noted in the article, the Company started in 1917 as a grocery store, but has since “diversified into manufacturing, insurance, hardware, food service, retail, pharmacy, construction, recycling, trucking and more.”  This is a truly remarkable success story and a strategy that is being pursued more and more often in the ESOP world.

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New Year, New I-9 Version

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On January 31, 2020, the U.S. Department of Homeland Security officially rolled out the new version of Form I-9 Employment Eligibility Verification.  The new form version (edition 10/21/19)  has replaced the prior version (edition 07/17/17), and is available on the U.S. Citizenship and Immigration (USCIS) website at The 10/21/19 edition will become mandatory as of April 30, 2020.  Up until that date, employers may use either the 10/21/19 or the 07/17/17 edition.  

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IRS and Department of Labor (DOL) Guidelines for Independent Contractors

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Even though the news may be filled with stories of impeachment, who insulted who and which Twitter feed was the most offensive, as Entrepreneurs the world continues to go on and these are just distractions that keep us from achieving our goals.

With the challenges in finding employees, many of us turned to using independent contractors. Unfortunately, with the changes made by the Department of Labor and the IRS, as to the guidelines for independent contractors, there are risks in using independent contractors.  Under IRS and Department of Labor (DOL) guidelines: 

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Did You Hear? The DOL’s New Overtime Rule is Here!

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The Department of Labor’s new overtime rule went into effect on January 1, 2020. The new rule raised the Fair Labor Standards Act’s (“FLSA”) salary threshold for workers exempt from overtime to $35,568 annually, or $684 per week. See 29 C.F.R. part 541. The threshold was previously set at $23,660 per year, or $455 per week, before the overtime rule was updated. The new rule also raised the total annual compensation requirement for “highly compensated employees” from $100,000 per year to $107,432 per year. In light of these changes, employers should make sure that exempt workers’ salaries are at or above the new salary thresholds.

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One of the best features about our website articles and blog entries is that they are timely—you get up-to-date information on the law as it exists at the time. The downside is that the law changes, but our older entries don't. That means we can't guarantee you are getting the most current law when reading through past entries.

Please don't take these articles and blog entries and rely on them as legal advice. Give us a call instead, for specific and pointed advice for your particular situation. Note that contacting us does not create an attorney-client relationship, unless you are accepted as a client of the firm.

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DeWitt LLP is one of the ten largest law firms based in Wisconsin, with an additional presence in Minnesota. It has more than 120 attorneys practicing in Madison, Metropolitan Milwaukee and Minneapolis in over 30 legal practice areas, and has the experience to service clients of all scopes and sizes.

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