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Tag: Client Alert

New $100,000 H-1B Fee Implemented | What Employers Should Know

By fridayfirmdev

On Friday, September 19, 2025, President Trump signed a Proclamation entitled “Restriction on Entry of Certain Nonimmigrant Workers” that appears to require a $100,000 payment to accompany any new H-1B visa petitions submitted on or after September 21, 2025. According to the White House, the Proclamation does not, at this time, apply to any previously … Continued

New EAD Expiration Date and I-9 Guidance Issued

By fridayfirmdev

On March 31, 2025, a Federal Court stayed the Trump Administration’s decision to end the Temporary Protected Status (TPS) program for Venezuelans. To comply with the Court’s order, USCIS has automatically extended the validity all TPS Employment Authorization Documents for those that have an expiration date of Sept. 10, 2025; April 2, 2025; March 10, … Continued

H1B Visa Registration Now Open

By fridayfirmdev

On Friday March 7, 2025, the U.S. Citizenship and Immigration Services (USCIS) opened H-1B visa lottery registrations for the 2026 fiscal year.  Registration closes on March 24, 2025, and the visa selection will take place on or about April 1, 2025. The H-1B visa program allows U.S. employers to temporarily employ foreign workers in specialty … Continued

Corporate Transparency Act

By fridayfirmdev

On Monday, March 2nd, the Treasury Department announced it would no longer enforce any penalties or fines associated with beneficial ownership reporting under the Corporate Transparency Act (“CTA”). The Treasury Department will be issuing further rules which will narrow the CTA reporting requirements to foreign reporting companies only, removing any requirements for domestic companies altogether. … Continued

ESRP Reporting

By fridayfirmdev

The Paperwork Burden Reduction Act, which became law on December 23, 2024 and is effective for 2024 coverage reporting, establishes an alternative method for satisfying the requirement to furnish the Form 1095-C to employees and covered individuals by providing that employers will be treated as furnishing the written statements if

Nationwide Injunction Temporarily Halts Compliance Requirements

By fridayfirmdev

On December 3, 2024, the U.S. District Court for the Eastern District of Texas granted a nationwide preliminary injunction that enjoins the federal government from enforcing the Corporate Transparency Act (the “CTA”). The Corporate Transparency Act went into effect January 1, 2024, and requires all reporting companies to file information about the beneficial owners of the company the with Financial Crimes Enforcement Network (“FinCEN”).

Independent Contractor Status

By fridayfirmdev

The United States Department of Labor recently announced the final rule federalregister.gov regarding independent contractor status under the Fair Labor Standards Act.  This rule, scheduled to go into effect on March 11, 2024, rescinds the 2021 Independent Contractor Rule, and will make it more difficult for an employer to classify individuals as independent contractors.  As part of … Continued

Five Things Every Business Owner Should Know

By fridayfirmdev

The Corporate Transparency Act (CTA) was enacted in 2021, but implementation of the new law was delayed on several occasions. As of January 1, 2024, however, the CTA’s beneficial ownership reporting requirements are in effect. This alert reviews critical points every business owner should consider in determining the steps necessary to comply.