Compliance Stuff

Although the law addresses numerous policy areas at the federal level, several of its components specifically address, or will indirectly affect, economic and social dynamics within the District. Below is a detailed discussion of the major elements likely to influence local residents, businesses, and governmental entities, along with the possible implications. One prominent section relevant to the District is the modification of certain individual tax deductions relating to state and local taxes (often referred to as SALT). Under the bill, the limitation on these deductions is extended and further refined, with the changes taking effect for taxable years beginning after December 31. This can significantly affect District taxpayers who typically pay higher local taxes. As the District of Columbia functions both as a city and a quasi-state for many federal legal purposes, these tax changes will alter the after-tax disposable income of residents. This adjustment may influence real estate...

  Snapchat’s parent company has agreed to pay $15 million and take extensive measures to ensure fair employment practices as part of settlement to resolve claims of discrimination, harassment, and retaliation against women at the company. The deal between Snap Inc. and the California Civil Rights Department is noteworthy for all employers because it requires the Santa Monica-based company to implement measures that go beyond what’s required under the state’s equal pay laws – potentially giving a glimpse into future trends or legislation. We’ll give you everything you need to know and a look at what’s next. What Happened? The California Civil Rights Department (CRD)  announced  on June 19 that it reached a settlement with Snap Inc., the creator of the Snapchat social media platform, after a years-long investigation into allegations of employment discrimination, equal pay violations, and sexual harassment impacting women at Snap . This announcement came just days after the...