On March 18, 2020, The Families First Coronavirus Response Act (H.R. 6201) became law, effective on April 2nd, 2020. While this act has extensive provisions in response to COVID-19, the following areas are important for employers to note: EXPANDED FMLA What is expanded? The Emergency Family and Medical Leave Expansion Act amends the current Family and Medical…
As of Wednesday, March 18th, Illinois has been declared eligible for the SBA’s federal emergency loan program, through which the SBA is directly making funds available to eligible small businesses who do not have existing access to working capital in order to help ease the economic impact of the Coronavirus. Based on the currently available…
We are in the midst of unprecedented events, and I am writing to apprise you of the actions we are taking to serve and protect our clients.While news pertaining to the coronavirus continues to evolve rapidly, we continue to serve our clients from our offices in Chicago and Barrington. Connecting virtually We continue to be…
The U.S. House just passed a revised version of the Families First Coronavirus Response Act with approval from the White House. “Division C – Emergency Family and Medical Leave Expansion Act†“Division E – Emergency Paid Sick Leave Act†“Division G – Tax Credits for Paid Sick and Paid Family Medical Leave† The Senate has yet to…
As our firm heads into year 2020, we take a moment to reflect on our clients’ and our successes of 2019. Local Illinois craft brewer opens new location in Lockport, Illinois, eyes Chicago location. Tangled Roots Brewing Company, an Illinois craft brewery startup and one of Lynam and Associates newest clients, is expanding its operations…
Did you know you can use your IRA funds to purchase investments closer to home without the need to go through a broker or investment advisor? Most people don’t. Experienced in this area, we help clients facilitate these complex transactions, ensuring compliance with the various laws and regulations governing tax deferred retirement programs. What is…
Several years of efforts in support of our client, Citizens for Conservation, paid dividends in the acquisition of 31 additional acres of land in Barrington for the Craftsbury Preserve, the client’s second largest conservation preserve, now totaling 52 acres. Portions of the land appears to have never been plowed, suggesting that the potential for complete…
Please be my guest on Monday, July 29th at 6:00 at the Union League Club of Chicago for a presentation by Michael J. Manning, hosted by the Entrepreneur Group and David Lynam, Chair: Embracing our Nature | Creating the Midwest Craft Beverage Experience  Join us at the Union League Club for this special presentation by Michael…
Action Item: Update your employee policies before 1/1/2020 On June 25, 2019, Gov. J.B. Pritzker signed legislation which will end state law cannabis prohibition in Illinois and replace it with a system to tax and regulate cannabis for adults 21 and over. The new law is comprehensive in its approach: in addition to legalizing state…
Workplace violence is one of the primary causes of all homicide incidents in the U.S., and the devastation after a violent incident in the workplace is costly to persons and the entities exposed to this type of violence. The business impact of workplace violence can result in low employee morale, loss of productivity, worker’s compensation…
Owning a home can be a long-term proposition, so it is not a surprise that older Americans are more likely than their younger peers to have paid off their mortgages. On average, 36% of owner occupied housing units in the United States do not have a mortgage, and for homeowners who are 65 and older, the…
You are cordially invited to a presentation at The Union League Club of Chicago on the day after Labor Day -May 28th, 2019 at 6PM- on the Power of Micro Finance Entrepreneurship.Micro-Finance lending is changing lives and empowering entrepreneurs in Developing Countries like never before. We will feature a presentation on micro-finance by Jeffrey L. Hartman. …