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January 11, 2021 News Coronavirus Alerts
The Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (the “Act”), signed into law by President Trump on December 27, 2020, provides $284 billion for a second round of Paycheck Protection Program (PPP) loans. GCT is committed to providing the most timely guidance on PPP and other issues facing small businesses.
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December 4, 2020 News Coronavirus AlertsProperty Tax Assessment
Golan Christie Taglia's Property Tax Group has recently attained several successes in having clients' real estate tax assessments significantly reduced based on COVID-related business losses incurred by the owner.
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December 4, 2020 News IP AlertsIntellectual Property
Beginning January 2, 2021, the United States Patent and Trademark Office is going to increase fees for certain types of filings.
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December 1, 2020 News
Golan Christie Taglia LLP announces it selected legal technology company DISCO as its ediscovery partner.
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December 1, 2020 PublicationsDCBA Brief: The Journal of the DuPage County Bar AssociationReorganization & Bankruptcy
Insolvency is defined as either having more debts than assets based on a balance sheet test or being unable to pay your debts as they come due.
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November 10, 2020 EventsVirtualCommercial & Business Litigation, Employment Law, Trust, Estate & Taxation
In a year marked by a global pandemic, social strife and ongoing political uncertainty, business executives and leaders need to stay focused on what matters most.
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October 29, 2020 News Coronavirus AlertsEmployee Benefits and ERISA
The CARES Act provides a number of optional coronavirus-related relief provisions that employers may choose to incorporate into their 401(k) and other retirement plans.
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October 22, 2020 WebinarsCommercial & Business Litigation
Disruptions are getting in the way of business as usual. Many businesses are using this time to be creative and find new ways to reach their markets. In other words, they are undergoing Innovation Transformation. Join us for this informative Webinar where we’ll explore the Innovation Transformation of different types of businesses and how GCT helps implement and protect creative solutions.
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October 14, 2020 News Coronavirus AlertsEmployment Law
The Department of Homeland Security (“DHS”) announced temporary flexibility for Employment Eligibility Verification (Form I-9) requirements during the COVID-19 pandemic.
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October 7, 2020 News Coronavirus AlertsEmployee Benefits and ERISA
An alternative provision under the CARES Act provides tax relief for employers that have been financially impacted by the COVID-19 pandemic. A tax credit, the Employee Retention Credit (ERC), of 50 percent of up to $10,000 per employee in wages paid and related health plan expenses is available to "eligible employers."
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September 23, 2020 Videos
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September 17, 2020 NewsEmployee Benefits and ERISA
At least two pending federal cases deal with attacks on individual 401(k) plan accounts. The fact patterns are similar: a participant submits an electronic benefit withdrawal request to the employer or the plan's record keeper. The request is passed on to the plan's custodian for implementation.
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August 25, 2020 News Coronavirus Alerts
COVID-19 relief provisions that allow 401(k) and 403(b) plan sponsors to reduce or suspend safe harbor contributions expire soon. Plans must be amended by August 31, 2020 in accordance with the relief guidelines provided by IRS Notice 2020-52.
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August 21, 2020 News
We are pleased to introduce Maritess T. Bott as the newest member of the GCT team. She will be joining us as Of Counsel in the Estate Planning Practice Group.
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August 12, 2020 News
Please join us as we congratulate attorneys Brianna L. Golan and Jonathan D. Morton, our partner promotions effective as of August 1, 2020.
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July 30, 2020 EventsZoomReorganization & Bankruptcy
To ensure confidentiality, questions can be submitted in advance and participants’ names will not be displayed.
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July 28, 2020 NewsEmployee Benefits and ERISA
In the summer issue of NAPA Net the Magazine, GCT’s Andrew Williams weighs in on the use of participant data for provider marketing. The article explores the risks to plan fiduciaries of investment advisors that use personal information of participants to market non-plan products, such as life insurance.
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July 23, 2020 News Coronavirus Alerts
GCT has compiled seven questions we encourage you to consider as you assess your business’ recovery readiness as a part of our “GCT 360” approach.
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July 13, 2020 News Coronavirus AlertsEmployee Benefits and ERISA
Former participants in a 401(k) profit sharing plan recently filed suit in Federal court in New Jersey seeking recovery of investment losses allocated to their accounts by the employer-sponsor. This mid-year valuation reduced the account balances available for distribution to the former participants.
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July 1, 2020 News Employment Alerts
As we reported in our previous alert announcing Chicago’s new predictive scheduling measure, Chicago’s Fair Workweek Ordinance went into effect on July 1, 2020.
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July 1, 2020 News Employment Alerts
Illinois law now requires all employers, regardless of size, to provide sexual harassment prevention training to all Illinois employees by December 31, 2020. GCT Employment Practice Group is now offering a customized training session for your employees to help ensure that your business complies with these new requirements.
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June 25, 2020 News Coronavirus AlertsEmployee Benefits and ERISA
Last Friday's guidance in IRS Notice 2020-50 expands the definition of "Qualified Individuals" entitled to retirement plan relief under the CARES Act and verifies that employer implementation of the relief rules is not required.
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June 18, 2020 News Coronavirus Alerts
Certain retirement plan distribution and participant loan applications require a spousal consent to be signed by the participant's spouse. The consent serves as a protection of spousal rights in plans that otherwise provide for benefit distributions in the form of an annuity that includes a survivor annuity for the spouse (a "qualified joint and survivor annuity").
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June 3, 2020 News Coronavirus Alerts
Recent IRS Notice 2020-29 provides additional options to allow mid-year changes in participant cafeteria plan elections. The additional relief from prior cafeteria plan election rules is intended to help employees adapt to changes in their personal circumstances resulting from the COVID-19 pandemic.
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May 26, 2020 News Coronavirus AlertsEmployee Benefits and ERISA
IRS and Department of Labor joint rules effective May 4, 2020 created a new COBRA universe by extending both group health plan deadlines for providing COBRA election notices and employee deadlines for electing COBRA continuation coverage — and paying for it. These deadlines are extended for the entire "Outbreak Period," which started March 1, 2020 and ends 60 days after the officially declared end of the COVID-19 national emergency.
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