BrownWinick Attorneys Named to 2022 Best Lawyers® List

By: BrownWinick | 08.19.2021

BrownWinick is pleased to announce that 21 lawyers have been included in the 2022 Edition of The Best Lawyers in America. Since it was first published in 1983, Best Lawyers® has become universally regarded as the definitive guide to legal excellence. BrownWinick would like to congratulate the following attorneys named to the 2022 The Best Read…

NCAA Name, Image, and Likeness (“NIL”) Policy Brings Opportunities and Legal Challenges for College Athletes

By: William Daniel | 07.26.2021

  On July 1, the NCAA announced that college athletes can now benefit from their name, image, and likeness (“NIL”). This drastic shift in NCAA policy brings all sorts of previously unthinkable opportunities for college athletes; however, this new world also brings many areas of concern for athletes, particularly from a legal standpoint. Athletes who Read…

2021 Iowa Legislative Session Ends with Flurry of New Tax Rules

By: Christopher Nuss | 06.14.2021

  On May 19, 2021, the Iowa Legislature closed this year’s session by passing a 60-page tax bill consisting of 28 divisions addressing a plethora of topics, resulting in an estimated cut in taxes of $1 billion over the next eight years. This article does not attempt to cover each of the upcoming tax changes; Read…

Hart-Scott-Rodino Notification Thresholds Lowered for 2021

By: Margaret Hibbs | 03.03.2021

On February 1, 2021, the Federal Trade Commission (“FTC”) announced the new 2021 Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR”) notification thresholds.  The FTC is required to annually update the HSR thresholds based on the change in gross national product.  The new thresholds were published in the Federal Register on February 2, 2021, and will Read…

Paycheck Protection Program Round Two: Eligibility, Forgiveness, and Considerations for Borrowers.

By: Sheridan DeJong | 01.27.2021

  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed into law on March 27, 2020. Sections 1102 and 1106 of the CARES Act include the Paycheck Protection Program (PPP), which provides Small Business Administration (SBA) loans to assist businesses with maintaining their workforce during the COVID-19 pandemic. On December 27, 2020, Read…

Year-End COVID Relief Legislation Becomes Law During the Holidays

By: Christopher Nuss | 12.30.2020

  This past Sunday evening (December 27), President Trump signed into law additional COVID-19 relief legislation, agreed to by Congress a week earlier, estimated at $900 billion as part of the Consolidated Appropriations Act, 2021. Much of the relief comes in the form of tax provisions, known as the COVID-Related Tax Relief Act (the Act), Read…

IRS Launches Centralized Partnership Audit Website

By: William Daniel | 11.19.2020

  The IRS recently launched the website for the Bipartisan Budget Act Centralized Partnership Audit Regime (often referred to as “BBA”). This website is intended to be the location for all information related to BBA, including regulations, electronic submission forms, how to elect out of BBA, and what can generally be expected during a BBA Read…

SBA Opens PPP Forgiveness Portal, But Banks Put on the Brakes

By: BrownWinick | 08.12.2020

  The Small Business Administration (SBA) officially opened its Paycheck Protection Program Forgiveness Portal to lenders starting on Monday, August 10, 2020. This means that banks who provided loans to small businesses through the Paycheck Protection Program (PPP) may start processing applications from borrowers to have their loans entirely forgiven. As of July 31, 2020, Read…

A Second Wave of Stimulus Relief Proposed by Congress

By: BrownWinick | 07.28.2020

  Congress is negotiating a new $1 trillion economic stimulus package to help millions of Americans and businesses keep afloat during the continued COVID-19 crisis. Among a host of other benefits, Congress has unveiled the following proposed benefits to help businesses hit hardest by the pandemic: A second round of Paycheck Protection Program loans aimed Read…

Federal Reserve Expands Main Street Lending Program to Nonprofit Organizations

By: BrownWinick | 07.21.2020

On July 17th, 2020, the Federal Reserve Board modified the Main Street Lending Program (Program) to provide greater credit opportunities to nonprofit organizations. The Program offers loans to businesses that were in sound financial condition before the Covid-19 pandemic hit. The new regulations allow a wider range of nonprofit entities such as educational institutions, hospitals, Read…