A bill recently introduced in the U.S. Senate could make an important tax depreciation rule that has stimulated the sale of new and used business aircraft a permanent part of the tax code. Under the 2017 Tax Cuts and Jobs Act, eligible taxpayers can now deduct 100% of the cost for qualifying new or used […]
On February 18, 2020, GKG Law’s Troy Rolf led a detailed webinar on the topic “Structuring Use of Corporate Aircraft Within the Framework of FAA Rules and Regulations.” This webinar provided an overview of common structures for aircraft ownership and operation and associated pitfalls, including the so-called “Flight Department Company Trap”; negative consequences associated with impermissible operating structures; and […]
As trade associations and professional societies continue to lose members because of increased economic concentration, they search for effective means for supporting smaller members who compete in local markets. Often the Mom and Pop retail store or the independent professional is facing stiff competition from national retail operations or professional chains that have acquired numerous […]
New regulations that the FMC voted to approve January 15, 2020. The new rules pertain to the actions of agents of NVOs and ocean forwarders. If the requirements are not met, there is a possibility that both the agent and the licensed OTI may have liability for having violated the Shipping Act. On January 15, […]
On Tuesday, January 14, 2020 at 1:00pm ET, GKG Law's Keith Swirsky led a webinar on the topic "Options for Allowing Third Parties to Use Your Aircraft – Income Tax, Excise Tax and Sales Tax Considerations." This webinar provided an overview of (i) options available in connection with allowing affiliated persons and unaffiliated third parties to utilize […]
Ed Greenberg Co-Authors article entitled History of Trucking Regulation that was published by the Transportation Lawyers Association. View as PDF
On December 10, 2019, GKG Law's Keith Swirsky participated as a panelist on the Aviation International News (AIN) webinar "Necessary Steps to a Successful Aircraft Transaction." Throughout the aircraft buying and selling process, there are several steps where the deal could go sideways, including miscommunication, ethics issues, misunderstanding of regulations, and any number of traps for the unwary. During […]
On December 5, 2019, GKG Law's Oliver Krischik led a Lorman CLE webinar on the topic "Office of Foreign Assets Control Risk Assessment." The webinar addressed the May 2, 2019 release of new guidance by the Office of Foreign Assets Control (OFAC) stating that holistic sanctions “Risk Assessments” must be a part of a company’s Sanctions Compliance […]
On Tuesday, November 19, 2019 at 1:00 pm ET, GKG Law's Keith Swirsky and Ryan Swirsky led a detailed webinar on the "Federal Income Tax Treatment of Personal Use of Aircraft." This webinar provided an overview of federal tax issues that arise due to personal use of business aircraft including income inclusion rules, excise tax implications of cost reimbursements, effect of […]
In the world of Facebook, Twitter and #METOO, inappropriate behavior can instantly land your association in the unforgiving spotlight of social media—and the even harsher legal spotlight. It’s critical to be proactive. You need strong, specific policies that minimize the likelihood of issues. If situations do arise, you need ready-to-implement procedures that empower your staff to limit potential financial […]