The A to Z of Tax Depreciation for Aircraft Owners: How to Maximize Deductions and More

GKG Law's Keith Swirsky conducted a National Business Aviation Association (NBAA) CPE webinar on Tuesday, October 13. During his session, The A to Z of Tax Depreciation for Aircraft Owners: How to Maximize Deductions and More, Keith discussed how best to maximize allowable depreciation deductions — a critical part of any tax planning strategy. Understanding the complex tax regulations […]

Treasury Expands Sanctions on Iranian Financial Institutions; Census Confirms BIS Rules for EEI Filing Requirements Under New MEU Rule

Secondary Sanctions on Iranian Financial Institutions On October 8, 2020, the U.S. Department of the Treasury designated 18 Iranian banks under Executive Order (E.O.) 13902 (2020), which effectively extends secondary sanctions to Iran’s entire financial sector. As a result, foreign financial institutions and companies may be subject to secondary sanctions, Specially Designated National (SDN) designations, […]

FMC Reviews Carrier Billing Practices

During the course of the Federal Maritime Commission’s (FMC) investigation of the demurrage and detention practices of the vessel operators in Docket No. 19-05, Interpretive Rule on Demurrage and Detention Under the Shipping Act, several parties raised concerns about why they should have been invoiced for any of those or other charges in the first […]

Business Aviation Update from Trusted Advisors: Separating Fact from Fiction

GKG Law's Keith Swirsky was invited to serve as a panelist for the Aviation International News (AIN) webinar "Separating Fact from Fiction," which took place on October 6. Keith and his co-presenters, Mesinger Jet Sales CEO/President Jay Mesinger and Solairus Aviation Chairman/CEO Dan Drohan, shared candid insights and opinions on the real state of the business aviation market, what to […]

STB: Effects of Board Expansion & Change

SURFACE TRANSPORTATION BOARD RISING TO FULL STRENGTH JUST AS BEGEMAN'S TERM CLOSES AND THE POLITICAL SEAS (POTENTIALLY) CHANGE. The United States Surface Transportation Board (STB) is on the verge of a significant transition. Coming changes are in the Board’s composition and the possible effects on its regulatory process. Rail transportation professionals should consider ways in […]

NBAA & NATA Submit Comments Addressing NPRM on FET Exemption for Business Aircraft Management Services

The National Business Aviation Association (NBAA) and National Air Transportation Association (NATA) joined forces to draft and submit to the IRS and Department of the Treasury detailed comments in response to the July 31, 2020 proposed Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services regulations. This notice of […]

Recommended Practices for Avoiding Discrimination in Hiring and Termination Decisions

GKG Law Principal Katie Meyer authored an article published by the American Society of Association Executives (ASAE) on September 24. See complete article here and below. Association HR staff should review policies and practices around hiring and termination to reduce the likelihood that implicit bias is influencing their process and leaving their staff less diverse. […]

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