The deadline for appealing Connecticut local property taxes is approaching. For many cities and towns, that date is February 20 unless the town has extended the deadline. If a property owner does not file a tax appeal application by the applicable deadline, the owner may waive the right to appeal Continue Reading
Tax Alert: Qualified Small Business Stock Tax Incentives Made Permanent
What happened? On December 18, Congress passed and the President signed into law the Protecting Americans from Tax Hikes Act of 2015 (the “PATH Act”), a measure that, among other things, retroactively renews, extends and makes permanent certain tax incentives that expired on December 31, 2014. Of Continue Reading
Plaster of Paris: US Companies Get Wrapped in EU Data Privacy Rules
Have any data on people in the UK or France? New EU data privacy rules will be setting de facto global standards that will apply to US companies, like it or not. Europe’s lawmakers have given a preview of the new General Data Protection Regulation, which will give European citizens Continue Reading
Court Extends Kemper Insurance Company’s Contingent Claims Filing Deadline
On November 2, 2015, the Circuit Court of Cook County, Illinois, entered an order granting a one-year extension of the deadline for filing proof of liquidation of an insured’s contingent claim for losses associated with insurance policies issued by Lumbermens Mutual Casualty Company, American Continue Reading
Expanding Cybersecurity Safeguarding Requirements, Reporting Obligations, and Cloud-Based Security: A Brief Guide to Understanding DoD’s Interim Rule for Contractors
The United States Department of Defense promulgated an “interim” rule, effective August 26, 2015, which placed imposing and costly burdens on all DoD contractors and subcontractors (including small businesses and commercial item contractors) in the areas of cybersecurity and cloud-based security. Continue Reading
Food and Beverage Industry Target of New Supply Chain Composition and Disclosure Suits. Are You Covered?
As if risks relating to product recalls, product labeling, and food contamination were not enough, the food and beverage industry now faces potential liability in connection with the alleged composition of its global supply chains. In recent months, several putative class actions have been filed in Continue Reading
SEC (Finally) Adopts New Equity Crowdfunding Rules, Promoting Increased Access to Capital and Democratization of Investment Opportunities
Late last week, the SEC adopted its final rules for equity crowdfunding under Title III of the JOBS Act. These rules, when implemented, have the promise of reducing the cost and increasing the availability of sorely needed capital for the early-stage and emerging growth companies that fuel our Continue Reading
Food Recall Events: The Importance of Evaluating Your Insurance Coverage Before a Voluntary and Mandatory Food Recall
Food recalls are on the rise as consumer protection regulations become more stringent, and they can be costly events. There can be significant expenses associated with removing impacted products from stores; reimbursing wholesalers, distributors and retailers; advertising the launch of a recall; Continue Reading
Changes in Retirement Plan Limitations for 2016
Please find below a link to information about the Internal Revenue Service's recently announced retirement plan limitations effective for 2016. Continue Reading
EPA Clean Power Plan Considerations: Wheeling Renewable Power
Here’s what you need to know about the opportunities and regulatory impacts. Investment in renewable generating capacity is a key building block of the U.S. Environmental Protection Agency’s (“EPA’s”) Clean Power Plan to reduce carbon dioxide emissions from electric power generators. Considering Continue Reading