BW INSIGHTS

Celebrating Sam Long: #1 Professional Triathlete in the World

By BrownWinick | 05.08.2024

The BrownWinick Law Firm is delighted to celebrate client and professional triathlete, Sam Long, who achieved the remarkable feat of attaining the #1 world ranking according to the Professional Triathletes Organisation. His dedication, resilience, and unwavering commitment to excellence have cemented his place as a global leader in triathlon, and... Read More

Government Relations Legislative Update - Week Seven

By BrownWinick | 02.26.2024

Capitol Update The focus of the legislature this week turned toward Floor Debate. Mostly non-controversial bills were considered. According to Joint House and Senate Rule 20, during week #7 debate is limited to only Senate Files in the Senate and House Files in the House. The next two weeks of debate are not limited by that rule. Budget... Read More

Government Relations Legislative Update - Week Four

By BrownWinick | 02.05.2024

Capital Update Big news on Thursday with the Senate Ways and Means Committee Chair Senator Dan Dawson and the House Ways and Means Committee Chair Representative Bobby Kaufmann jointly releasing a tax reform package that will consist of two different bills (SSB 3141 and SSB 3142). The Press Release states the following:  “The first bill... Read More

Government Relations Legislative Update - Week Three

By BrownWinick | 01.29.2024

Capitol Update General Assembly Update. The third week of session was hectic with 176 subcommittee meetings scheduled. We expect this pace to continue as the first major funnel is fast approaching. By February 16, all bills must be voted out of the Committee of origin. That means the bill must be filed, subcommittee assigned, passed subcommittee,... Read More

Government Relations Legislative Update - Week Two

By BrownWinick | 01.22.2024

Capitol Update The second week of session picked up speed following Monday’s caucus events. On Wednesday the first “floor work” for the session was conducted. Both the House and Senate passed resolutions, SR 102 and HR 102, to recognize the term “brain health” as a term that may be used synonymously with the terms mental health, mental illness and... Read More

Remembering Marvin Winick: A Legacy of Leadership at BrownWinick

By BrownWinick | 01.19.2024

It is with heavy hearts that we bid farewell to Marvin Winick, a named partner at BrownWinick, who passed away on Wednesday at his winter home in Rancho Mirage, California. Marvin's legacy is deeply woven into the firm, leaving a lasting mark on both colleagues and the legal community at large. Marvin was a 1951 graduate of Des Moines North High... Read More

Government Relations Legislative Update - Week One

By BrownWinick | 01.16.2024

Capitol Update Iowa lawmakers returned to Des Moines on Monday to convene the second legislative session of the 90th General Assembly.  General Assemblies run in two-year cycles.  The second session is the shorter of the two, with the goal of sine die by April 16 this year.  Bills that were declared “dead” in the first session (2023) may be... Read More

Employee Retention Credit Withdrawal Process and Voluntary Disclosure Program

By BrownWinick | 12.21.2023

The Employee Retention Credit (the “ERC”) is a refundable tax credit against payroll taxes that was created under the CARES Act to help employers and employees affected by the COVID-19 pandemic by encouraging employers to keep employees. In short, the ERC could be claimed if there was a significant decline in gross receipts over certain periods, a... Read More

December 13, 2023 REC Summary

By BrownWinick | 12.15.2023

The Revenue Estimating Conference (“REC”) comprised of a three-member panel (Kraig Paulsen, David Underwood, and Jennifer Acton) met Wednesday (12.13.23) as part of their standard schedule of meetings to estimate future state revenues. A summary of the information discussed during the meeting is below, along with the linked spreadsheet distributed... Read More

IRS Issues Proposed Regulations for Long-Term Part-Time Employees

By BrownWinick | 11.29.2023

On Friday, November 24th, the IRS issued the long-awaited Proposed Treasury Regulations amending the existing Treasury Regulations for 401(k) plans and providing guidance relating to treatment of long-term part-time employees (“LTPTE”) within 401(k) plans. The LTPTE concept was codified by the Setting Every Community Up for Retirement Enhancement... Read More