Welcome to DUGGAN BERTSCH, LLC — A law firm dedicated to thoughtful, innovative and uncompromising legal representation for the Private Client.

The needs of the private client are both pointed and diverse. While you require the advanced skills of a specialist, you also have diverse needs that must be understood and integrated by your lawyer. With its broad base of multi-degreed, multi-disciplinary attorneys, DUGGAN BERTSCH is uniquely positioned in the legal space to best serve the needs of Private Clients.

We look forward to showing you the DUGGAN BERTSCH difference.

 

News From DUGGAN BERTSCH

The “Fair Tax for Illinois," Possibly to Become Known as "I’m Leaving for Florida," By Michael H. Israel, M.A., J.D., LL.M. (Taxation)

With the looming vote on the “Fair Tax for Illinois,” state residency planning has taken on new importance. The coverage to date regarding the proposed “Fair Tax For Illinois,” largely tainted by political bias, has been anything but clear.  

The proposal is simple enough, though – it intends to change the existing Illinois income tax structure from one rate to a series of graduated rates.   The impact, however, is neither certain nor clear.

First, the existing flat tax is mandated by the Illinois Constitution, which is why the rate system can only be changed by amending the Illinois Constitution.  Doing so is a complex and difficult process, making systemic tax changes difficult.

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Timothy Liam Epstein named one of Billboard Magazine’s top music lawyers of 2020

Please join DUGGAN BERTSCH, LLC in congratulating our partner, Timothy Liam Epstein, Esq., for being named one of Billboard Magazine’s top music lawyers of 2020 for his work on behalf of clients in the live entertainment space.  Tim is one of the featured attorneys in the introductory piece discussing how he has helped guide his clients through this time of unprecedented economic and social upheaval.

Tim leads DB’s Entertainment, Events, & Festivals Practice Group.  While our entertainment practice is comprehensive in expertise, our focus is on serving the needs of business owners in the entertainment industry.  From promoters to ownership, we are well-attuned to client expectations and the unique demands of running a business in the entertainment industry.

Paycheck Protection Program Flexibility Act: Forgiveness Relief

Last week Congress passed H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020 (PFA), significantly amending certain provisions in the Paycheck Protection Program (PPP) relating to a borrower’s loan forgiveness relief requirements. The President subsequently signed the PFA legislation into law which provides PPP borrowers with the following favorable modifications that should enable more, if not all, of their PPP debt to be fully forgiven:  Click Here to Read More

Alert: SBA Issues Loan Forgiveness Application

The Small Business Administration (SBA) has just released its Paycheck Protection Program (PPP) Loan Forgiveness Application along with instructions for borrowers on how to apply for forgiveness of such loans (for a copy of the application, please click here). The application, to be submitted by the borrower to their lender, reflects some additional clarifications and borrower-friendly guidelines which are highlighted as follows:
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All Cook County Properties to be Re-Assessed in 2020 Due to COVID-19

The Cook County Assessor’s Office recently announced updates to its assessment and appeal process in response to the coronavirus pandemic.  Normally, one-third of Cook County is reassessed in any given year, but due to the projected impact of COVID-19 on property values, the Assessor announced adjustments are planned across the entire county.  Continue Reading...