Senate Releases Updates on “The One, Big, Beautiful Bill”
On June 17, the Senate Finance Committee released its much-anticipated reconciliation draft of “The One, Big, Beautiful Bill.”
Middle-Market M&A Outlook: Up, Down or Sideways
M&A transaction volume in North America for the Q1 2025 after all deals are reported is expected to be approximately 4,650.
Navigating New York’s Partnership Audit Overhaul
Read on for a summary of the new procedures, key deadlines and elections, material city differences and an illustrative example.
Foundations Breathe a Sigh of Relief – Senate Releases Its Version of The One, Big, Beautiful Bill
Most of the proposed provisions that would have directly impacted private foundations were removed.
US House of Representatives Approves Rescission of Federal USAID Grants
The USAID recissions package is only part of the administration’s efforts to reduce the country’s current $36 trillion deficit.
Getting It Right in Year One: Navigating GASB 103 Requirements
GASB Statement No. 103, Financial Reporting Model Improvements, is effective for fiscal years beginning after June 15, 2025.
Maryland Budget Has Key Tax Provisions for Tech Services and High-Income Taxpayers
This legislation will bring significant tax changes for businesses providing certain technology services and for high-income taxpayers.
PKF O’Connor Davies Achieves CyberAB Authorization as CMMC 3rd Party Assessment Organization (C3PAO)
PKF O’Connor Davies (“PKFOD”) (“the Organization”), one of the nation’s largest accounting, tax and advisory practices, is pleased to announce it has achieved fully authorized status from the CyberAB as a CMMC 3rd Party Assessment Organization (C3PAO).
Transitioning to Daily Computations of the Customer Reserve Formula
Required or not, transitioning to daily calculations is generally a sound strategy, providing several long-term benefits.
Fame Shouldn’t Equal Vulnerability
From prominent cases of stolen millions to the quiet, slow siphoning of wealth, embezzlement by business managers is all-too-common.
10 Business Strategies to Navigate Tariffs and Tax Uncertainty
Regardless of what the future holds, it’s crucial for businesses to strategize and plan proactively.
PKF O’Connor Davies Welcomes Rainer & Company
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, today announced the addition of Philadelphia-area firm, Rainer & Company.