Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
The Public Company Accounting Oversight Board (PCAOB) recently issued for public comment a proposed new auditing standard, The Auditor’s Use of Confirmation, to replace in its entirety existing AS 2310, The Confirmation Process.
Employers with 50 or more full-time employees (including full-time equivalent employees) in the previous year will be required to file the IRS Forms 1094-C and 1095-C (the Forms) for the 2022 calendar year.
The long-awaited legislation intended to improve retirement plan savings opportunities for American workers was signed into law on December 29, 2022, as part of the Consolidated Appropriations Act of 2023.
As experienced investors know, significant geopolitical and macroeconomic events are important to understand in calibrating your investment risk strategy for the upcoming year. The recent 27TH Conference of the Parties (COP 27) led to material agreements between the participating nations across various different work streams for the ultimate goal of working together to reduce global warming to 1.5C degrees through the reduction in greenhouse gas emissions.
The low-income housing tax credit program, or LIHTC as it is called, was created as part of the 1986 Tax Reform Act, specifically in Section 42 of the Internal Revenue Code (IRC).
For private foundations with art collections or those anticipating receipt of artwork, valuation, donation and preservation are key areas of consideration. In this article, we aim to provide some of the more relevant considerations for private foundations with respect to artwork.
Long gone are the days when to be a “hacker,” you needed significant drive and technical knowledge to be a real threat.
The Employee Benefit Services Group at PKF O’Connor Davies is available to assist employers with all aspects of employee benefit plan compliance.
Financial buyers deploy significant resources to contact private companies to purchase a company below its true market value. Before agreeing to sell, here are some important Do’s and Don’ts for sellers to consider. Read more.
Taxpayers across many industries receive stock option grants as part of their compensation packages. There are multiple types of stock options, each of which yields unique tax results.
Beginning in 2023, taxable income over $1 million on any Massachusetts income tax return will be taxed an additional 4% on top of the State’s current income tax (which is 5% for all income except short-term capital gains which are taxed at 12%).
This article provides technical information on the excise tax, IRS statistical data and oversight, and some valuable considerations when entering into new or redesigning executive compensation