PKF O'Connor Davies Accountants and Advisors
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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.

IRS Launches Significant Step Toward Modernizing Its Information Returns Intake System (IRIS)
February 2, 2023

The Internal Revenue Service (IRS) announced the opening of its new, free portal to file electronically the 1099 series of information returns.

Crypto Asset Industry: The Mapping and Overlapping of Government Regulators
February 1, 2023

Businesses engaging in activities involving crypto assets may be subject to rules and regulations by the relevant U.S. federal authorities.

Audit Planning Considerations for Private Foundations
January 27, 2023

Foundations that undergo an annual financial statement audit should begin to plan for it now to ensure that the audit is as efficient and seamless as possible.

Best Practices: New York State Town and Village Justice Court Audits
January 26, 2023

The New York State Justices and Governing Board are responsible for the financial affairs of the Justice Court, including establishing and maintaining an effective system of internal control.

The Life Cycle of Low-Income Housing Tax Credits (LIHTC) | Part 2 – Development
January 25, 2023

The LIHTC credits are awarded based on the eligible cost basis of the residential property which has been designated for the set aside.

Brazil’s Transfer Pricing Changes and Impact on U.S. Foreign Tax Credit
January 24, 2023

The Brazilian government recently issued draft legislation, Provisional Measure 1152 (MP 1152) to align the transfer pricing system in Brazil with the transfer pricing guidelines of The Organization for Economic Cooperation and Development (OECD).

Capital Planning and Financing Considerations for Private Clubs
January 19, 2023

The private club exists to provide an experience to members. The perceived value of that experience can depend heavily on a club’s capital assets.

Cyber Roundup – January 2023
January 19, 2023

None of us is safe as individuals or businesses from a cyberattack; however, taking steps before it actually happens can prevent its eventuality.

2023 Risk Outlook: A Rocky Road Lies Ahead
January 17, 2023

As we enter 2023, we are facing another year of uncertainty marked by high inflation, the possibility of a recession and the evolving health and safety concerns related to what some call a “triple-demic” with multiple respiratory viruses now in circulation.

Modern Financial Operations for Small Businesses
January 17, 2023

Small businesses solve daily challenges, including business growth, changing regulations, a tightening labor pool environment and rapidly evolving customer preferences.

PCAOB Proposes New Standard for Audit Confirmations
January 13, 2023

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.

IRS Final Regulations: The Affordable Care Act (ACA)
January 10, 2023

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.

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