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.
Over the past several years, there have been many changes in the not-for-profit world, including the types of assets that donors are contributing to organizations.
You will see below a variety of cyber-criminal pursuits that occurred in a short period including business e-mail compromises, ransomware activity demanding payoffs and malware attacks along with others.
When a taxpayer borrows funds, the deductibility of the related interest expense is determined by how the loan proceeds are ultimately used and not how the loan proceeds are collateralized. These are often referred to as the interest tracing rules.
Earlier this month, the IRS announced a new pilot program for pre-examination retirement plan compliance. The program is effective immediately.
North American merger and acquisition (M&A) deal volumes slowed down in first quarter 2022 after a record-setting 2021. Year-over-year deal volume decreased 11.5% over first quarter 2021. Deal activity, nevertheless, was still in line with that of the last five years.
You often hear a relative or friend describe dealing with the Internal Revenue Service (IRS) as “distressful.” In case you didn’t know, the answer may be to complete Form 911, Request for Taxpayer Advocate Assistance.
Fraud can come in many different shapes and forms, and it is vital for foundations to address the fraud risks that are specific to their operations.
With states anticipating a significant reduction in sales tax revenue, Sales and Use Tax Audits are on the rise.
The past decade has been difficult for higher education institutions – from enrollment decline to pandemic-related challenges – a number […]
In a recent article Advocates Worry Donor Fund Proposal Could Chill Legit Use, published in Law360, Tom Blaney, Director of […]
As you read through the cyber incidents recently occurring, you will note a real-world example of how much damage ransomware can inflict.
New York’s fiscal year 2022-2023 State Budget Bill (Bill) as well as subsequent legislation, recently signed by Governor Hochul, contains significant changes to the New York State (NYS) PTET and creates a New York City (NYC) PTET.