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.

International Tax Considerations in Light of South Dakota v. Wayfair, Inc.
January 2, 2019

U.S. sales and use tax is governed on a state and local level. Compliance with rules and regulations has always been a challenge for multinational companies.

FASB Provides Additional Clarification on the New Lease Standard
January 2, 2019

The Financial Accounting Standards Board (FASB) recently issued an amendment to Accounting Standards Update (ASU) No. 2016-2, Leases (Topic 842) released on February 25, 2016.

To Gift or Not to Gift?
December 17, 2018

The IRS recently issued Proposed Regulation §20.2010-1 which addresses previously raised questions regarding taxpayers who may be interested in taking advantage of the increased lifetime basic exclusion amount (BEA).

IRS Addresses Taxation of Qualified Transportation Benefits
December 17, 2018

Recently, the Internal Revenue Service (IRS) issued interim guidance (Notice 2018-99) concerning the tax treatment of certain qualified transportation fringe benefits (QTFBs) expenses paid or incurred after December 31, 2017.

International Tax Insights | December 2018
December 14, 2018

We are pleased to present our new e-publication International Tax Insights. It is our intention to regularly cover tax topics that affect businesses with international connections.

FinCEN Renews and Expands Geographic Targeting Orders for Residential Real Estate Deals
December 13, 2018

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) recently announced the six-month renewal of the existing Geographic Targeting Orders (GTOs) relating to money laundering concerns associated with all-cash purchases of high-end residential real estate properties.

Cyber Roundup – December 2018
December 12, 2018

Is your organization ready for a review of its current cybersecurity policies and procedures? How about a “phishing” test?

2018 New Jersey Tax Amnesty Program Is Active Through January 15th
December 10, 2018

The New Jersey Division of Taxation made its highly anticipated announcement on November 15, 2018 that the 2018 New Jersey Tax Amnesty Program, signed into law on July 1, 2018 by Governor Murphy, is active and will run through January 15, 2019.

Revolution in the Workplace: How Companies and Accounting Firms Can Win
December 7, 2018

Digitization, artificial intelligence and cloud-based systems herald a workplace revolution as temporary professionals come to the rescue.

2019 Focus of the IRS Tax-Exempt Division
December 4, 2018

Heading into a new fiscal year, the Internal Revenue Service (IRS) Tax Exempt & Government Entities (TE/GE) Business Operating Division recently announced that they will continue to execute compliance strategies, build better processes, and provide useful information and guidance on the Tax Cuts and Jobs Act (TCJA).

Reporting Management and General Expenses: Getting It Right under FASB ASU 2016-14
November 26, 2018

As required by the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities, not-for-profit organizations (NFPs) must include in their financial statements or note disclosures total expenses by function and natural class.

SEC Updates: Disclosure Requirements and Definition of Smaller Reporting Companies
November 21, 2018

The SEC recently issued two promulgations: (1) a rule change amending certain disclosure requirements, and (2) an amendment to the definition of a smaller reporting company. We have summarized the information contained in each.

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