Cyber Roundup – September 2021
While analyzing critical issues to explore in each issue of Cyber Roundup and working with our clients on their cyber challenges, I am continually astonished at the schemes bad actors conceive of to disrupt business, the economy and people’s everyday activities.
What You Should Know When Your Corporation Faces an IRS Audit
As the COVID-19 pandemic struck the U.S hard in March of 2020 and still lingers into 2021, we are seeing less corporate tax audits at this time.
International Activities Conducted by Tax-Exempt Organizations, Center of Attention at the Internal Revenue Service
International activities conducted by tax-exempt organizations have been a high-focus area for decades.
PKF O’Connor Davies Welcomes Clear Thinking, LLC
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Clear Thinking Group, LLC, an award winning national bankruptcy and restructuring consultancy based in Hillsborough, NJ, has joined the Firm.
IRS Provides Hurricane Ida Relief to Parts of New York and New Jersey
The IRS announced that victims of Hurricane Ida will have until January 3, 2022 to file various individual and business tax returns and make tax payments.
SEC Approves New Board Diversity Rules for Nasdaq-Listed Companies
The Securities and Exchange Commission (SEC) recently approved new listing rules that will require Nasdaq-listed companies with six or more directors to have, or explain why they do not have, at least two diverse directors.
Have Your Cake and Eat It Too!
When the rules first came out, it was one or the other – Paycheck Protection Program (PPP) or Employee Retention Credit (ERC).
PKF O’Connor Davies Named a 2021 “Best Firm to Work For” by Accounting Today
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, is proud to announce that it has been named one of the “Best Firms to Work For” by Accounting Today.
M&A Deal Activity Continued to be Robust in Q2 2021
North American M&A deal activity remained strong in Q2 of 2021, following a strong first quarter in 2021 and a record breaking fourth quarter in 2020.
At Last, NYS Issues Guidance on Its New Pass-Through Entity Tax
This week ‒ finally ‒ the New York State Department of Taxation and Finance (Tax Department) issued a Technical Services Memorandum, TSB-M-21(1)C,(1)l, addressing open issues regarding New York’s new pass-through entity tax (PTET).
Self-Dealing – Frequently Asked Questions
Acts of self-dealing come in many forms, and it is vital that foundation managers and board members are mindful of the different types of self-dealing prohibitions and the potential consequences to the foundation and the individuals involved in the act.
Provider Relief Fund Update ‒ Looming September 30, 2021 Reporting Deadline
The CARES Act Provider Relief Fund (PRF) reporting portal has been officially opened and the reporting deadline for any combined PRF funds exceeding $10,000 received within the first reporting period (see table below) is due by September 30, 2021.