PKF O'Connor Davies Accountants and Advisors
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.

Two Key Resources to Help You Get Ready for GASB 103
September 11, 2025

Big changes are on the horizon for governmental financial reporting. We can help you get ready now for the new GASB 103 requirements.

No Certification, No Contract: CMMC Rule 48 CFR 7021 Takes Effect November 10, 2025
September 10, 2025

The long-anticipated second rule making the CMMC a reality has been published in the Federal Register as of September 10, 2025.

Newsflash: Stay Alert — Fraudsters May Be Targeting Private Foundations
September 10, 2025

Criminals are impersonating Internal Revenue Service (IRS) agents in a new scheme centered around organizations’ retirement plans.

Critical CFO Tactics to Create and Protect Business Value
September 3, 2025

Read on to explore how the finance function of your company, led by the chief financial officer (CFO), can create and protect business value.

Private Foundations and Artwork: Key Considerations for Compliance and Stewardship
August 28, 2025

Private foundations that own, manage or receive art collections must understand the regulatory and operational requirements.

Employee Benefit Plans Alert — Summer 2025 Edition
August 27, 2025

Among the changes OBBBA brings are those related to student loan repayment assistance programs and Health Savings Accounts (HSAs).

How Sustainability is Reshaping NYC Real Estate
August 27, 2025

New York City’s real estate industry is undergoing significant transformation, with sustainability taking center stage.

Future-Proofing the Deal: CMMC Compliance as a Catalyst for Value and Exit Readiness
August 26, 2025

In today’s defense environment, cybersecurity has unquestionably become and will remain imperative to your business.

The IRS Reinterprets the Johnson Amendment: Churches May Now Be Provided an Exception
August 20, 2025

The recent IRS ruling and its reinterpretation of that Amendment has caused mixed reactions and is now being legally challenged.

Impact of OBBBA on IRS Section 174: Research and Development Expensing
August 18, 2025

Some of the most important changes in the OBBBA are the updates to the capitalization & amortization requirements of QRE.

State and Local Tax Update: CT, NJ and MA Budgets and CA Pass-Through Entity Tax Changes
August 13, 2025

Connecticut, New Jersey and Massachusetts budgets and California PTET changes introduce key tax updates.

Favorable Ruling Obtained on State Taxability of Separation Agreement Payments
August 12, 2025

When careers cross state lines, tax rules often bring surprises — and sometimes, big ones.

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