The Tax Exempt & Government Entities (TE/GE) Division of the IRS recently released their 2021 Program Letter outlining the priorities for their compliance program initiatives for the year.
In today’s capital markets, Special Purpose Acquisition Companies (SPACs) are a popular way for privately held companies to raise capital and provide liquidity to founders and executives.
NYS Budget Bill Includes Increased Corporate and Personal Income Tax Rates and a New Pass-Through Entity Tax
The New York State legislature and Governor Cuomo last week agreed on a budget for the year.
The U.S. Securities and Exchange Commission’s (SEC) Division of Examinations (the Division) ‒ formerly, the Office of Compliance Inspections and Examinations ‒ recently published its 2021 Examination Priorities.
The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), will create challenges and significantly affect the accounting and reporting requirements of most, if not all, school districts.
Far too often accountants and lawyers begin working together later than they should during the process of a fund launch for a mutual investment manager client.
The IRS announced on March 17, 2021 that they would be providing an automatic extension of time for federal income tax filings for individual taxpayers from April 15, 2021 to May 17, 2021, recognizing the continued limitations due to the pandemic and the significant changes affecting many taxpayers as a result of the American Rescue Plan Act, which became law last week.