The New Bipartisan Tax Deal – What You Need to Know
On Tuesday, January 16, 2024, a bipartisan group of Congressional legislators announced agreement on the Tax Relief for American Families and Workers Act of 2024.
Vendor Tax Compliance: What You Need to Know
We recently received an increasing number of inquiries regarding tax compliance with respect to payments to vendors.
Optimization of ESOP Value and Rewards Programs
A large number of sponsors of employee stock ownership plans (ESOPs) are faced with complex issues relating to their rewards programs.
Family and Corporate Governance: The Cornerstone of Successful Private Business Owner Succession
Family and business governance are designed to support the family and help the business achieve clarity, neutrality and sustainability.
Employee Benefit Plans Alert – January 2024
Read insights from PKF O’Connor Davies on Employee Benefit Plan alerts for January 2024.
Global Mobility: Taxation of 401(k) Payments in Non-U.S. Jurisdictions — Germany
The U.S.-German tax treaty allocates the right to tax 401(k) payments that German tax residents receive solely to Germany.
The Secret Ingredient for A Successful Dental Team
In the current employment market, dental practices are struggling to find qualified team members.
IRS Announces New ERC Voluntary Disclosure Program
The IRS announced a voluntary disclosure program for taxpayers who believe they have received the Employee Retention Credit erroneously.
2023 Private Foundations Year-End Wrap Up
As the year comes to a close, we are reminded of the complex issues and opportunities available to private foundations.
IRS Launches Transfer Pricing Initiative to Review Intercompany Transactions of Multinational Groups
The Internal Revenue Service (IRS) has launched an initiative to identify taxpayers that may not be compliant with U.S. transfer pricing rules [§482 of the Internal Revenue Code (IRC) and regulations thereunder].
NYDFS Announces Second Amendment to Cybersecurity Regulations
Last month, the New York State Department of Financial Services released a second amendment to its cybersecurity regulations.
IRS Delays $600 Threshold Reporting Requirements for Form 1099-Ks
With 2024 right around the corner, taxpayers should be aware of the $5,000 reporting requirements from TPSOs.