PKF O'Connor Davies Accountants and Advisors
PKF O'Connor Davies Accountants and Advisors

Articles

Need help getting started?

Contact Us
Click Here to Access Our COVID-19 Resource Center

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.

LEARN MORE

The Inflation Reduction Act of 2022 (IRA) brought new and expanded energy tax credits for taxpayers. It also provided an opportunity for tax-exempt entities, state and local governments and tribes (collectively “non-taxpayers”) to receive subsidies in lieu of the clean energy tax credits.

In the sustainability sector, some accounting professionals believe that business-sponsored organizations should establish new disclosure expectations.

The Financial Accounting Standards Board (FASB) recently issued a proposal that would require public business entities to provide detailed disclosure in the notes to financial statements about specific expense categories on an annual and interim basis.