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As we gather information and documents for our 2022 business tax returns, it’s a good time to review how recently enacted federal tax laws.

One of the bulleted items this month concerns the breach of confidential customer data by a cellular service provider. In this particular case, the company failed to protect consumer information eight times in a five-year period.

The Regulations provide enhanced interpretation and expand upon the CPRA. Now approved, the Regulations will go into a 30-day review period and will likely take effect April of 2023.

This third and final installment on the subject covers the years following development.

Recently, the IRS has implemented a few safeguards and procedures as a result of the American Institute of Certified Public Accountants (AICPA) advocacy to ensure that only eligible businesses may claim the ERC.

Cloud computing is one of the fastest-growing technology sectors, both domestically and abroad.

The Internal Revenue Service (IRS) announced the opening of its new, free portal to file electronically the 1099 series of information returns.

Businesses engaging in activities involving crypto assets may be subject to rules and regulations by the relevant U.S. federal authorities.

Foundations that undergo an annual financial statement audit should begin to plan for it now to ensure that the audit is as efficient and seamless as possible.

The New York State Justices and Governing Board are responsible for the financial affairs of the Justice Court, including establishing and maintaining an effective system of internal control.

The LIHTC credits are awarded based on the eligible cost basis of the residential property which has been designated for the set aside.

The Brazilian government recently issued draft legislation, Provisional Measure 1152 (MP 1152) to align the transfer pricing system in Brazil with the transfer pricing guidelines of The Organization for Economic Cooperation and Development (OECD).