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 MORERemote Working Is Here to Stay: Is Your Business Ready for Its New State Tax Responsibilities?
Undoubtedly, the pandemic has impacted how and where we work. Our response to it has left a transformational work-related legacy: Telecommuting. In varying degrees, remote working is rapidly becoming the new normal for many businesses.
Private Operating Foundations – The “Hybrid” Vehicle
While most individuals in the philanthropic world are acquainted with private “non-operating” foundations and public charities, a subset or sub-classification of private foundations often goes unnoticed.
California ‒ Latest State to Provide SALT Relief via Pass-Through Entity Tax
California joined the growing list of states by recently enacting a pass-through entity (PTE) tax effective for tax years beginning on or after January 1, 2021 and ending before January 1, 2026, unless repealed sooner. T
Cyber Roundup – July 2021
Ransomware gangs do not, and will not, discriminate as to their targets. Everyone at this point needs to have a solid plan in place to not only prevent a ransomware attack, but also how to respond should one occur.
IRS Begins Child Tax Credit Payments
The IRS recently began sending the first of six monthly payments comprising the prepayment of the 2021 Child Tax Credit.
Treasury Green Book: Proposals to Change U.S. Tax Rules Impacting Foreign Investors
The U.S. Treasury published “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” on May 28, 2021. The document, that is also called the “Green Book,” includes President Biden’s proposals to make changes to the Internal Revenue Code (Code).
SPAC Warrant Valuation: Insights and Considerations
The SEC’s Statement on Accounting and Reporting Considerations for Warrants by Special Purpose Acquisition Companies (SPACs) issued April 12, 2021 (the SEC Statement) has resulted in a SPAC issuance decline, at least temporarily.
Connecticut: New Tax Amnesty, Cannabis Tax, Tax Phase-Out Delay – But No Increase in Tax Rates
Fighting its reputation as a high tax state, Connecticut did not raise general tax rates this year.
New York State Pass-Through Entity Tax: An Overview (So Far)
In keeping with its northeast neighbors, namely Connecticut and New Jersey, New York State (NYS) enacted a pass-through entity (PTE) tax.
The Forensic Accountant’s Role in Estate and Trust Matters
Forensic accountants are educated, highly-trained, experienced and credentialed professionals who employ investigative techniques and provide detailed analysis of financial information in conjunction with a variety of activities.
Cyber Roundup – June 2021
Cyber-related crimes are a global threat. As we celebrate graduations this month, it’s no surprise we see a prominent college cap and gown seller suffer a credit card breach.
HHS Reporting Requirements for Provider Relief Fund General and Targeted Distributions
The U.S. Department of Health and Human Services (HHS) recently issued reporting guidance to recipients of Health Resources and Services Administration (HRSA) Provider Relief Fund (PRF) payments.