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 MORECybersecurity Guidance for Retirement Plans
For the first time, the Department of Labor (DOL), through its Employee Benefits Security Administration (EBSA), is offering guidance to plan sponsors, fiduciaries, record keepers and other service providers, as well as plan participants, on maintaining cybersecurity.
Defined Contribution Plan Restatements Must Be Completed by July 31, 2022
The Internal Revenue Service (IRS) announced that employers who sponsor defined contribution retirement plans through the adoption of an IRS pre-approved plan document will have until July 31, 2022 to adopt a new pre-approved plan document.
Doing Business in the U.S.
This guide covers an array of topics relative to conducting commercial enterprises, including forms of business organization, federal and local taxation and incentive matters, as well as reporting requirements for resident and non-resident aliens and so much more.
Direct Charitable Activities ‒ Beyond Grantmaking
Private foundations are generally known for their grantmaking programs.
The Employee Retention Credit Q&A
By now, many businesses have become aware of the Employee Retention Credit (ERC) that it was enacted as part of the CARES Act but initially considered an afterthought.
IRS Revised Priority Guidance: Employee Plan Examinations and Compliance Initiatives
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.
SPACs – Investor Risk Considerations, the “Dos,” the “Don’ts” and the Disclosures
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.
Cyber Roundup – April 2021
It may be that numbers don’t lie, but in the cyber world they sure can engender trepidation. Cybercrime is constantly on the rise and is expected to be $6 trillion in 2021.
Municipal Budgeting During the Pandemic
The pandemic has been difficult on everyone, both individuals and businesses. We see it in the news on a daily basis.
2021 Focus Areas of the SEC Division of Examinations
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.
What New York School Districts Need to Know About GASB 84
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.