Massachusetts Update: Partnership Interest Sale Decision and the Fair Share Amendment Ballot
Massachusetts continues to be active in the state tax space.
The New Commercial Clean Vehicle Credit
The Plug-In Electric Vehicle Tax Credit under Internal Revenue Code (IRC) Sec. 30D was originally enacted with the Energy Improvement and Extension Act of 2008 and has been extended multiple times since its enactment.
Cyber Awareness Month – A 2022 Perspective
October has been designated as Cybersecurity Awareness Month; very appropriately, it’s also the month of ghosts and goblins.
Charitable Galas and Events: Potential Self-Dealing
With the increase of organizations returning to in-person fundraising galas and benefit events, it is a good time for a reminder on self-dealing directives that should be considered prior to attending these events
Cyber Roundup – September 2022
Cybercriminals predictively continue to outdo their tricks in enticing us to fall for their money-making ploys. This month you will see that call-back phishing ‒ which evades computer security filters ‒ has become popular.
The Phase-Out of Bonus Depreciation and Its Effect on Your Business
Since 2017 under the Tax Cuts and Jobs Act (the Act), businesses have been benefiting from a provision which has allowed 100% bonus deprecation on qualified assets.
Adding Value to Your Dental Practice
Transitioning a dental practice to a new owner is the most financially advantageous way to be compensated for the value of your practice.
10 Business Strategies to Prepare for a Recession
In an economy plagued by a pandemic, increased government spending and supply chain issues, the threat of a recession is keeping business owners awake at night.
Foreign Currency Guidance Deferred Again
The IRS recently announced that it intends to defer again, by one additional year, the applicability dates of 2016 foreign currency final regulations and related 2019 final regs.
PKF Worldwide Tax Guide for 2022/23
The latest edition of the PKF Worldwide Tax Guide for 2022/23 is now available for download. This annual publication provides […]
ASU 2016-02 and Considerations for Grantmakers
The Financial Accounting Standards Board (FASB) initially issued Accounting Standards Update (ASU) No. 2016-02 on Leases (Topic 842) over six years ago in an effort to increase transparency and bring consistency in the treatment of operating and finance leases.
A Q&A on the Electric Vehicle Tax Credit
The Inflation Reduction Act of 2022 (the Act), recently signed by the President, includes changes to the Plug-in Electric Vehicle Tax Credit (now known as the Clean Vehicle Credit).