Insights

New York State is on a hunt for increasing personal income taxes on nonresidents. Its method: expanding the definition of a nonresident individual’s source income. Nonresidents, of course, are the easiest of targets. They don’t vote in the state.

Recently, the American Institute of Certified Public Accountants (AICPA) formally requested the Internal Revenue Service (IRS) to consider making suggested changes to the 2018 Form 990, Return of Organization Exempt from Income Tax, that conform with new financial statement reporting changes required under the Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities.

Buyers of businesses are often eager to get the deal done. But tax due diligence may be worth the wait. There can be a significant impact on the market value of a target company. State and Local Tax (SALT) issues, in particular, can sometimes be deal breakers.

Before we get to this month’s cyber events — which many of you may consider to be “jaw-dropping” in their intensity and reach — let’s be reminded of the FBI’s list of steps that should be taken to help protect your computer from intrusion.

The Tax Cuts and Jobs Act could very well benefit many taxpayers due to the corporate and individual tax rate reductions.

The effects of the new tax law are wide-ranging.

Bringing together professionals from tax jurisdictions around the world, PKF International Limited has codified recent tax changes by country for those individual and business clients with multi-national connections.

The effects of the new tax law are wide-ranging and this newsletter will focus on compensation provided to certain employees by private foundations and tax-exempt organizations.

It’s been one year since Cyber Roundup was launched.

The effects of the new tax law are wide-ranging and getting out information to our clients is our goal.

As 2018 progresses, market volatility has returned to US equity markets.