Insights
IRS to Issue Advisory and Opinion Letters for 403(b) Plans
According to the IRS, opinion and advisory letters (i.e., for prototype and volume submitter type of plans, respectively) are expected to be issued for 403(b) plans in the second quarter of 2017.
PKF O’Connor Davies Adds Leading Fraud Prevention Expert to Government Services Division
Partner Joseph Centofanti brings decades of experience in all aspects of governmental and not-for-profit accounting, auditing and consulting
The New Partnership Tax Audit Rules: Are You Prepared for Change in 2018?
A major shift has occurred in how the IRS will handle partnership tax examinations in the future. The IRS has created new centralized procedures for the audit, assessment, and collection of tax.
IRS Appeals: How to Navigate the Process
The Office of Appeals (“Appeals”) is a unit of the IRS which is separate and independent of the IRS Tax Examination Division (“Examination”) which conducts tax audits.
PKF O’Connor Davies Named ‘Best Private Client Audit Firm’ at Private Asset Management Awards 2017
Award recognizes the Family Office Services Division for best-in-class innovations and unmatched client satisfaction
Assessing the Merit of Grant Recipients: What Every Foundation Manager Should Know
Understanding the financial health of a prospective and/or a recurrent grant recipient is an essential function throughout the grant management process.
FASB Narrows the Definition of a Business
The Financial Accounting Standards Board (FASB or the Board) recently issued Business Combinations (Topic 805), Accounting Standards Update (ASU) 2017-01, Clarifying the Definition of a Business.
FASB Simplifies Measurement of Goodwill Impairment
Intangibles — Goodwill and Other (Topic 350), Accounting Standards Update (ASU) 2017-04, Simplifying the Test for Goodwill Impairment was recently issued by the Financial Accounting Standards Board (FASB or the Board).
Deal Synergies – Some Considerations
Part of any deal analysis includes the impact of synergies which, many times, becomes the prevailing reason to complete the deal in the first place.
Termination and Break-Up Fees
Most business sale/purchase agreements contain a termination agreement.
PKF O’Connor Davies Bolsters Government Services Division with Proven Expert David Gannon
New Partner brings decades of experience helping government organizations navigate complex regulations