Insights
Due Diligence: Four Questions to Make Smarter Acquisitions
Private equity firms, lenders, lawyers and other interested parties conduct due diligence to kick the tires on a potential transaction or target acquisition.
PKF O’Connor Davies Names Industry Veteran its Head of Business Development in Hudson Valley, New York
Partner Thomas P. Kennedy brings decades of experience serving Hudson Valley through professional career and community involvement.
PKF O’Connor Davies Named ‘Tax Advice’ Award Winner by Family Wealth Report
Industry honor recognizes Family Office Division for excellence in private client category at FWR Awards 2017.
990-PF: Avoiding Some Common Pitfalls
With the closing of the calendar year, the focus of many private foundations shifts toward the planning and preparation of Form 990-PF, Return of Private Foundation.
Guidelines for Substantiating Hardship Distributions from a 401(k) Plan
According to current guidelines, 401(k) plans may provide that an employee can receive a distribution of his or her elective contributions due to a financial hardship arising from certain events such as medical bills, tuition payments or purchase of a principal residence.
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.