The IRS has issued Revenue Procedure 2021-30 which updates its Employee Plans Compliance Resolution System (EPCRS).
One of the most important tax factors that founders and start-up investors should consider upon exit from their investment is whether their capital gain may be eligible to be excluded (partially or in full) from capital gain treatment under the “qualified small business stock” (QSBS) tax exemption.
Undoubtedly, the pandemic has impacted how and where we work. Our response to it has left a transformational work-related legacy: Telecommuting. In varying degrees, remote working is rapidly becoming the new normal for many businesses.
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that it has once again been named one of New Jersey’s Best Places to Work by NJBIZ in the Large Employer category.
While most individuals in the philanthropic world are acquainted with private “non-operating” foundations and public charities, a subset or sub-classification of private foundations often goes unnoticed.
California joined the growing list of states by recently enacting a pass-through entity (PTE) tax effective for tax years beginning on or after January 1, 2021 and ending before January 1, 2026, unless repealed sooner. T
The U.S. Treasury published “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals” on May 28, 2021. The document, that is also called the “Green Book,” includes President Biden’s proposals to make changes to the Internal Revenue Code (Code).
The SEC’s Statement on Accounting and Reporting Considerations for Warrants by Special Purpose Acquisition Companies (SPACs) issued April 12, 2021 (the SEC Statement) has resulted in a SPAC issuance decline, at least temporarily.