Insights

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.

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(PTE) tax effective for tax years beginning on or after January 1, 2021 and ending before January 1, 2026, unless repealed sooner.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

Ransomware gangs do not, and will not, discriminate as to their targets. Everyone at this point needs to have a solid plan in place to not only prevent a ransomware attack, but also how to respond should one occur.

The IRS recently began sending the first of six monthly payments comprising the prepayment of the 2021 Child Tax Credit.

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.

Fighting its reputation as a high tax state, Connecticut did not raise general tax rates this year.