Insights
Self-Dealing – IRS Temporarily Halts Certain 4941(d) Rulings
The Internal Revenue Service (IRS) issued on September 3, 2021 Revenue Procedure 2021-40 (2021-40), which stated that the IRS will place a temporary halt on issuing letter rulings or determination letters in relation to whether certain transactions are self-dealing within the meaning of Section 4941(d) of the Internal Revenue Code (the Code).
Webinar Replay: The Outlook for Equities and Proposed Tax Increases Targeting Investments
In this webinar, our experts discuss investing in this phase of the “COVID economy,” as well as how to navigate […]
Webinar Replay: Best Practices in Grantee Due Diligence
For most foundations, grantmaking is a major expenditure, which quite often can be very substantial. For this reason, it is […]
Webinar Replay: M&A Due Diligence – New Insights and Best Practices
For those considering buying, selling or investing in a business, performing due diligence and securing a sound quality of earnings […]
Ethan Nadelmann Joins PKF O’Connor Davies as Cannabis Practice Consultant
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, today announced that Ethan Nadelmann has agreed to serve as a Consultant to the Firm’s Cannabis practice.
Independent and Religious Schools: Reminder of IRS Requirements on Publicizing Racial Nondiscriminatory Policy
The IRS issued Revenue Ruling 71-1447 in 1971, which stated that racial discrimination in education is contrary to public policy.
Cyber Roundup – September 2021
While analyzing critical issues to explore in each issue of Cyber Roundup and working with our clients on their cyber challenges, I am continually astonished at the schemes bad actors conceive of to disrupt business, the economy and people’s everyday activities.
International Activities Conducted by Tax-Exempt Organizations, Center of Attention at the Internal Revenue Service
International activities conducted by tax-exempt organizations have been a high-focus area for decades.
PKF O’Connor Davies Welcomes Clear Thinking, LLC
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Clear Thinking Group, LLC, an award winning national bankruptcy and restructuring consultancy based in Hillsborough, NJ, has joined the Firm.
IRS Provides Hurricane Ida Relief to Parts of New York and New Jersey
The IRS announced that victims of Hurricane Ida will have until January 3, 2022 to file various individual and business tax returns and make tax payments.
SEC Approves New Board Diversity Rules for Nasdaq-Listed Companies
The Securities and Exchange Commission (SEC) recently approved new listing rules that will require Nasdaq-listed companies with six or more directors to have, or explain why they do not have, at least two diverse directors.
Have Your Cake and Eat It Too!
When the rules first came out, it was one or the other – Paycheck Protection Program (PPP) or Employee Retention Credit (ERC).