Winter 2022 – Employee Benefits Alert
The Internal Revenue Service (IRS) issued an information letter to provide guidance regarding the taxation of a cash refund of any unused transportation benefit.
Starting in 2022 R&D Expenses Must Be Amortized Over 5 Years
One delayed tax impact of the 2017 Tax Cuts and Jobs Act (TCJA) went into effect as of January 1, 2022.
Provider Relief Fund Reporting Reminder
The Provider Relief Fund (PRF) portal is open for reporting PRF payments received by entities from July 1, 2020 to December 31, 2020 (Period 2).
The 2022 New York State Pass-Through Entity Tax Election
The New York State Department of Taxation and Finance (Taxation) issued Technical Memorandum TSB-M-21(1)C, (1)I (TSB-M) August 25, 2021.
Audit Threshold Changed for New Jersey Not-for-Profits
Governor Murphy recently signed legislation which revises the threshold of total gross revenue received by a New Jersey not-for-profit organization
2021 Available Federal Tax Credits and Deductions
Throughout the pandemic, Congress introduced several stimulus packages to help taxpayers and relieve some of the economic burden caused by the coronavirus, many of which were still applicable in 2021.
2021 M&A Recap – and a Look Ahead
The M&A market just finished a record setting year. Compared to 2020, both the number of deals and deal value were up significantly. This robust growth was across all deal sizes but was especially pronounced for deals over $1 billion.
Webinar Replay: Selling Your Company in Today’s M&A Market
Today’s economy offers a trio of favorable conditions for mergers and acquisitions: a strong stock market, low interest rates and […]
PKF O’Connor Davies Announces 2022 Partner and Principal Promotions
PKF O’Connor Davies, LLP, one of the nation’s largest accounting and tax firms and PKF O’Connor Davies Advisory announced today that 16 employees have been elevated to key leadership positions within the Firm.
Refresher on Expenditure Responsibility and Equivalency Determination
As many in the private foundation community know, private foundations are allowed to distribute grants to organizations other than public charities ‒ such as foreign entities, for-profit entities, individuals, and other private foundations ‒ on condition that the disbursements are strictly for charitable purposes and certain steps are taken.
Accounting Treatment of Intermittent Casualty Losses for a Low-Income Tax Credit Property
In the aftermath of a disaster like a flood, fire or other casualty there can be a lot of confusion when dealing with the insurance company on whether or not the loss is covered.
Maryland Announces Filing Date Extension for 2021 Individual Income Taxes
The Maryland comptroller announced a three-month filing and payment extension for 2021 Maryland individual income taxes.