Insights

The winter edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.

Healthy skepticism can help avoid falling for phishing schemes and way-out-there data equipment/systems scams; testing can help ensure that the data system actually works and supports your company’s stated policies and procedures; and, knowledge allows for expanding data enhancements and securing the necessary and appropriate hardware, the software and the data.

The Amazon Effect is a term often used to describe the dominance of Amazon in the e-commerce space as well as the impact of that dominance on consumer companies.

As we previously reported in our December 2019 bulletin, the “Further Consolidated Appropriations Act, 2020” included a provision retroactively repealing the unrelated income business tax on qualified transportation fringe benefits (QTFB).

As a way to circumvent the $10,000 state and local tax deduction cap, New Jersey Governor Phil Murphy signed the Pass-Through Business Alternative Tax Act (“Act”) on January 13, 2020.

With the new year and the new decade comes new information that employers and participants will need to know in the employee benefits sphere.

The decade ended the way it began – with cybercrime in the headlines. As we ease into the 2020s, however, more ways to combat it and more laws to protect us against it are being devised.

Albert Einstein once said, “The measure of intelligence is the ability to change.” Congress must be the most brilliant legislative body around because it has again made a number of tax law changes in the latest year-end appropriations bills.

The Taxpayer First Act of 2019 (Act) was signed into law last year. This legislation aims to expand and strengthen taxpayer rights and to reform the IRS into a more taxpayer-friendly agency by requiring it to develop a comprehensive customer service strategy, modernize its technology, and enhance its cyber security.