Insights

Rhode Island has joined the ranks of states responding to the $10,000 federal limitation on the state and local tax (SALT) deduction that individuals can take on their federal income tax returns.

Recently, the AICPA released the first Statement on Standards for Forensic Services (SSFS). The statement was issued by the Forensic and Valuation Services Executive Committee of the AICPA (FVS Executive Committee).

Throughout the 2018 filing season, New York State informed fiduciary filers that New York State did not decouple trust and estate fiduciary income tax returns for the provisions promulgated under the 2017 Tax Cuts and Jobs Act.

In a progressively complex financial landscape, corporations are facing a growing number of civil claims filed by shareholders and other stakeholders alleging financial fraud or misappropriation of assets or funds. In response, building a civil defense becomes much like a game of chess – a match of skill and strategy.

It is critical to analyze the decision of entity structure early in the lifecycle of a business. The Tax Cuts and Jobs Act (TCJA) reduced the top corporate income tax rate to a flat 21 percent from a maximum tax rate of 35 percent.

An annual event for employee benefit plan administrators is the reporting of information to the government of the employee benefit plans sponsored by an employer.

While hope springs eternal, it’s probably safe to say that we will never be 100% inoculated against cybercrime. That’s why being on high alert continues to be the way to go.

It was a hot summer day last year when New Jersey enacted sweeping, last-minute, budget balancing Corporate Business Tax (CBT) changes. 

Are you a financial officer with a public company? Are you fascinated (or frustrated) by new pronouncements from the Financial Accounting Standards Board (FASB or Board)?

What is considered a direct charitable activity?  We are often asked this question by our clients and friends.

While it might seem counterintuitive to accelerate income into any tax year, a combination of President Trump’s temporary individual tax cuts and the stock market’s seesaw movement creates an opportunity to revisit Roth IRA conversions.

New York State (NYS) currently ranks third highest among the states in property tax collection. On average – according to one source – it collects nearly $7,000 per home.