Insights
Defining Disqualified Persons of Private Foundations
Recently, we received certain inquiries on the definition of “disqualified persons” at a foundation. In connection therewith, we hope this bulletin will serve as a reference defining a disqualified person and helping to ensure that self-dealing at the private foundation does not occur.
Post the TCJA: Lifetime Gifting
As part of the extensive changes made by the Tax Cuts and Jobs Act (TCJA), often overlooked are the increased lifetime gift, estate and generation-skipping transfer (GST) tax exemptions.
Reviewing and Updating the Fiscal Policies and Procedures Manual
By Gus Saliba, CPA, Partner A charter school’s Fiscal Policies and Procedures Manual (FPPM) provides management and the board of trustees […]
PKF O’Connor Davies Welcomes Hodulik & Morrison, PA
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today that Hodulik & Morrison, PA, an accounting and auditing firm based in Highland Park, NJ, has joined the Firm.
Cyber Roundup – May 2019
Imagine if your organization were subjected to any one of the cyber infiltrations reported in this month’s Cyber Roundup.
R&D Tax Credit: Court Emphasizes Need to Document Project Qualifications
Claiming the federal research tax credit is easier and more beneficial than ever. Federal law and IRS regulatory changes have made that so.
PKF O’Connor Davies Announces New Practice Area Specializing in the Cannabis Industry
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today that Noam Hirschberger will serve as the leader of the Firm’s new practice area focused on the rapidly expanding cannabis industry.
PKF O’Connor Davies Hires Christopher P. McPhee as Chief Information Officer
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today it has hired Christopher P. McPhee to serve as Chief Information Officer.
Saying “Thank You” Has Never Been More Important
The Internal Revenue Service (IRS) issued definitive final regulations in July 2018 that enacted changes to the substantiation and reporting requirements for charitable contributions and are effective beginning July 30, 2018.
IRS Issues Its Updated Operational Compliance List
The Internal Revenue Service (IRS) recently issued its Operational Compliance List (OCL) to help plan sponsors and practitioners achieve operational and “form” (i.e., plan documentation) compliance by identifying changes in qualification requirements effective during a calendar year.
Findings on Reviews of Restated 403(b) Plans
Our Employee Benefits Services Group (EBSG) has expended a lot of time reviewing restated 403(b) plan documents that record keepers, third party administrators, or other plan document preparers have provided to plan sponsors to review.
PKF O’Connor Davies Listed in Vault Accounting 50 List of Top Accounting Employers in North America
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, announced today it has once again been named to the Vault Accounting 50, a ranking of the 50 best accounting employers to work for in North America.