Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
LEARN MOREOpportunity Zones: The Family Opportunity Zone Fund
Over the years, PKF O’Connor Davies has striven to remain at the forefront of financial solutions for our global as well as domestic family office (FO) clients.
Robert Raiola, @thesportstaxman, was published on Fox Business online
Robert Raiola — @thesportstaxman — was published this weekend on Fox Business online. See his article Bryce Harper’s Phillies deal […]
Does My Rental Property Qualify for the New 20% Deduction?
That’s a good question, and one that affects tens of thousands of taxpayers for the 2018 filing year. Included in the Tax Cuts and Jobs Creation Act of 2017 is a deduction for up to 20% of income generated from a qualified business.
Liquidity Takes the Spotlight at Institutions of Higher Education
As many colleges, universities and their related foundations gear up to implement Accounting Standards Update (ASU) 2016-14 – Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities, one thing has become clear: liquidity is now a significant new disclosure which deserves important consideration.
Take Your Accounting and Financial Functions to the Next Level
Over the past two years, we have noted a significant increase in interest among our clients in transforming their accounting and financial functions into high-performing units.
ASU 2016-14 Impact on Financial Statement Presentation for Private Foundations
The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities (NFPs).
Implementing the New Revenue Recognition Standard
The Financial Accounting Standards Board (FASB) issued accounting standards update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) in May 2014, almost five years ago.
Opportunity Zone Funds: Structuring and Operational Considerations
Everyone seems to be talking about Opportunity Zones these days and understandably so. Not only does the new legislation provide for the deferral and partial forgiveness of tax on capital gain income from any source, it also allows for investment of those gains to grow tax free if held for a minimum of ten years.
Synthetic FOB Destination Sales
Many manufacturers and distributors ship their goods using “free on board” (FOB) shipping point terms, where title legally transfers at the time of shipment.
Power Purchase Agreements — Navigating the Complex Accounting Landscape
As renewable energy technology continues to improve, it has become less expensive to purchase and increasingly popular.
Changes: 2018 Form 5500 Annual Return/Report
Many of you are now gathering the necessary information to prepare your organization’s employee benefit plan(s) IRS Form 550, Annual Return/Report for 2018.
PKF Worldwide Tax Update
If you or your business have global connections, you will want to access the first quarter 2019 edition of the PKF Worldwide Tax Update. It is a compendium of notable tax changes from around the world, each followed by the commentary of PKF international tax professionals.