Private companies and nonprofit entities under common control may find relief in the expected update by the FASB. Read what they had to say here.
Optimizing Professional Services Real Estate Portfolios for Evolving Needs
As professional services firms adjust to shifting workplace norms — reevaluating their real-estate portfolios and workforce policies — one overarching priority has emerged: flexibility.
Preparing for a Merger or Acquisition? Check Out These 8 Tax Questions and Considerations
Whether you’re planning for or going through a merger, acquisition, or buying another business, understand these tax considerations before beginning the transaction.
Business Tax Implications of the Inflation Reduction Act (IRA)
The Inflation Reduction Act creates minimum corporate tax and pushes for renewable energy investments by businesses. Read more here.
Today’s Professional Services Industry Prioritizes Its Professionals: Do You?
Recent years have seen a surplus of headlines forecasting and preparing for a post-2020 work environment. Companies continue to face COVID-19 concerns in 2022. The reality is professional services firms face new and continued challenges that include navigating the tax implications of various work arrangements and attracting and retaining talent amid shifting labor trends.
4 Tips for Working With a Resource-Constrained IRS
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource constraints on taxpayer service. The following are some suggested best practices for dealing with the IRS in the current environment.
Debt Refinancing Transactions: Tax Issues and Opportunities
Debt is an important component of any company’s capital structure since it creates leverage to fund growth without raising capital for every expansion. Although interest rates continue to be historically low, concerns about their potential rise have caused many companies to consider refinancing existing indebtedness to “lock-in” current rates.
Plan Sponsor Alert: Revisiting De-Risking Options
Thanks to better returns and an uptick in discount rates used to value plan liabilities, the funding status of many defined benefit plans has improved to some of the highest levels since the Great Recession.
What to Do If You’re the Subject of a Sales Tax Audit (and Steps to Avoid One)
If your business is undergoing a sales tax audit or is worried about dealing with one in the future, here are tips to navigate, prepare for, and avoid a sales tax audit.
IRS Increases Mileage Rates Reimbursements for Second Half of 2022
The Internal Revenue Service will raise the optional standard mileage rate for the final six months of 2022 to help offset the rise in gas prices nationwide.