2016 News Archive

March 2016 Newsletter

In this issue:

  • Retirement Plan Options for 1099 Employees
  • Beware of Tax Scams
  • Documenting Your Charitable Donations
  • Expert Advice on Not-for-Profit Board Service
  • and more!.

May 2016 Newsletter

In this issue:

  • Are Investors Holding Too Much Cash?
  • 5 Factors to Consider When Designing Benefits Plans
  • Why Efficiency Isn’t the Only Thing that Matters
  • New Thinking About Predicting Corporate Risk
  • and more!

July 2016 Newsletter

In this issue:

  • IRS Regulations Restrict Use of REITs to Avoid Gain
  • World Bank Shrinks Forecasts for Economic Growth
  • Retail Construction Increased 24.4% in Q1
  • How to Re-engage an Employee Who Has Mentally Checked Out
  • and more!

August 2016 Newsletter

In this issue:

  • IMF Warns Brexit Uncertainty Could Affect World Economy for Years
  • Compliance Costs, Complexity Rising for North American Companies
  • Why Valuation Isn’t the Only Thing that Matters During an Exit
  • Planning for Nonresidential Construction Increases in June
  • and more!

September 2016 Newsletter

In this issue:

  • The Problem with Dipping into Retirement Funds to Pay for College
  • Younger Workers Contribute Lower Percentage of Income to Retirement
  • Economic Profit Can Help Companies Match Compensation, Long-term Value
  • How Will Virtual Reality Revolutionize the Office?
  • and more!

October 2016 Newsletter

In this issue:

  • UK CEOs Consider Relocating After Brexit Vote
  • How to Lay the Foundation for Tough Conversations
  • How to Develop Skills Worthy of a CFO
  • and more!

November 2016 Newsletter

In this issue:

  • How to Plan for Retirement Shocks
  • Should the United States Enact a Patent Box
  • Leaders Can Shape Company Culture Through Their Behaviors
  • Great Leadership Teams Say These Six Things About Each Other
  • and more!

December 2016 Newsletter

In this issue:

  • Successful Couples are Transparent about Money
  • How to Kick-Start Your Career
  • Trump’s Promises on Infrastructure Spending Drive Up Construction Stocks
  • 10 Qualities Effective Leaders Have
  • and more!

Non-Profit News: Vol. 1

In this issue:

  • 10 Steps Nonprofits Should Take to Increase Cybersecurity
  • New Governmental Accounting Standards Board Pronouncements
  • Is a Merger for You?
  • and more!

Non-Profit News: Vol. 2

In this issue:

  • Limited Partnerships – To Consolidate or Not to Consolidate
  • How to Retain, Recruit and Engage Great Board Members
  • 10 Common Self-Dealing Mistakes Private Foundations Make
  • Revenue Recognition of Grants and Contracts by Nonprofits
  • and more!

Non-Profit News: October 2016

In this issue:

  • FASB Issues ASU 2016-14
  • Telemedicine and Potential Tax Implications
  • Lawsuits Target Higher Education
  • International Grantmaking Issues for Nonprofits
  • and more!

Sales and Use Tax Law Changes

The North Carolina Department of Revenue released a notice addressing issues relative to changes to the sales and use tax laws. The changes are effective January 1, 2017, and apply to sales made on or after that date. Click on the button below to learn more.

Year End Planning with the Lame Duck Session and President-elect Trump

With the election over, we can now begin to speculate on what will happen in the lame duck session, and what a Trump-Pence Administration might mean for tax policy. Read through for an outlook on the next 12 months.

Changes in Longstanding Tax Return Due Dates Impact Retirement Plan Contribution Dates

Certain tax return and extension due dates will change for taxable years ending on or after December 31, 2016. Download this document for information on the new and existing original and extension due dates by form type.

Why Nonprofits Need to Measure & Monitor Program Impact and Outcomes

To assess your organization’s anti-fraud governance practices, ask the following questions…

Opportunity for Fiscal Year Taxpayers to Claim Missed Bonus Depreciation on 2015 Assets

A highlight of the PATH Act is the five-year extension of additional first-year depreciation from 2015 through 2019. Recently, the IRS issued relief guidance to provide taxpayers, who may have failed to claim bonus depreciation on their tax returns for qualifying property placed in service in 2015, with procedures for claiming, or not claiming, the 50 percent bonus depreciation.

Final Regulations Expand Software-Development Activities Eligible for Research Tax Credits

On October 3, 2016, the IRS issued final regulations concerning the section 41 research tax credit and its treatment of expenditures related to the development of software, both internal-use software (IUS) and non-IUS. 

RE & Construction News

In this issue:

  • R&D Tax Credit Benefits for Construction Companies
  • As Quality-Based Pay Ripples Across Healthcare, REITs Re-Evaluate Strategy
  • PErspective in Real Estate
  • and more!

NC Sales Tax on Repair, Maintenance and Installation Services – Do the New Requirements Apply to You?

Effective March 1, 2016, a retailer engaged in business in North Carolina must collect sales tax on gross receipts derived from repair, maintenance, and installation services..

IRS Simplifies the Process for Correcting Late Rollovers between Retirement Accounts

Issued August 24, 2016, Rev. Proc. 2016-47 simplifies the process for correcting late rollovers from one tax-qualified retirement account to another. The guidance provides plan administrators and IRA trustees with an additional basis for accepting rollover contributions after the 60-day deadline.

Center for Automotive Research Management Briefings

In August, The Center for Automotive Research (CAR) organized and sponsored its annual Management Briefings in Traverse City, MI. Once again, the event focused on the global business issues facing the automotive industry including economic and financial trends, technology innovations, and cybersecurity challenges.

Taxpayers No Longer Need to Attach Copy of Section 83(b) Election to Form 1040

The IRS finalized regulations on July 25, 2016, adopting the 2015 proposed regulations, without change, that eliminate the requirements to file a copy of an 83(b) election with an individual’s income tax return for the year.

What’s Trending in Real Estate Around the World?

Discover how the lead-up to the June 23 EU Referendum, nicknamed “Brexit,” is impacting the United Kingdom’s real estate market.

WOTC Additional Extension 2016

Congress recently extended the application of the work opportunity tax credit (the “WOTC”) to an employee who began working after December 31, 2014, and before January 1, 2020.

Data Analytics and Enhancing Audit Quality

Data analytics is about enhancing audit quality. While there are different philosophies as to what evolving technologies mean to the auditing profession, audit quality remains a fundamental objective.

North Carolina Enacts Legislation Impacting Intangible Holding Companies

On May 11, 2016, North Carolina Governor Pat McCory signed S.B. 729, which, for taxable years beginning after December 31, 2015, decreases the Corporation Income Tax related member interest expense deduction from 30 percent to 15 percent, and effectively establishes a conduit exception.

Spotlight on the Internet of Things

The Internet of Things (IoT) is becoming an increasingly popular topic of conversation for consumers and businesses alike. What exactly is the IoT and what does it mean for the technology industry? Download this document to learn more.

Final DOL Overtime Rule Release

On May 18, 2016, the U.S. Department of Labor (DOL) released a final rule that radically increased the thresholds for overtime rules, expanding the number of employees eligible for overtime pay.

New Tax Act Has Much for Nonprofits

The Protecting Americans from Tax Hikes Act of 2015 contains many provisions that directly affect tax-exempt organizations. Download this article to learn several tax implications that nonprofits should be aware of.

R&D Tax Credit Enhancements Provide More Cash-Saving Opportunities for Manufacturers

Beginning in December 2015, Congress passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), extending and making permanent a number of important tax credits. Download this article to learn more about the federal research and development (R&D) credit.

Rising to the Challenge of Nonprofit Recruiting

Recruiting for nonprofits can be challenging. Download this article to learn what nonprofit leaders and managers can do to prepare for the task of recruiting.

Liquidity: Can it Be the Difference between Success and Bankruptcy for NFPs?

The FASB Board is looking at the proposed Accounting Standards Update (ASU) on presentation and disclosure for Not-For-Profit Entities. It plans on looking at ways to provide meaningful and decision-useful information related to liquidity. Download the article for more information.

If a Product or Service is Delivered Via the Internet, It’s Not Subject to Sales Tax, Right?

As not-for-profit organizations try to meet the growing needs of members and non-members by selling products and services via the Internet, they may not realize that such products and services are subject to sales and use tax in a number of states.

FASB Issues ASU 2016-14, Presentation of Financial Statements of Not-for-Profit

The FASB recently issued ASU 2016-14 to improve the presentation of financial statements of not-for-profit entities such as charities, foundations, universities, and nonprofit health care providers, etc.

Issuance of Proposed Regulations Impacting Valuation of Family Controlled Businesses for Estate, Gift, and Generation Skipping Tax Purposes

Proposed regulations regarding estate planning and valuation discounts were released August 2, 2016, and if they become final, would significantly impact the availability of minority or lack of control discounts for transfers of family controlled business interests among family members.

Form 1023-EZ Is Too Easy

The new Form 1023-EZ was introduced to provide a simplified method for small organizations to apply for tax-exempt status as a section 501(c)(3) organization. The Taxpayer Advocate has expressed concern that the new form lacks requirements that prove whether an organization is eligible for tax exemption.

“Are We Having Those Good Seafood Salad Sandwiches for Lunch Again?

The real questions committees should ask about executive compensation. Download this article for more information.

Q&A: Technology & Hospitality

Mark Nunneley, CEO of Ashford Hospitality Trust, answers questions on how the digital revolution is impacting REITs and operators in the hospitality sector.

How Can the R&D Credit Help You?

The PATH Act of 2015 expanded and made permanent the credit for increasing research activities, commonly referred to as the R&D credit. The expansion of this credit made it much more attainable for many firms across all industries, while the permanency provides the opportunity for long-term planning in the research and development area. 

“Are We Having Those Good Seafood Salad Sandwiches for Lunch Again?

The real questions committees should ask about executive compensation. Download this article for more information.

2015 ACA IRS Filing Requirement

Nonprofit organizations are subject to ACA requirements similar to those that apply to for-profit organizations. It is critical that nonprofit organizations are aware of both the benefits and potential pitfalls of ACA filing requirements.