Articles
International Activities Conducted by Tax-Exempt Organizations, Center of Attention at the Internal Revenue Service
International activities conducted by tax-exempt organizations have been a high-focus area for decades.
IRS Provides Hurricane Ida Relief to Parts of New York and New Jersey
The IRS announced that victims of Hurricane Ida will have until January 3, 2022 to file various individual and business tax returns and make tax payments.
SEC Approves New Board Diversity Rules for Nasdaq-Listed Companies
The Securities and Exchange Commission (SEC) recently approved new listing rules that will require Nasdaq-listed companies with six or more directors to have, or explain why they do not have, at least two diverse directors.
Have Your Cake and Eat It Too!
When the rules first came out, it was one or the other – Paycheck Protection Program (PPP) or Employee Retention Credit (ERC).
M&A Deal Activity Continued to be Robust in Q2 2021
North American M&A deal activity remained strong in Q2 of 2021, following a strong first quarter in 2021 and a record breaking fourth quarter in 2020.
At Last, NYS Issues Guidance on Its New Pass-Through Entity Tax
This week ‒ finally ‒ the New York State Department of Taxation and Finance (Tax Department) issued a Technical Services Memorandum, TSB-M-21(1)C,(1)l, addressing open issues regarding New York’s new pass-through entity tax (PTET).
Self-Dealing – Frequently Asked Questions
Acts of self-dealing come in many forms, and it is vital that foundation managers and board members are mindful of the different types of self-dealing prohibitions and the potential consequences to the foundation and the individuals involved in the act.
Provider Relief Fund Update ‒ Looming September 30, 2021 Reporting Deadline
The CARES Act Provider Relief Fund (PRF) reporting portal has been officially opened and the reporting deadline for any combined PRF funds exceeding $10,000 received within the first reporting period (see table below) is due by September 30, 2021.
American Rescue Plan: Reporting Requirements for Coronavirus State and Local Fiscal Recovery Funds
The U.S. Treasury’s Reporting Requirements and Deadlines Report 1 of the American Rescue Plan Act of 2021 (ARP) for Coronavirus State and Local Fiscal Recovery Funds (SLFRF) is due August 31, 2021
U.S. Supreme Court Rules Donor Disclosure Laws to Be Unconstitutional
Donor transparency versus donor privacy; substantial government interest versus an undue burden. This has been the subject of debate and litigation for nearly a decade.
The Impact of the New Lease Accounting Standard on Private Clubs
After many delays, the implementation date for the new lease accounting standard is right around the corner.
Tax Planning Strategies for Selling Your Business – Part 1
One of the best ways to increase and preserve your family’s wealth is smart tax planning.