Direct Charitable Activities ‒ Beyond Grantmaking
Private foundations are generally known for their grantmaking programs.
The Employee Retention Credit Q&A
By now, many businesses have become aware of the Employee Retention Credit (ERC) that it was enacted as part of the CARES Act but initially considered an afterthought.
IRS Revised Priority Guidance: Employee Plan Examinations and Compliance Initiatives
The Tax Exempt & Government Entities (TE/GE) Division of the IRS recently released their 2021 Program Letter outlining the priorities for their compliance program initiatives for the year.
SPACs – Investor Risk Considerations, the “Dos,” the “Don’ts” and the Disclosures
In today’s capital markets, Special Purpose Acquisition Companies (SPACs) are a popular way for privately held companies to raise capital and provide liquidity to founders and executives.
NYS Budget Bill Includes Increased Corporate and Personal Income Tax Rates and a New Pass-Through Entity Tax
The New York State legislature and Governor Cuomo last week agreed on a budget for the year.
Cyber Roundup – April 2021
It may be that numbers don’t lie, but in the cyber world they sure can engender trepidation. Cybercrime is constantly on the rise and is expected to be $6 trillion in 2021.
Municipal Budgeting During the Pandemic
The pandemic has been difficult on everyone, both individuals and businesses. We see it in the news on a daily basis.
2021 Focus Areas of the SEC Division of Examinations
The U.S. Securities and Exchange Commission’s (SEC) Division of Examinations (the Division) ‒ formerly, the Office of Compliance Inspections and Examinations ‒ recently published its 2021 Examination Priorities.
What New York School Districts Need to Know About GASB 84
The implementation of Governmental Accounting Standards Board Statement 84, Fiduciary Activities (GASB 84), will create challenges and significantly affect the accounting and reporting requirements of most, if not all, school districts.
Accounting and Legal: Working Together to Avoid Mistakes in the Alternative Asset World
Far too often accountants and lawyers begin working together later than they should during the process of a fund launch for a mutual investment manager client.
Foreign Investments, Now What?
Private foundations across the country are at various points in their life cycle and have different approaches to their investment portfolio composition.
IRS Extends Filing Deadline to May 17th – But Only for Individuals
The IRS announced on March 17, 2021 that they would be providing an automatic extension of time for federal income tax filings for individual taxpayers from April 15, 2021 to May 17, 2021, recognizing the continued limitations due to the pandemic and the significant changes affecting many taxpayers as a result of the American Rescue Plan Act, which became law last week.