Articles
Tax Relief Now Available for Certain Americans Who Want to Give Up Their U.S. Citizenship
According to recent government statistics, there are roughly nine million U.S. citizens living outside the U.S., many of whom are citizens by birth but have little or no family or economic ties to this country.
SEC Proposes Amendments to MD&A Section of Regulation S-K
The Securities and Exchange Commission (SEC) recently issued proposed amendments to modernize and eliminate certain duplicative registrant disclosures in Regulation S-K.
Donor-Advised Funds: Where California Leads, Others May Follow
Over the years, donor-advised funds (DAFs) have become increasingly larger in number and more influential in the philanthropic community.
Organizations Must Address Fraud Risk on a Continuous Basis
Unfortunately, fraud is an all-to-common occurrence and no industry is immune. Intentional deception to realize unlawful gains are often perpetrated by an organization’s own management or employees, with or without the assistance of outside parties.
Proposed Changes to Accounting for Contributions of Nonfinancial Assets to a Not-for-Profit Entity
The Financial Accounting Standards Board (FASB) recently issued a proposed Accounting Standards Update (ASU) entitled Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets.
SEC OCIE 2020 Examination Priorities
The U.S. Securities and Exchange Commission (SEC), through the Office of Compliance Inspections and Examinations (OCIE), has issued its 2020 Examination Priorities.
PKF Worldwide Tax Update – Winter 2020
The winter edition of PKF Worldwide Tax Update is currently available to those organizations and individuals with business activity outside the United States.
Cyber Roundup – February 2020
Healthy skepticism can help avoid falling for phishing schemes and way-out-there data equipment/systems scams; testing can help ensure that the data system actually works and supports your company’s stated policies and procedures; and, knowledge allows for expanding data enhancements and securing the necessary and appropriate hardware, the software and the data.
The Amazon Effect
The Amazon Effect is a term often used to describe the dominance of Amazon in the e-commerce space as well as the impact of that dominance on consumer companies.
Qualified Transportation Fringe Benefits Tax Repeal: Next Steps
As we previously reported in our December 2019 bulletin, the “Further Consolidated Appropriations Act, 2020” included a provision retroactively repealing the unrelated income business tax on qualified transportation fringe benefits (QTFB).
New Jersey Pass-Through Business Alternative Income Tax Act
As a way to circumvent the $10,000 state and local tax deduction cap, New Jersey Governor Phil Murphy signed the Pass-Through Business Alternative Tax Act (“Act”) on January 13, 2020.
Winter 2020 EBP News
With the new year and the new decade comes new information that employers and participants will need to know in the employee benefits sphere.