Articles
Cyber Roundup – August 2017
Last month was “business as usual” for cyber criminals. Even so, the volume and extent of these activities are mind-blowing — particularly with respect to the targeting of children, how easy cyber hacking skills can be transferred and cloud security. As computer professionals become aware of each incident, solutions eventually follow.
IRS Simplifies Late Portability Election for Surviving Spouses
The IRS recently released Revenue Procedure 2017-34 simplifying the method to extend the time to make a late portability election for estates of decedents leaving a surviving spouse.
Dealing with Sensitive Data
Over the past few years, many organizations have found themselves in a position where they have to defend their reputation due to the unauthorized release of sensitive data.
Don’t Bite Off More than You Can Chew
Congratulations! Someone has expressed interest in purchasing your business.
IRS Re-Releases New Partnership Audit Rules — What Now?
The Internal Revenue Service (“IRS”) re-released the proposed new partnership audit rules and guidance.
FASB Issues Guidance on Down Round Features of Financial Instruments
The Financial Accounting Standards Board (the FASB or the Board) issued Accounting Standards Update (ASU) 2017-11 with the intent to simplify the accounting for certain equity-linked financial instruments (or embedded conversion options) that use down round features.
Sins Sell – But What about the Sales and Excise Taxes
Sins — those related to drinking (alcohol or sugary drinks), smoking (tobacco or marijuana), gambling, or sex — have been around for quite a while.
Here We Go Again: Proposed Tax Reform
Recently, two members of the Senate Finance Committee introduced a bill entitled “Charities Helping Americans Regularly Throughout the Year (CHARITY) Act of 2017” (the “Bill”).
Paid Family Leave — New Benefit Under New York Workers Compensation Laws
A new benefit called Paid Family Leave will soon become part of the New York Workers Compensation Laws.
Form 5500 Filing Reminder and Information on Employee Assistance and Wellness Plans
We would like to remind our readers that the filing date for Form 5500 is fast-approaching.