Insights

During 2017, the Employee Benefit Service Group Practice of PKF O’Connor Davies, LLP represented a number of plans that had been selected for examination by the Internal Revenue Service (IRS).

The President signed the Tax Cuts and Jobs Act (TCJA) into law on December 22, 2017.

The Tax Cuts and Jobs Act, signed into law on December 22, 2017, enacted significant U.S. tax reform that is expected to have major implications on the financial reporting of most U.S. corporations.

In recent years, the Financial Accounting Standards Board (FASB) has made significant changes to its guidance in accounting for revenue recognition.

Another year behind us as technology marches onward. The pace is breathtaking: remember describing to your grandparents how a fax machine works? Now, try explaining the “cloud” or “wifi” or “cryptocurrency.”

Over the past several weeks, literally millions of words have been written in connection with the recently enacted tax reforms.

Blue states and their residents are feeling blue in light of the federal Tax Cuts and Jobs Act. The main culprit is the new limit on the deduction for state and local taxes (SALT).

The Tax Cuts and Jobs Act Bill (the Act) was passed by Congress on December 20, 2017.

In light of the recent federal tax legislation that lowered the C corporation tax rate business owners are wondering whether a C corporation is the most tax-efficient form of entity.