Insights
Webinar Replay: Philanthropic Year-End Tax Planning
As we approach year-end and the season of thankfulness and giving, now is an opportune time to consider charitable tax […]
IRS Releases Tax Inflation Adjustments for Tax Year 2023
Rising inflation is impacting many aspects of the tax code. The IRS recently announced annual inflation adjustments for the 2023 tax year for over 60 tax provisions, including the 2023 standard deductions and IRS tax brackets.
U.S. Entities Must Disclose Ownership Beginning in 2024
In an effort to help prevent tax fraud and other unlawful financing activities, the Financial Crimes Enforcement Network (FinCEN) has issued final rules related to ownership disclosure obligations for U.S. entities. The final rules will be effective January 1, 2024.
FASB Proposal: Improvements to Public Entity Operating Segment Disclosures
The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) to improve the disclosures about a public entity’s reportable segments by requiring more detailed information about such expenses on an annual and interim basis.
Checks Written Before Death are Includible in Decedent’s Estate
The Tax Court held that the value of checks written prior to but paid after a decedent’s date of death were includible in the decedent’s gross estate.
Can the Finance Industry Deliver on Demand for Faster Closings, More Automation?
One of the contributors answering “Can finance industry deliver on demand for faster closings, more automation?” published on NJBiz, was Roman Matatov, Senior Manager.
DGC, a division of PKF O’Connor Davies Releases 18th Annual Architectural and Engineering Studies
DGC, a division of PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, today announced the release of its 18th Annual Architectural and Engineering Studies.
After Much Confusion, OMB Retains Single Audit Collection by Census Bureau for 2022
The industry was caught off-guard when the Office of Management and Budget (OMB) announced that for Fiscal Year’s that ended in 2022, Single Audits would be collected by the General Service Administration (GSA) rather than the Bureau of Census changing a procedure that has been in place since the advent of Data Collection.
PKF O’Connor Davies’ Dawn Perri Named a ‘Notable HR Leader’ by Crain’s New York Business
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, is proud to announce that Dawn Perri, Partner and the Firm’s Chief Human Resources Officer, has been selected as one of Crain’s New York Business’ “Notable HR Leaders.”
Webinar Replay: Business Succession Strategies for Private Business Owners
Whether under consideration or underway, a business transition presents owners with weighty considerations. Planning is essential to sound succession; the […]
PKF O’Connor Davies Expands to New Office Location in Shelton, Connecticut
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax and advisory firms, is excited to announce the new location of its Shelton, Connecticut, office, opening at One Corporate Drive, Suite 725.
2023 Cost of Living Adjustments
Plan sponsors should review the cost of living adjustments (COLAs) to determine what, if any, changes need to be communicated to employees by means of orientation meetings and enrollment forms.