Insights
IRS Announces Its Position for Taxpayers That Sell Marijuana
This IRS announcement indicated that its position will remain until a final rule is published by the Justice Department (DOJ) permanently excluding marijuana from Schedule I Controlled Substance status.
Employee Benefit Plans Alert | Summer 2024
This summer 2024 edition of Employee Benefit Plans Alert focuses on the following topics: Stock Repurchase Excise Tax, Form 5500 Changes for 2023 Plan Year Reporting and Guidance on New Exceptions to the 10% Additional Tax under Section 72(t).
Is a 529 Educational Savings Plan Right for You?
529 Plans were created over 25 years ago and their purpose and benefits have stood the test of time, continuing to help families ease the burden of paying for rising educational costs.
Sale of a C Corporation – Buy and Sell Tax Implications for Stock & Asset Sales
There can be major tax implications for both the buyer and seller based on the structure of a sale of a C corporation.
Affordable Housing in New York Catches a (Tax) Break
Program 485x is now included in the NY State 2025 Budget to help calm the crisis and boost incentive to build affordable housing again.
Supreme Court Upholds Tax on Foreign Profits, Upends Deference to Government Agencies
The Supreme Court recently issued decisions in two key cases with big impacts for the tax landscape in the U.S. – Loper Bright Enterprises v. Raimondo and Moore v. United States.
SEC Risk Alert – Key Takeaways for Broker-Dealers Subject to Examination
The Alert details the selection process and provides insight into the types of documents and evidence that may be requested.
Is Your Accounting Policy Manual Up-to-Date?
Having an established and continuously maintained accounting policy manual is essential for any foundation.
PKF O’Connor Davies’ Christopher Petermann Named to Forbes’ ‘America’s Top 200 CPAs’
PKF O’Connor Davies, one of the nation’s largest accounting, tax and advisory practices, is proud to announce that Christopher Petermann has been named to Forbes’ list of “America’s Top 200 CPAs.”
A Winning Strategy: Corporate Accountability for Personal Devices
We share the following five best practices to help your financial services firm navigate this regulatory environment.
IRS Update on the Employee Retention Credit
On Thursday, June 20, 2024, the IRS announced updates on its handling of the remaining open Employee Retention Credit (ERC) claims.
Worldwide Tax Guide 2024/25
Our most comprehensive Guide to date covers the latest tax and business regulations for more than 150 countries.