Webinar Replay: Key State Tax Strategies During the Pandemic
This webinar offered an in-depth look at State and Local Tax (SALT) challenges and opportunities created by today’s unprecedented work […]
Webinar Replay: The Intersection of PPP Loan Forgiveness and Tax Planning
This webinar reviewed the tax planning questions and opportunities relating to your PPP loan. How will forgiveness affect your 2020 […]
Cyber Roundup – September 2020
In a world dramatically reshaped by the Pandemic, one constant remains: cybercrime motivation. While the number of breaches dropped during the first half of 2020, my prediction is that it will return to an upward shift.
PKF O’Connor Davies Announces New Committee Appointments and Promotions
PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today several new appointments to its Executive Committee and Governance Committee, as well as a promotion in the Tax practice area.
Your Retirement Plan Benefit Statement Will Be Changing
The Department of Labor (DOL) has recently published Interim Final Regulations (Regulations) pursuant to changes enacted by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) which require plan administrators of defined plans [e.g., 401(k) and 403(b)] to express a participant’s current account balance both as a single life annuity and a qualified joint and survivor annuity stream on their pension benefit statements at least once every 12 months.
IRS Increases User Fees in 2021
Last month, the IRS announced increases to the User Fees related to certain requests for letter ruling and determination letter requests.
Pooled Employer Plans
The Setting Every Community Up for Retirement Enhancement Act of 2019 (the SECURE Act) amended the Employee Retirement Income Security Act (ERISA) and the Internal Revenue Code (IRC) to establish a new type of multiple employer plan (MEP) called a “pooled employer plan” (PEP) that must be administered by a person called a “pooled plan provider” (PPP).
IRS Notice 2020-68: Q&A Guidance ‒ SECURE Act and Miners Act
On September 2, 2020, the IRS issued guidance in the form of questions and answers interpreting several miscellaneous provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and the Bipartisan American Miners Act of 2019 (Miners Act) affecting qualified retirement plans, 403(b) plans and Individual Retirement Accounts (IRAs).
So, You’re Going to Change Property Management Companies
There are all sorts of reasons that a property needs to transition from one management company to another. Perhaps there are issues with high vacancy or tenant relations, or they may be entangled in legal troubles and are no longer able to run the property. You may also have a company that has decided to sell to another company.
FASB: Updates to Simplify Accounting for Convertible Debt, Contracts in an Entity’s Own Equity, and EPS
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) 2020-06 Debt – Debt with Conversion and Other Options and Derivatives and Hedging – Contracts in Entity’s Own Equity.
Grantmaking in a Remote Environment – Risk Mitigation
The COVID-19 pandemic has necessitated one of the most pervasive adjustments that a business has to face: operating in a remote environment.
Webinar Replay: How to Manage Today’s Cybersecurity and Technology Risks
Cyber criminals are not ashamed to exploit security gaps triggered when employees work away from the office. Fortunately, these vulnerabilities […]