Tax Breaks and Incentives: Highlights of the New York State 2023-2024 Budget

From corporate tax rates to credits and incentives, as well as disaster relief and payroll changes, the budget brings opportunities and challenges for New Yorkers.

The Path to Compliance Part Three: Cash Management Considerations of Federal Awards

Nonprofits should remember that the cash management requirements related to federal awards are critical to their overall compliance efforts.

Form 990: Five Common Mistakes and How to Avoid Them

Organizations should take the time to prepare for and carefully review their Form 990, seeking assistance from a tax professional as needed.

Proposed Changes to the Skilled Nursing Facility Quality Reporting Program

The Centers for Medicare & Medicaid Services issued a proposed rule to update the Medicare payment policies and rates for skilled nursing facilities.

President Biden’s Executive Order to Expand Access to Long-Term Care and Childcare

President Biden signed an executive order that issued over fifty directives to expand access to long-term care and childcare.

The Inflation Reduction Act Sparks Green Revolution in Real Estate Development with Billions in Tax Breaks

Among the many incentives and initiatives in the Inflation Reduction Act of 2022, three key provisions stand out for their potential impact on real estate development and investment.

Tax Considerations in Middle Market Transactions

An essential component of the deal process is understanding the tax consequences and the risks inherent in the transaction.

Seller’s Beware: State Income Tax Implications on Gains from Sales of Partnership Interests

Carefully consider the potential tax implications of sales of partnership interests, especially given some states' conflicting state court decisions and aggressive stances.

Unclaimed Property: Self-Audit Notices on the Rise

As states gain access to a wealth of benchmarking data, they can now more accurately identify companies suspected of underreporting or not reporting unclaimed property.

Estate Tax Traps: What Non-Residents Need to Know Before Engaging in US Share Transfers

A significant issue foreign individuals should consider when investing in US real estate is the potential imposition of US estate tax.

Global Tax Revolution: Unraveling the Impact of Country-by-Country Reporting and OECD’s Pillar Two Rules

Implementing the CbCR required a significant effort not only from tax authorities but also from MNEs, which needed to prepare highly detailed financial information for the first time.

No, the IRS still isn’t hiring an ‘army’ of armed auditors—here’s how the agency is actually spending $80 billion

GILTI Component of the 2024 Greenbook Proposals

GILTI, unless an exception applies, is intended to immediately tax all or a portion of a Controlled Foreign Corporation’s income, even if no distributions are made.

IRS fights funding cut threat in debt limit showdown

Upskilling & Cross-Training for a Strong Workforce

It's more important than ever for organizations to prioritize upskilling and cross-training employees.