Source Documentation: Is Everything as it Seems?

Source documents and evidential matter are the foundation of any investigation; therefore, it is imperative that these documents are accurate.

Health Reform Bulletin 165 – Inflation Reduction Act of 2022

Health Reform Bulletin 165 covers the inflation reduction act, HSA compatible high-deductible health coverage, Medicare changes and more.

Pennsylvania to Recognize Section 1031 Exchange Tax Deferral

The IRC currently allows taxpayers to defer federal income taxes on capital gains under Section 1031 if the proceeds are re-invested in similar property as part of the qualifying like-kind exchange.

SEC Proposes Rules to Enhance Disclosure and Investor Protection Relating to Special Purpose Acquisition Companies, Shell Companies, and Projections

Due to the surge in the SPAC market, the SEC's proposed rules intend to impose traditional IPO regulations and disclosures on the SPAC IPO to provide investors with more complete and detailed information

Sample Comment Letter on Disclosures Regarding Russia’s Invasion of Ukraine

The SEC’s guidance in the Sample Letter provides an example of the types of disclosure that SEC reporting companies should consider before filing their next periodic forms.

Secondary Market Transactions: What Companies Should Know About Accounting for Sales of Shares

Private company shareholders are increasingly turning to secondary market transactions to monetize their shares before the company goes public or is sold.

Increased 179D Benefits Under the 2022 Inflation Reduction Act

The Energy Efficient Commercial Buildings Deduction (179D) encourages commercial building owners to install energy-efficient systems by providing an immediate deduction for costs related to these installations.

Navigating Accounting Firm Mergers and Shakeups (Podcast)

Leasehold Improvements: How to Determine the Accounting Owner

Determining the ownership of assets for leasehold improvements is vital for any company leasing space because it directly impacts leasehold accounting.

CMS Issues Final Skilled Nursing Facility Payment Rule for Federal Fiscal Year 2023

In FY 2023, skilled nursing facilities will again see Medicare rate increases.

Profitability Dwindling, Compliance Risk Rising as Managed Care Rolls In

Ultimately, providers will be able to determine, based on their own metrics, which insurers are problematic and choose not to engage with them.

The Inflation Reduction Act of 2022

The Inflation Reduction Act of 2022 has passed the House of Representatives and has been sent to the President for signature.

SEC’s Proposed “Dealer” Definition: How Does It Impact Investment Firms?

The SEC’s draft rule expands the definition of what constitutes a “dealer,” based on a market trend that could expose investors to risk, and proposes a solution providing increased regulation and oversight.

The Pass-Through Entity Tax: A SALT Limitation Workaround

While making a PTET election could be in the best interest of an entity, the outcome varies significantly depending on the state and many other variables.

Mississippi Enacts Pass-through Entity Tax

Many states are now enacting a pass-through entity tax election following the IRS guidance allowing these programs.