Most public companies have already been required to implement ASC 842, offering their private company counterparts lessons on challenges encountered and solutions deployed. Now is a good time to take stock of where your company is on the ASC 842 implementation timeline.
The IRS recently heightened security measures that altered the process by which individual entities apply for an Employee Identification Number (EIN).
Corporate mergers or acquisitions are complex, labor-intensive processes with high-stakes outcomes. In many cases, employee benefits get overlooked while the management teams of the buyer and seller prepare for the transaction. In this article, we examine some of the benefits-related issues that buyers and sellers should consider before a transaction closes.
The second time around was the charm for the Taxpayer First Act (TFA), legislation that makes taxpayer-friendly improvements at the IRS. Key changes include establishing an independent office of appeals within the IRS, requiring the agency to modernize its infrastructure and adopting enhanced cybersecurity measures.
The Court’s South Dakota v. Wayfair decision allows states lawfully to require remote sellers to collect and remit sales and use taxes if they have an economic nexus, usually defined as a certain number of transactions and/or a minimum amount of revenue, with the destination state.
Are you aware of how the new revenue regulation rules might impact your business valuation? From strategic planning and gift tax reporting to shareholder and partnership dispute to divorce, there are myriad reasons to have a business valued.
What prevents tax professionals from maximizing their role as strategic leaders? For many, it comes down to lack of time and capacity. This is where tax transformation comes in. Fueled by technological innovation, growing compliance obligations, and competitive pressure, the revolution affecting tax has impacted businesses across all industries and countries.
The FASB recently issued ASU 2019-04 to clarify and improve guidance within the issued standards on credit losses, hedging and recognition and measurement of financial instruments.
If you are an investor in a company which issues digital tokens to raise capital, the SEC has good news for you. In a recent letter, the SEC stated it will not take enforcement action against such a company.
Defined benefit plan sponsors can once again offer retirees and beneficiaries receiving annuity payments a limited opportunity to convert their benefits into a lump sum.