Insights

PCAOB amends requirements for audits involving other auditors

PCAOB amends requirements for audits involving other auditors

The PCAOB has recently released the amendments to its standards for audits where other accounting firms or individual auditors perform important work on the audit.
GASB revises requirements for compensated absences

GASB revises requirements for compensated absences

The Governmental Accounting Standards Board has released Statement No. 101, Compensated Absences, replacing GASB Statement No. 16, Accounting for Compensated Absences.
GASB revises requirements for accounting changes and error corrections

GASB revises requirements for accounting changes and error corrections

The Governmental Accounting Standards Board (GASB) has released Statement No. 100, Accounting Changes and Error Corrections (Statement 100), which amends GASB Statement No 62.
IRS 90-day pre-examination compliance pilot for retirement plans

IRS 90-day pre-examination compliance pilot for retirement plans

The IRS is piloting a pre-examination compliance program for retirement plans, which provides plan sponsors with 90-day window to review plan operations and make corrections prior to examination.
IRS increases mileage rates for the remainder of 2022

IRS increases mileage rates for the remainder of 2022

The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.
Reminder – S corporation shareholder basis reporting requirements must not go overlooked

Reminder – S corporation shareholder basis reporting requirements must not go overlooked

How will the new Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, impact tax filings for family offices and other taxpayers?
Income tax, Charitable, and Estate Planning for Digital Assets

Income tax, Charitable, and Estate Planning for Digital Assets

Considering the income tax, charity and estate planning implications of digital assets, such as crypto, can minimize tax burden, comply with evolving regulations and pursue personal wealth goals.
Top 5 fintech trends to watch -now, and in the future

Top 5 fintech trends to watch -now, and in the future

The fintech movement is driving a rapid evolution within financial services, resulting in a new infrastructure and platform for the industry's next generation.
Supreme Court sweeps away a long-standing rule in tax collection due process practice

Supreme Court sweeps away a long-standing rule in tax collection due process practice

U.S. Supreme Court decision changes long-standing rule in tax collection due process cases to benefit taxpayers.
Ninth Circuit reverses IRS win in $35 million partnership adjustment

Ninth Circuit reverses IRS win in $35 million partnership adjustment

The Ninth Circuit Court of Appeals reversed the United States Tax Court on the issue of what constitutes a filed partnership return.
IRS issues guidance for leave-based donation programs

IRS issues guidance for leave-based donation programs

IRS issues guidance on tax treatment of cash payments made by employers under leave-based donation programs to aid victims of the further Russian invasion of Ukraine.
Tax-exempt status in health care

Tax-exempt status in health care

Tax-exempt health care organizations must take care to maintain status. Organizations can highlight work within communities to help validate their standing.
Construction industry outlook

Construction industry outlook

In our 2022 construction industry outlook, we explore what's ahead for middle market business leaders.
Confidence in the Fed, but uncertainty over long-term growth

Confidence in the Fed, but uncertainty over long-term growth

The bond market anticipates an acceleration of Fed rate increases and a drawdown of the Fed’s accumulation of long-term Treasury bond purchases.
The changing consumer: Tighter budgets and a shift to services

The changing consumer: Tighter budgets and a shift to services

As inflation continues to rise, consumers must devote more of their monthly budgets to fixed costs like groceries, rent and energy.