Insights

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.
IRS releases 2022 limits for depreciation deductions for autos

IRS releases 2022 limits for depreciation deductions for autos

The IRS recently released Rev. Proc. 2022-17, providing the 2022 limits on depreciation for passenger automobiles under section 280F.
The risk of disrupted agricultural exports

The risk of disrupted agricultural exports

As Russia’s invasion of Ukraine takes a mounting human and economic toll, it also has the potential to threaten the food supply for millions of people who depend on agricultural commodities from those two countries.
State tax law changes for the first quarter of 2022

State tax law changes for the first quarter of 2022

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2022.
A key inflation gauge surged in February, dampening spending

A key inflation gauge surged in February, dampening spending

The likelihood of a 50 basis-point rate hike by the Federal Reserve in May increased on Thursday as the government reported that a key inflation gauge continued…