INSIGHTS AND RESOURCES

Colorado restores certain business deductions related to the CARES Act

Colorado restores certain business deductions related to the CARES Act

Colorado enacts law restoring certain deductions related the to the CARES Act for both business and individual taxpayers.
Interest capitalization for mandatorily redeemable instruments

Interest capitalization for mandatorily redeemable instruments

Our article discusses interest capitalization for a mandatorily redeemable financial instrument classified as a liability.
ESG reporting and attestation engagements

ESG reporting and attestation engagements

A recent publication provides information about reporting ESG information in SEC submissions and related attestation engagements.
Ship builder fails research credit process of experimentation test

Ship builder fails research credit process of experimentation test

The Tax Court explains various R&D credit concepts, including process of experimentation, qualified services and pilot models.
New IRS guidance on health FSAs and dependent care assistance programs

New IRS guidance on health FSAs and dependent care assistance programs

Employers can add flexibility to their health flexible spending accounts and dependent care assistance programs per Notice 2021-15.
Importance of information sharing among financial institutions

Importance of information sharing among financial institutions

Understanding the ins and outs of the USA Patriot Act section 314 and how it can benefit your anti-money laundering program.
Maryland pass-through entity tax workaround clarified under new law

Maryland pass-through entity tax workaround clarified under new law

The legislation clarifies that the tax is a tax on the pass-through entity itself and applies to nonresidents.
House bill would ban carried interest tax benefits for asset managers

House bill would ban carried interest tax benefits for asset managers

Bill would treat carried interest as ordinary income and subject to it to self-employment tax, regardless of the holding period.
Research expense changes are rapidly creeping up

Research expense changes are rapidly creeping up

Sweeping changes are coming. Don’t let required capitalization of research expenditures wreak havoc on your tax return.
Alabama enacts significant corporate tax and COVID-19 relief

Alabama enacts significant corporate tax and COVID-19 relief

The legislation significantly changes the corporate tax system and exempts certain COVID-19 relief from taxation.
Tax technology for investment partnerships

Tax technology for investment partnerships

Investment partnerships face a complex landscape when it comes to tax compliance. The solution lies in partnership tax technology.
PFIC traps for the unwary during the pandemic and purging the taint

PFIC traps for the unwary during the pandemic and purging the taint

Devaluation caused by the pandemic may turn your company into a PFIC. However, there may be ways to mitigate tax costs.
Cybersecurity issues for plan sponsors

Cybersecurity issues for plan sponsors

The Department of Labor is working on guidance addressing cybersecurity issues as they relate to plan sponsors and third-party providers.
Conditions ripe for strategic real estate, construction investments

Conditions ripe for strategic real estate, construction investments

Low interest rates provide an opportunity for real estate investors to access low-cost capital and make long-term strategic investments.
What tax technology looks like in 2021 and beyond

What tax technology looks like in 2021 and beyond

Tax technology tools are always changing. Innovation can’t outpace you if you’re prepared with the right data and the right team.