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2023 annual revenue procedures updates for exempt organizations

2023 annual revenue procedures updates for exempt organizations

IRS 2023 annual revenue procedures have limited changes affecting exempt organizations.
ASC 740: Year-end provision considerations for 2022

ASC 740: Year-end provision considerations for 2022

A roundup of global income tax considerations and changes in tax law for corporations preparing income tax provisions under ASC 740 for the fourth quarter of 2022.
Double Your Tax Savings with Home Sale Gain Exclusion Plus Like-Kind Exchange

Double Your Tax Savings with Home Sale Gain Exclusion Plus Like-Kind Exchange

Selling a highly appreciated principal residence could trigger a large gain. While some of the gain may be sheltered with the home sale gain exclusion, the rest could result in a sizable income tax bill. To avoid this negative tax outcome, you could convert the home into a rental property and eventually execute a tax-deferred Section 1031 like-kind exchange. Here's how this double play strategy works
A guide to accounting for investments, loans and other receivables

A guide to accounting for investments, loans and other receivables

Information about accounting for equity securities, debt securities and loans and other receivables, including recognition of credit losses.
Treasury and IRS release interim guidance on corporate minimum tax

Treasury and IRS release interim guidance on corporate minimum tax

Notice 2023-7 provides interim guidance on certain items related to the new corporate minimum tax in anticipation of forthcoming proposed regulations.
The IRS issues guidance on new 1% stock buyback excise tax

The IRS issues guidance on new 1% stock buyback excise tax

Treasury and the IRS issues guidance on the new 1% stock repurchase (buyback) excise tax, which can assist corporations reporting the tax.
With no year-end tax package, businesses face unfavorable changes

With no year-end tax package, businesses face unfavorable changes

Businesses must contend with several unfavorable tax changes after no significant business tax provisions appeared in a year-end omnibus package.
Treasury releases 2022 year-end guidance timeline

Treasury releases 2022 year-end guidance timeline

Treasury’s 2022 year-end guidance timeline explains what guidance can be expected before the new year and in spring 2023.
Don’t be fooled, the great resignation isn’t over: Talent retention in a new age

Don’t be fooled, the great resignation isn’t over: Talent retention in a new age

The pandemic revolutionized the workplace, with sweeping changes everywhere. Remote work continues to be attractive, partly because COVID-19 concerns persist.
Housing starts and permits fall as the correction continues

Housing starts and permits fall as the correction continues

New housing starts dropped for the third month in a row in November as the housing market continued to be in correction mode.
Private equity governance: Driving value and returns

Private equity governance: Driving value and returns

How private equity firms approach governance to drive value and returns and what boards and management teams at PE-owned companies can expect.
Crypto-Asset Reporting Framework: Answers to fundamental questions

Crypto-Asset Reporting Framework: Answers to fundamental questions

Understand the OECD’s final Crypto-Asset Reporting Framework (CARF) with these answers to fundamental questions.
Proposed improvements to leases guidance on related party arrangements

Proposed improvements to leases guidance on related party arrangements

Proposed improvements to leases guidance on related party arrangements The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update
Economic uncertainty remains top of mind for many senior leaders

Economic uncertainty remains top of mind for many senior leaders

From staffing shortages to supply chain disruptions and technology strategy challenges, health care providers have much to address now and in the coming months.
Producer price inflation hotter than expected ahead of Fed’s meeting

Producer price inflation hotter than expected ahead of Fed’s meeting

The producer price index for final demand rose by 0.3% in November and by 7.4% year-over-year, the Bureau of Labor Statistics reported on Friday.