INSIGHTS AND RESOURCES

D.C. eliminates terminating business exclusion for UBT

D.C. eliminates terminating business exclusion for UBT

Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.
Have you planned your lease accounting compliance timeline yet?

Have you planned your lease accounting compliance timeline yet?

With lease accounting compliance deadlines approaching, learn how strategy and technology can align for an effective compliance approach.
IRS adds vehicles to qualified plug-in vehicle list

IRS adds vehicles to qualified plug-in vehicle list

IRS adds multiple vehicles to its list of plug-in electric motor drive vehicles for purposes of the section 30D credit.
FASB to finalize goodwill impairment triggering event alternative

FASB to finalize goodwill impairment triggering event alternative

FASB votes to finalize a goodwill impairment triggering event alternative for private companies and not-for-profit entities.
Proposed quality management standards

Proposed quality management standards

The Auditing Standards Board has issued three proposed new standards for quality management at the firm and engagement levels.
Tax Court holds improperly documented management fees not deductible

Tax Court holds improperly documented management fees not deductible

Management fees paid to shareholders not made purely for services and unreasonable in amount are not deductible under section 162.
The Changing Investor Landscape Under COVID-19

The Changing Investor Landscape Under COVID-19

While 2021 may turn into a feeding frenzy for private equity, longer-term investors can remain as selective as they’ve always been.
Sarbanes-Oxley: In a world of constant change, knowledge is power

Sarbanes-Oxley: In a world of constant change, knowledge is power

Learn about strategies to manage your SOX program while facing unprecedented business challenges and changing guidance during COVID-19.
Now is always a good time for a reverse sales and use tax audit

Now is always a good time for a reverse sales and use tax audit

Reverse sales and use tax audits can help businesses improve cash flow and provide long-term tax compliance improvements.
Mexican tax reform may have substantial impact on taxpayers

Mexican tax reform may have substantial impact on taxpayers

Mexico released tax changes for 2021. Some new rules may have significant impact on U.S. companies doing business in Mexico.
Tax considerations for family offices under the Biden administration

Tax considerations for family offices under the Biden administration

Biden’s campaign proposed tax increases that affect family offices, including rate hikes on corporations and wealthy individuals.
Real estate equity raising

Real estate equity raising

Middle market funds can bring in more equity by offering more favorable terms to LPs, but may be better off with investors they trust.
What Brexit means for financial services

What Brexit means for financial services

Brexit was signed on Dec. 31, bringing some degree of resolution but leaving many questions for the financial services industry.
PCAOB conversations with audit committee chairs

PCAOB conversations with audit committee chairs

The PCAOB recently summarized audit committee insights on auditor communications, new standards and emerging technologies.
LB&I to focus on proper reporting of tax purchase price allocations

LB&I to focus on proper reporting of tax purchase price allocations

LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.