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Driving security transformation through automation, AI and analytics

Driving security transformation through automation, AI and analytics

Security transformation should be a top priority. Modern security operations use AI-driven automation to reduce manual processes.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Use of trusts for multiple Qualified Small Business Stock exclusions

Use of trusts for multiple Qualified Small Business Stock exclusions

Increasing capital gains rates and low corporate tax rates create opportunity for an exclusion of gain on Qualified Small Business Stock.
IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.
Maximizing tax depreciation deductions for landfill costs

Maximizing tax depreciation deductions for landfill costs

Landfill owners incur numerous costs for the acquisition of land, related preparation, and regulatory approval to fill on that land.
Illinois adopts SALT deduction workaround for pass-through entities

Illinois adopts SALT deduction workaround for pass-through entities

Illinois becomes the latest state to adopt a pass-through entity tax as a workaround to the federal SALT deduction limit.
Deductibility of fruitless IPO or SPAC preparation costs

Deductibility of fruitless IPO or SPAC preparation costs

Companies abandoning plans for IPO or SPAC transactions should consider the deductibility of transaction costs and termination fees.
Appeals court ruling is win for wine exporters

Appeals court ruling is win for wine exporters

Appeals court affirmed U.S. Court of International Trade decision allowing substitution drawback of certain excise taxes and customs duties.
New York issues pass-through tax guidance ahead of filing deadline

New York issues pass-through tax guidance ahead of filing deadline

New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
Access management: Adapting for a vanishing enterprise perimeter

Access management: Adapting for a vanishing enterprise perimeter

Access management is evolving as companies move to the cloud. Adaptive access is critical in the changing business landscape.
The state tax implications of telehealth

The state tax implications of telehealth

State and local tax implications of the explosive growth in telehealth arising from the global COVID-19 pandemic.
Security Summit warns of identity theft and unemployment fraud

Security Summit warns of identity theft and unemployment fraud

The Internal Revenue Service Security Summit discusses the common warning signs of identity theft and unemployment benefits theft.
Illinois revises rules for nonprofits making tax-exempt purchases

Illinois revises rules for nonprofits making tax-exempt purchases

New and clarified regulatory requirements for purchases made by, or on behalf of, exempt entities in Illinois effective June 3, 2021.
Updates to SBA’s PPP loan FAQ for borrowers and lenders

Updates to SBA’s PPP loan FAQ for borrowers and lenders

We have updated two of our white papers to reflect an update in the SBA’s PPP loan FAQ for borrowers and lenders.
IRS issues procedural guidance for the new revenue recognition rules

IRS issues procedural guidance for the new revenue recognition rules

The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.