INSIGHTS AND RESOURCES

Green energy credits and excise tax proposals in Build Back Better Act

Green energy credits and excise tax proposals in Build Back Better Act

House Ways & Means reconciliation bill contains significant changes to renewable energy credits as well as new excise taxes.
REITs must be aware of the unique tax rules for hedging instruments

REITs must be aware of the unique tax rules for hedging instruments

Income derived from certain hedges is excluded from the REITs income tests while income derived from others is included as bad REIT income.
Ransomware-as-a-service: A new business model for cybercriminals

Ransomware-as-a-service: A new business model for cybercriminals

Ransomware-as-a-Service (RaaS) is a new business model for cybercriminals, making cyberattacks easier than ever.
SAS 136: Changes for employee benefit plans and their auditors

SAS 136: Changes for employee benefit plans and their auditors

SAS 136 will affect audits of employee benefit plans subject to ERISA effective for periods ending on or after December 15, 2021.
SEC comments on companies’ climate-change disclosures

SEC comments on companies’ climate-change disclosures

The SEC recently released a sample letter illustrating comments it may issue regarding climate-change disclosures.
The Benefits of Outsourcing Your Accounting

The Benefits of Outsourcing Your Accounting

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
IRS launches new website for Joint Committee on Taxation refund cases

IRS launches new website for Joint Committee on Taxation refund cases

The IRS launched a new webpage to guide individual taxpayers and C corporations with large refunds of more than $2 million.
IRS takes skeptical view of agency argument to avoid income inclusion

IRS takes skeptical view of agency argument to avoid income inclusion

In an agent/principal relationship, the expenditures must inure primarily to the principal in order to avoid income to the agent.
Discount rate for lessees that are not PBEs

Discount rate for lessees that are not PBEs

The FASB tentatively decided to allow lessees that are not PBEs to make the risk-free rate election by class of underlying asset.
At a glance: NetSuite vs. QuickBooks

At a glance: NetSuite vs. QuickBooks

Read more on the difference between NetSuite and QuickBooks. Many small to medium-sized businesses utilize QuickBooks ...
Complex Media Tax Court case

Complex Media Tax Court case

The Complex Media Tax Court case and its applicability to section 351 transactions and the step-transaction doctrine.
Finalized section 301 regulations

Finalized section 301 regulations

The IRS has issued final regulations under section 301 which become effective Sept. 22, 2021, to reflect current law.
House proposed changes – What should wealthy individuals consider?

House proposed changes – What should wealthy individuals consider?

What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?
IRS targets syndicated conservation easements

IRS targets syndicated conservation easements

IRS issued Notice 2017-10, designating syndicated conservation easements as a listed transaction requiring disclosure.
Interplay between Sec. 174 and Sec. 41 for software development

Interplay between Sec. 174 and Sec. 41 for software development

When accounting for software development costs, various tax accounting methods interact uniquely with the R&D tax credit.