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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.
Massachusetts so-called Millionaires’ Tax heads to 2022 ballot

Massachusetts so-called Millionaires’ Tax heads to 2022 ballot

Massachusetts voters to decide whether 2022 ballot measure adding 4% tax on individual incomes over $1 million passes.
FASB updates Codification for SEC Releases

FASB updates Codification for SEC Releases

The FASB recently updated its Accounting Standards Codification pursuant to SEC Releases No. 33-10786 and No. 33-10835.
The IRS takes aim at high net worth individuals

The IRS takes aim at high net worth individuals

A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
Strategies for streamlining the grant management process

Strategies for streamlining the grant management process

Careful grant management planning can help organizations reduce paperwork, save time, ensure compliance and lead to increased grant awards.
Step-transaction and substance-over-form in financial transactions

Step-transaction and substance-over-form in financial transactions

In GSS Holdings Inc., the court applied step-transaction and substance-over-form doctrines to a series of financial transactions.
Markets Moved Higher Despite Peak Concerns

Markets Moved Higher Despite Peak Concerns

July was, on balance, a good month for investors. Many broad market indexes across equity and fixed income posted positive returns.
Addressing risks in your health care organization

Addressing risks in your health care organization

A successful risk assessment and internal audit can help locate high-risk areas within your health care organization.
IRS issues employee retention credit gross receipt exclusion procedure

IRS issues employee retention credit gross receipt exclusion procedure

Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
MTC adopts new P.L. 86-272 guidance: What you need to know

MTC adopts new P.L. 86-272 guidance: What you need to know

The Multistate Tax Commission approved new guidance on P.L. 86-272 that specifically addresses internet activities in the new economy.
Massachusetts enacts budget; pass-through entity tax workaround vetoed

Massachusetts enacts budget; pass-through entity tax workaround vetoed

The proposed workaround to the federal SALT deduction is unique in providing a 90% credit for an individual’s share of entity tax paid.