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California’s Hospital Diversity Act: Assembly Bill 962

California’s Hospital Diversity Act: Assembly Bill 962

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
The value of proactive family office cybersecurity assessments

The value of proactive family office cybersecurity assessments

Managing the risk of business email compromise and other cyberattacks through proactive family office cybersecurity assessment.
Navigating the REIT asset tests

Navigating the REIT asset tests

Despite their competitive tax advantage, REITs are subject to a complex set of compliance rules which include quarterly asset tests
President Biden’s tax plan

President Biden’s tax plan

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
PPP forgiveness and expenses: State tax implications

PPP forgiveness and expenses: State tax implications

States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
Final regulations address deductibility of fines and penalties

Final regulations address deductibility of fines and penalties

Final regulations provide guidance related to deducting fines and penalties and related information reporting requirements.
Excess compensation paid by exempt organizations final regs. released

Excess compensation paid by exempt organizations final regs. released

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.
San Francisco business taxes in 2021: What you need to know

San Francisco business taxes in 2021: What you need to know

Businesses with San Francisco activity should be prepared to understand a number of recent changes and updates to city tax law.
IRS releases final 199A regulations for co-ops and their patrons

IRS releases final 199A regulations for co-ops and their patrons

Final regulations on the section 199A deduction and the DPAD for certain specified co-ops closely mirror guidance in proposed regulations.
Final independent contractor rule under the Fair Labor Standards Act

Final independent contractor rule under the Fair Labor Standards Act

The DOL has issued final regulations on the FSLA’s rules for independent contractors including gig workers, but it may be repealed.
Brexit and company taxes: What happens from Jan.1, 2021?

Brexit and company taxes: What happens from Jan.1, 2021?

A look at the impact of Brexit on tax treaties and on the operation of tax law internationally in the new year.
Ongoing updates to Coronavirus: Financial reporting considerations

Ongoing updates to Coronavirus: Financial reporting considerations

Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
Updates to our hedging guide for reference rate reform

Updates to our hedging guide for reference rate reform

We have updated our hedging guide to refer to certain temporary optional expedients and exceptions included in ASC 848.
Treasury issues final aviation excise tax regulations

Treasury issues final aviation excise tax regulations

Final air transportation excise tax regulations provide rules for aircraft management services exemption and update prior regulations.
FASB clarifies scope of reference rate reform guidance

FASB clarifies scope of reference rate reform guidance

The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.