In May 2014, the FASB issued new revenue recognition guidance that replaces most pre-existing revenue recognition guidance, including industry-specific guidance, in U.S. GAAP.
Insights
New guidance released on clean energy credit labor requirements
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
IRS halts employee retention credit processing
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
IRS updates guidance on environmental justice solar and wind capacity limitation
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
How technology enables operational excellence in your family office
Family offices share insights on modernizing legacy systems in their quest to achieve technology-enabled operational excellence.
IRS releases initial rules for expenditures under section 174
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
Navigating the impact of recent regulatory changes in the BSA/AML/OFAC landscape
Learn about new regulatory guidance related to alternative banking and how your institution can grow while managing risks.
What U.S. private equity funds need to know about EU Directives
Two EU Directives that may affect U.S. private equity funds with investments in foreign portfolio companies.
Pretransaction restructuring
Frequently, when buyers and sellers are negotiating transactions, the parties to the transaction want to structure the deal in a manner that suits their business needs. This makes perfect sense. But, sometimes, these negotiations can cause a tax problem to arise– perhaps a tax problem that is not at all obvious.
Harnessing the power of data analytics in business service companies
Discover how data analytics transforms business services companies and enhances efficiency and profitability.