Insights

Tax Reform

The new tax reform law, known as the Tax Cuts and Jobs Act, was signed by President Trump on December 22, 2017. It represents the most sweeping rewrite of federal tax code in more than 30 years. Visit our dedicated tax reform page to learn more about implications for you and your business.

All Resources

Combining technical expertise with our keen understanding of our clients' businesses, we offer knowledgeable commentary on a broad spectrum of accounting, tax, finance, and business operations issues.

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Alert
An amendment to FASB accounting standards eliminates the requirement to categorize certain investments within the fair-value hierarchy when fair value is measured using the practical expedient. This Alert covers the details and effective dates.

Article
An employee stock ownership plan (ESOP) motivates, retains, and rewards employees who help make a business successful. It serves as a great exit strategy with some fantastic tax benefits, but it’s also a retirement benefit for your employees.

Article
Split-dollar life insurance plans are becoming popular among health care organizations because they offer tax-advantaged retirement benefits and can qualify for loan accounting treatment. The catch? Loan treatment doesn’t always apply.

Alert
The IRS is waiving penalties related to incorrect or missing taxpayer identification numbers (TINs) submitted by colleges and universities on Form 1098-T. This waiver applies to 2012, 2013, and 2014 tax years.

Article
Washington state expanded the substantial nexus standard to wholesaling activities, which are subject to a B&O tax rate imposed on Washington-source gross receipts. Effective September 1, this new legislation will impact far more taxpayers—particularly those outside of Washington.

Article
Our corporate landscape is increasingly global, making it challenging and complex for sponsors to organize benefit and retirement plans. Companies must diligently follow employment laws domestically and in foreign countries in which they operate.

Alert
The Treasury and IRS have released new proposed and temporary regulations on Section 199—the domestic production activities deduction. For agricultural cooperatives, the changes clarify several key items but raise further questions on a third.

Alert
The Office of Management and Budget recently released its 2015 compliance supplement. A number of changes will affect states, local governments, Indian tribal governments, and not-for-profit organizations that receive federal funding or grants.

Article
Companies in agribusiness are often family-owned, which means their buy-sell agreements, life insurance policies, and estate and succession plans need to be in sync to work smoothly and effectively. We take a closer look in this Insight.

Article
Regardless of the expansive differences between tribes in the United States, every tribe can be a high performer. In order to improve performance, there are four attributes that should be utilized: plan, perform, cultivate and compensate, and communicate.

Article
In 2016, multinational enterprises with 750 million euro or more in annual revenue will be subject to new reporting requirements under a base erosion and profit shifting project aimed at preventing double nontaxation. Details in this Insight.

Article
California has revoked Blue Shield of California’s status as a tax-exempt organization, a change that could mean a massive tax bill plus interest. We give an overview of the situation and what tax-exempt organizations need to do to reduce risk.

Article
Who’d guess a one-page, biennial filing could cause so much trouble for California corporations? As the secretary of state and Franchise Tax Board take steps to penalize organizations that fail to file, we look at what’s required.

Article
What do you pay a not-for-profit’s executives? Attracting and retaining talent is vital, but you can’t risk tarnishing your reputation with regulators, government funding sources, contributors, members, or the media. This Insight gives an overview.

Article
ASU 2015-07 aims to standardize how entities classify certain kinds of investments on their financial statements. If you use the net-asset-value per share practical expedient, your financial statements may be impacted. Details in this Insight.

Article
For the last several years, applications for tax-exempt status sat in a seeming black hole of IRS backlog and political maneuvering. We look at what’s happening now, including 1023-EZ applications, 501(c)(4) exemption applications, and more.

Article
A US appellate court upheld California’s requirement that charitable organizations soliciting donations within the state provide a list of significant donors’ names and addresses to the California attorney general. Details in this Insight.

Alert
Many states require businesses to report and remit unclaimed property they hold or face penalties and interest. Through November 1, 2016, Washington’s amnesty and voluntary disclosure program gives businesses an opportunity to start fresh.

Alert
With broad implications for taxpayers engaged in cost-sharing arrangements, the US Tax Court ruled against a requirement that stock-based compensation (SBC) expenses must be shared among parties engaged in qualified cost-sharing agreements.

Alert
When the TPEA was signed into law, little attention was paid to Section 806 of the act, which increases by as much as 150 percent the potential penalties for taxpayers who err in their information reporting to the IRS or payees.

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