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.
Though year-end 2015 may seem distant, now’s the time for private foundations to review their preparedness to meet minimum distribution requirements, use or create excess distribution carryovers, and take advantage of reduced excise tax rates.
For community bank directors, boosting shareholder value is critical—and sometimes the best way to do it is by selling the institution. Here are a few ways community banks can increase their value in preparation for a potential transaction.
A number of key developments and considerations came out of California’s 2015 legislative session. We cover key tax opportunities and changes for businesses and individuals for the 2016 filing season and beyond.
Charitable gifts made before year-end can provide a valuable deduction against your 2015 taxes. As the year winds down, consider gifting options beyond your checkbook to increase the tax efficiency of your gifts.
Ensuring you’ve provided donors with the proper documentation for IRS tax deduction purposes can help make sure they get the tax benefit of their donation. We review what charitable organizations need to provide in this Insight.
Proposed regulations may require additional reporting for disregarded entities (DREs) in the United States. Foreign-owned, single-member limited liability companies should start preparing now. Learn more in this Insight.
The California Competes Tax Credit program begins accepting applications January 2, 2017. Here’s what applicants need to know about the competitive process.
Organizations receiving federal awards must comply with the uniform guidance. We outline the most important areas to watch in this article originally published in California Healthcare News.
Classifying trade spend costs can be confusing. It’s often incorrectly considered a selling expense when it should be netted against revenue. We cover exceptions and some tips in this Insight.
Proposed Oregon Initiative Petition 28 would impose an unlimited gross receipts tax on C corporations with Oregon sales of more than $25 million. If passed, this tax would have significant ramifications for businesses and residents in Oregon.
Large capital projects can be beneficial to an entire tribe, especially if completed on time and within budget. A midpoint or close-out construction audit can help tribes protect their investment from risk and potentially find substantial savings.
As donor-advised funds become more prevalent, it’s important to understand the implications for the donor and the public charity receiving the donation. We explore different scenarios in this Insight.