Democrats Release Draft Bill to Overhaul U.S. International Tax Rules
Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT 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.
Missing Participants in a Retirement Plan
A retirement plan is required to maintain contact information for participants and beneficiaries who are owed a benefit under the plan.
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.
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 Enhances Employee Retention Credit Guidance for Open Questions
Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
Webinar Recording: Are You Ready for ASC 842? Simplify Your Lease Accounting
As the recovery continues, many businesses and exempt organizations are taking another look at the new lease accounting standard and requirements. Learn how to simplify the process.
SBA Formally Withdraws Loan Necessity Questionnaire
Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
Hanging on: 5 Ways that Hotels Can Survive the Pandemic Economy
With preserving liquidity and slowing cash burn top of mind for hotel owners and operators, the nominal investment in technology and reimagining of staffing has been an initiative for hotels in survival mode. Hotel operators need to make strategic decisions in these areas.
How Private Clubs Can Claim the Employee Retention Credit When Restrictions Are Lifted
Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.