In this episode Associate Director of Assurance and Advisory Services Mikel Gastaminsa, CPA, shares the basics of IFRS, what multi-national companies need to look out for and strategies for staying in compliance.
Posted on July 01, 2025
by
Karen Lake
Florida lawmakers recently approved House Bill (HB) 7031, calling for the full repeal of the state’s sales tax on commercial rent tax beginning on October 1, 2025. This change, which marks the end of a policy that has long been out of step with national norms, is expected to generate significant savings for Florida-based businesses […]
Posted on June 19, 2025
by
Angie Adames
In this episode Director of Tax Services Angie Adames, CPA, shares an overview of the IRS’ most common tax scams and ways to protect yourself.
Posted on May 26, 2025
by
Alex Keneiby
The IRS has announced its intention to withdraw final regulations issued just three months prior that would have imposed new reporting requirements on partnerships engaged in certain related-party basis-shifting transactions. By rescinding these regulations and the related penalties for noncompliance, the IRS aims to eliminate what it calls “complex” and “costly” compliance burdens on partnerships. […]
Posted on May 07, 2025
by
Jeremy Katz
In a recent decision by the New York State Court of Appeals, an advertising research firm is liable for $2.3 million in unpaid sales tax for information services it provided to its customers over a three-year period. According to the court, Dynamic Logic Inc. (Dynamic) had erroneously treated one of its information services products as […]
If you are between the ages of 60 and 63 in 2025 or later, there’s good news: you can give your retirement savings a significant boost, thanks to new changes in retirement contribution rules. Historically, the tax laws cap the annual contribution limits to 401(k), 403(b) and other qualified retirement plans. They also provide additional […]
U.S. taxes are based on a pay-as-you-go system, in which individuals either have taxes withheld from their paychecks or make estimated tax payments directly to the IRS four times a year. These quarterly tax payments made every three months typically apply to business owners subject to self-employment tax and to individuals who receive income in […]
Posted on April 03, 2025
by
John Ebenger
In this episode Director of Tax Services John Ebenger, CPA, shares the differences between real estate investors and dealers and how each classification impacts taxes.
Posted on April 01, 2025
by
Joel Young
On March 26, 2025, the Financial Crimes Enforcement Network (FinCEN) published an interim final ruling lifting a previous requirement for U.S. companies to report beneficial ownership information (BOI) under the Corporate Transparency Act (CTA). At the same time, however, the ruling reinforces a reporting requirement for a narrower scope of foreign companies. Domestic entities and […]
U.S. persons, businesses, trusts and estates with 10 percent or more ownership interest or voting control over a foreign business enterprise in fiscal year 2024 have a quinquennial requirement to file a Bureau of Economic Analysis (BEA) Forms BE-10 by May 30 or June 30, 2025, depending on the number of forms they must file. […]
