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IRS Proposes Changes to Group Exemption Letter Program
Recently proposed changes would impact an organization’s ability to receive Section 501(c) tax-exempt status. Learn more.
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Article
CRA, FCRA & HDMA: Regulatory Changes and Relief for Financial Institutions in 2020
Learn how lenders can receive Community Reinvestment Act consideration and other benefits for providing COVID-19 relief to borrowers.
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Alert
FASB Defers Effective Dates, Provides Transition Relief for Insurance Entities
FASB has deferred effective dates and eased requirements for the LDTI standard. Learn impacts for insurance entities.
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Alert
HHS Releases CARES Act Provider Relief Fund Reporting Requirements
HHS published general and targeted distribution post-payment PRF reporting requirements.
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Alert
Year End Multistate Update for Western States
Discover legislative changes, court decisions, and voter initiatives that will impact taxpayers.
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Alert
New COVID-19 Relief Provides Aid to Tribes and Tribal Businesses
The federal stimulus package provides expanded PPP loans, CRF extensions, and more to Tribes and Tribal governments.
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Article
Consider Rebuilding Perioperative Processes for Better Efficiency
As organizations increase surgeries following the initial COVID-19 shutdown, learn to improve processes and patient safety.
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Alert
340B Qualification for Hospitals Affected by COVID-19 Public Health Emergency
A new law provides a path towards eligibility for the 340B drug pricing program for hospitals impacted by COVID-19.
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Alert
SEC Issues Proposed Rules to Enhance Private Fund Investor Protection
The SEC proposes new and amended rules in the Advisers Act to protect investors.
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Alert
US Treasury Issues Final Rule for State and Local Fiscal Recovery Funds
On January 6, 2022, the US Department of Treasury issued the State and Local Fiscal Recovery Funds Final Rule.
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Alert
NCUA Alert Clarifies Accounting Standard for Federal Credit Unions
The National Credit Union Administration raised the asset threshold for supervision of some credit unions to $15 billion.
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Alert
Improvements to Fair Value Guidance for Restricted Equity Securities
The FASB issued amended guidance to clarify the accounting for restricted equity securities.
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Alert
FEMA Eligibility Deadline for COVID-19 Applications Approaches: July 1, 2022
The Federal Emergency Management Agency (FEMA) has set July 1, 2022, as the eligibility deadline for pandemic aid.
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Alert
FASB Proposes to Improve Lease Accounting for Common Control Arrangements
The Financial Accounting Standards Board (FASB) proposed to improve lease accounting for common control arrangements.
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Alert
New Laws Modify Texas Economic Development Programs
The recent Texas legislation session ended with modifications to the Texas Enterprise Zone Program (EZP). Learn details.
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Alert
California Franchise Tax Board to Contact 1 Million Income Tax Nonfilers
Taxpayers that earned 2013 income in California but didn’t file a state return can expect to receive a filing enforcement from the Franchise Tax Board in the coming months. This Alert covers what you should do if you receive one.
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Alert
Prepare for April 15 and Protect Your Identity by Reactivating Your MyFTB Account Soon
Following a revamp of its MyFTB tax filing system, California taxpayers need to reactivate their accounts. Start now to make sure you’re prepared for the April 15 deadline and protect your identity against hackers.
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Alert
IRS Extends Affordable Care Act Filing Deadlines
The IRS extended some due dates for some filings required by the ACA. Employers must provide Forms 1095-B or 1095-C to employees by March 31 and all Forms 1095 to the IRS by February 29 (if paper) or June 30 (if electronic).
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Alert
Reevaluate California Apportionment Formulas Following Gillette v. Franchise Tax Board
The California Supreme Court ruled that companies may not elect to apportion in-state and out-of-state income using the Multistate Tax Compact’s three-factor, evenly weighted apportionment formula. Details in this Alert.
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Alert
Extender Is Good News for Businesses with International Operations
The 2015 tax extender law brought good news for companies with international operations, making the Subpart F active financing exception permanent and extending the look-through rule through year-end 2019. Details in this Alert.
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