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California Revises Requirements for Qualified Purchaser Program Registration
Assembly Bill (AB) No. 1097 introduces significant requirement changes for Qualified Purchaser Program registration.
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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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Article
Strategic Planning and Construction in Turbulent Times for Hospitals
Before undertaking a construction project, leadership should understand and align their final project goals and agree on strategy.
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Alert
New Private Company Alternative Eliminates Requirement to Recognize Certain Intangible Assets in Business Combinations
A new accounting alternative allows private companies to elect not to recognize certain intangible assets in business combinations but rather to include them in goodwill. We take a closer look at the new alternative and its related requirements in this Alert.
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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
Congress Sends Endowment Inquiry to 56 Colleges and Universities
The US House Committee on Ways and Means and the US Senate Committee on Finance sent a letter to 56 institutions inquiring about endowments greater than $1 billion held by colleges and universities to understand how they use their endowment assets.
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Article
Tax Opportunities for Wineries and Vineyards
Wineries and vineyards have a number of tax-planning opportunities available to them—from accounting method elections to domestic international sales corporations, farming income averaging, and more. Learn more in this Insight.
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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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Alert
FASB Releases New Guidance on Financial Instruments
New FASB guidance enhances the reporting model for financial instruments in hopes of making information more useful to financial statement users. FASB reporters should evaluate the potential impact and potential benefits of early adoption.
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Article
How Wineries Classify and Track Trade Spending
Classifying trade spend costs can be confusing, especially in a three-tier system that the wine industry follows. We cover exceptions and some tips for wineries and their distributors.
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Article
Not-for-Profit Reporting Series: Improvements for Net Asset Classifications
A FASB update will improve the financial reporting requirements of not-for-profit entities. We explain what this means for net asset reporting.
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Article
Penalty Relief for Form 1098-T
IRS Announcement 2016-17 provides penalty relief for 2016 Form 1098-T, which eligible educational institutions are required to file by February 28, 2017.
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Alert
New Federal Tax Due Date Changes: Here’s What You Need to Know
New federal tax due date changes for the 2016 filing season will most significantly impact partnerships and corporations. More details in our Alert.
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Article
IRS Issues Final Regulations for Program-Related Investments
Final regulations issued by the IRS on program-related investments provide amended guidance for private foundations. These changes were highly anticipated and make the process of investing easier.
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Article
Section 501(c)4 Social Welfare Organizations Can No Longer Self-Declare Exempt Status
New and some existing 501(c)4 social welfare organizations can no longer self-declare exempt status using Form 990. An initial notification, user fee, and supporting information are now required.
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Article
Uniform Guidance in Focus: Procurement
Organizations that receive federal funds must follow new processes for procurement under the uniform guidance. In this Insight, we cover the five procurement methods as well as best practices for implementing the guidance.
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Alert
April 30 Deadline for Washington State’s Required Annual Tax Incentive Surveys and Reports
Washington State requires companies that claimed certain state tax incentives to file annual reports or surveys each year. If you claimed any of these incentives in 2015, your survey or report is due April 30, 2016.
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