ThomsonReuters

AUGUST 25, 2023

Jump to: How does depreciation affect corporation taxes? What is the depreciation guidance for corporate alternative minimum tax? With tax obligations on the rise, your role as a trusted advisor is bound to grow in importance. Furthermore, 73% said they expected their total tax liability to increase over the next 12 months.

Treasury 98

Treasury 98

Law 360 M&A

OCTOBER 25, 2022

An ex-Uber Technologies executive who declared bankruptcy after admitting to stealing trade secrets from Google asked a California federal court to uphold a decision freeing his settlement with the companies from income taxes, saying the bankruptcy court had authority to determine his bottom-line liability.

Technology 40

Technology 40

ThomsonReuters

DECEMBER 6, 2023

James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, explained that the origin of the current issues with the ERC can be traced back to before the health emergency and the absence of tax preparer oversight. “Tax preparation is kind of the Wild West,” Creech began.

Start-ups 105

Start-ups 105

ThomsonReuters

JUNE 23, 2022

Chart for Determining the Applicability for the Federal Independent Dispute Resolution (IDR) Process. The chart is intended to assist parties in determining which process applies for determining the payment amount for a covered item or service—the federal IDR process or a state law or All-Payer Model Agreement. Available at [link].

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Reynolds Holding

MARCH 4, 2024

It is a set of entities constructed to advance the legal purposes of a nonprofit, tax-exempt charitable corporation. The nonprofit and its tax-exempt charitable purposes, rather than Altman, should have been the star of the show. Why have the nonprofit and tax-exempt purposes been lost in public discussion about the OpenAI debacle?

Start-ups 59

Start-ups Technology 59

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? Sales tax varies by state What is nexus? What is excise tax? What is VAT tax? Sales tax vs. use tax Summary Sales tax, which is a consumption tax levied on the sale of goods and services, is an important source of revenue for governments at the state and local levels.

Compliance 98

Compliance 98

ThomsonReuters

DECEMBER 19, 2020

163(j) was added by the Tax Cuts and Jobs Act (TCJA, PL 115-97). It limits the amount of business interest expense that a taxpayer can deduct, effective for tax years beginning after December 31, 2017. For tax years beginning on or after January 1, 2018, Code Sec. 59A (Base Erosion and Anti-Abuse Tax, BEAT) and Code Sec.

EBITDA 105

EBITDA Banking Finance 105

ThomsonReuters

MARCH 20, 2024

In addition, trying to identify which federal awards need auditing and sifting through extensive federal guidance to locate, compile, and execute the necessary audit procedures, can be significantly time-consuming. Just enter your client’s federal award information, expenditures, and answer a few questions, and voila!

Compliance 52

Compliance Accounting Firms 52

ThomsonReuters

MARCH 29, 2021

ARPA Section 9901 directs states in the permitted uses of federal aid funds received pursuant to ARPA, such as providing aid to households and small businesses, assisting essential workers, and providing government services that may have been impacted by COVID-19 related revenue shortfalls. Sign up for a free trial today!

Treasury 52

Treasury 52

ThomsonReuters

JUNE 17, 2021

Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, 86 Fed. The IRS has issued final regulations regarding the minimum 60-day extension of certain tax-related deadlines on account of “federally declared disasters.” Federally Declared Disasters.

Treasury 52

Treasury 52

ThomsonReuters

SEPTEMBER 22, 2022

As background, the DOL’s investigative authority under ERISA includes the power to issue subpoenas for documents and records, and courts have generally given the DOL broad authority regarding the variety of materials that it can seek through a subpoena. Contributing Editors: EBIA Staff.

Compliance 52

Compliance 52

ThomsonReuters

JULY 10, 2023

Jump to: What is sales tax? What is use tax? Sales tax vs. use tax Summary Calculating, collecting, and reporting sales tax and use tax can get complicated as a business grows, and it can be easy to confuse these two types of indirect taxes. What is sales tax?

Compliance 97

Compliance 97

ThomsonReuters

MARCH 9, 2023

Proposed Rule: Administrative Simplification: Adoption of Standards for Health Care Attachments Transactions and Electronic Signatures, and Modification to Referral Certification and Authorization Transaction Standard, 45 CFR Parts 160 and 162, 87 Fed. 78438 (Dec. Contributing Editors: EBIA Staff.

Compliance 59

Compliance 59

ThomsonReuters

JANUARY 28, 2022

Tax season is a critically busy time of the year for accountants, and we all know the stress that can come with such a high demand for services during that part of the year. But for some tax and accounting firms, the high volume of clients from January to April represents the majority of their business for the year.

Accounting Firms 102

Accounting Firms Start-ups Finance Marketability 102

Appraiser Newsroom

JULY 9, 2023

She has over 25 years of experience in valuation, financial reporting and tax, conducting numerous business and asset valuations for a variety of purposes including purchase price allocations, goodwill and asset impairments, mergers & acquisitions, tax restructuring, debt analysis, and gift and estate tax planning.

Intangible Assets 40

Intangible Assets Business Valuation Appraisal Finance 40

ThomsonReuters

MARCH 14, 2023

Checkpoint Edge is an AI-powered tax and accounting research tool that allows you to search for up-to-date information on what needs to get done, how it should be approached, how it needs to be documented, and the review process. When clients call, they expect you to have the answers. We have done it for you.

Start-ups 59

Start-ups Marketability 59

ThomsonReuters

NOVEMBER 15, 2023

Jump to: Do charities get tax exemptions? How to file taxes for nonprofits What are the 501(c)(3) reporting requirements? Helping clients with Form 990 and charity exemptions Charities and nonprofits must comply with tax obligations in order to maintain their tax-exempt status. Do charities get tax exemptions?

Compliance 52

Compliance Finance 52

ThomsonReuters

JANUARY 30, 2023

As the burden of corporate tax compliance mounts, companies are increasingly turning to tax and accounting firms for help in complying with direct tax requirements. How can direct tax software help tax reporting?

Start-ups 59

Start-ups Compliance Accounting Firms Technology 59

ThomsonReuters

JUNE 15, 2023

June 13, 2023)) A federal appellate court has paused a portion of the trial court’s ruling in Braidwood v. The post ACA Preventive Health Services Mandate to Remain in Effect During Braidwood Appeal appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Braidwood v. Becerra, 2023 WL 2703229 (N.D.

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ThomsonReuters

MARCH 10, 2021

Provides that paid sick and paid family leave credits may each be increased by the employer’s share of Social Security tax (6.2%) and employer’s share of Medicare tax (1.45%) on qualified leave wages. “Applicable employment taxes” are defined as the employer’s share of Medicare or Tier 1 RRTA tax. .

Treasury 105

Treasury Start-ups Finance Marketability 105

ThomsonReuters

DECEMBER 17, 2021

In 2022, tax authorities around the world hope to finalize the myriad details that will shape a Global Minimum Tax on multinational corporations — if they can reach consensus and make it happen. Reuters noted that this is “an extremely tight timeframe given that previous international tax deals took years to implement.”.

Treasury 52

Treasury Technology Compliance 52

ThomsonReuters

OCTOBER 7, 2021

The guidance cautions, however, that federal and state employment laws must be considered in addition to HIPAA. The EEOC has provided separate guidance on federal employment laws (see our Checkpoint article ).) Contributing Editors: EBIA Staff.

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ThomsonReuters

AUGUST 18, 2022

Here are highlights: Enhanced Premium Tax Credit. The favorable premium tax credit rules adopted in the American Rescue Plan Act (ARPA) will now remain in effect through 2025. ARPA expanded the ACA premium tax credit for taxable years 2021 and 2022 (see our Checkpoint article ). Contributing Editors: EBIA Staff.

Start-ups 59

Start-ups 59

Appraiser Newsroom

JULY 9, 2023

Qualified as an Expert in State and Federal Courts in California and Colorado as well as in numerous counties for Ad Valorem Assessment Appeals. He has over fifty years of experience valuing machinery assets for a wide range of purposes including lending, accounting, Federal tax, property tax, condemnation, and litigation.

Appraisal 52

Appraisal Business Valuation Technology Marketability 52

Appraiser Newsroom

OCTOBER 27, 2023

Mr. Fishman has co-authored several books, including the Guide to Business Valuations, Standards of Value, A Consensus View Q&A Guide to Financial Valuation and The Business Valuation Bench Book. Fishman, FASA, is a Managing Director of Financial Research Associates and has been actively engaged in the appraisal profession since 1974.

Business Valuation 59

Business Valuation Intangible Assets Appraisal Business Enterprise 59

ThomsonReuters

APRIL 6, 2023

2023) A federal trial court has vacated all agency actions taken on or after March 23, 2010, to implement or enforce the preventive health services mandate of the Affordable Care Act (ACA) in response to an “A” or “B” recommendation of the United States Preventive Services Task Force (USPSTF). Braidwood Mgmt. Becerra, 2023 WL 2703229 (N.D.

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ThomsonReuters

OCTOBER 12, 2023

For accountants, understanding how to navigate foreign asset reporting is essential, as the IRS requires taxpayers to report certain foreign assets to ensure compliance and combat tax evasion. It is filed with their annual federal income tax return if they meet certain criteria. tax return. Generally, any U.S.

Compliance 40

Compliance Banking Dividends Technology 40

ThomsonReuters

APRIL 7, 2022

The Ninth Circuit has reversed a federal trial court’s ruling that a large insurer breached its fiduciary duty to health plan participants by using overly restrictive guidelines for administering claims. United Behavioral Health, 2022 WL 850647 (9th Cir. Available at [link]. Contributing Editors: EBIA Staff.

Compliance 97

Compliance 97

ThomsonReuters

JANUARY 12, 2023

The primary role of an accountant is to handle a variety of tasks including tax preparation, financial planning and audits. . The IRS also performs audits to verify the accuracy of a taxpayer’s tax return and specific transactions. This includes preparing, filing, and submitting documents, and providing advice on federal tax matters.

Technology 59

Technology Compliance Start-ups Accounting Firms 59

Appraiser Newsroom

JULY 5, 2022

CohnReznick performs hundreds of valuation and financial advisory engagements annually for mergers and acquisitions, debt and equity funding, buy/sell, financial reporting, estate and income tax purposes, litigation support, and strategic planning. litigation purposes such as transaction advisory, financial reporting, and tax.

Appraisal 52

Appraisal Business Valuation Banking Technology 52

ThomsonReuters

JANUARY 21, 2021

Generally, disclosures for treatment, payment, or specified health care operations do not require an individual authorization. Individual Authorizations. An authorization permits—but does not require—a covered entity to disclose an individual’s PHI to the person or entity identified in the authorization.

Compliance 52

Compliance 52

Appraiser Newsroom

JULY 5, 2022

Henry , PhD, CBE is former Senior Economist for the Council of Economic Advisers in the Executive Office of the President (the White House), and the Senior Regional Officer and Vice President for the Federal Reserve Branch in Cincinnati. He specializes in the valuations of business enterprises and their intangible assets.

Business Valuation 40

Business Valuation Intangible Assets Appraisal Finance 40

ThomsonReuters

SEPTEMBER 15, 2022

In a case challenging the preventive health services mandate of the Affordable Care Act (ACA), a federal trial court has held that a key portion of the mandate violates the U.S. The post Court Calls Into Question Key Portions of ACA Preventive Services Mandate appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Appraiser Newsroom

FEBRUARY 16, 2022

Below is a closer look at these contributing authors. Allen is also active in the profession as an author, lecturer , and volunteer, most recently serving as President of the N evada Society of CPA s Las Vegas Chapter. He has also testified on valuation uses in federal and state venues across the U.S. Jenn ifer A.

Intangible Assets 52

Intangible Assets Business Valuation Appraisal Corporate Finance 52

ThomsonReuters

OCTOBER 14, 2021

Could we help them repay those loans on a tax-advantaged basis using a qualified educational assistance program? If you have a program, you will need to amend it to add student loan repayment benefits unless the program already authorizes any type of educational assistance within the meaning of Code § 127. Notification.

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ThomsonReuters

APRIL 20, 2023

In Braidwood , a federal trial court held that the members of USPSTF—but not HRSA or ACIP—lacked the authority to determine the preventive services that must be covered by private health plans (see our Checkpoint article ). See also EBIA’s Self-Insured Health Plans manual at Section XIII.C.1 Contributing Editors: EBIA Staff.

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ThomsonReuters

MAY 6, 2021

A federal trial court has dismissed breach of fiduciary duty and related claims against a 401(k) plan recordkeeper that allegedly shared participant data with its affiliates for marketing purposes. The issue has not yet been addressed in the federal circuit courts, and the DOL’s silence on the issue may yet be broken.

Marketability 52

Marketability 52