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Learn MoreTax equalization is one of the most tax-efficient strategies available to a regulated investment company (RIC). The strategy can reduce or even potentially eliminate a capital gain distribution requirement for your fund and your shareholders — yet not everyone uses it. While there are...
Read MoreAs the critical Wayfair decision from 2018 continues to unfold in terms of its implications, sales and use tax audits have skyrocketed as states look to recapture critical revenues. If your business is selected for a sales and use tax audit, understanding the process will help you minimize any...
Read MoreEvery year in late spring, a few thousand M&A professionals, including private equity investors, investment bankers, strategic acquirers and operating partners, converge on the annual ACG DealMAX conference in Las Vegas. As the premier M&A event in the U.S., each year we send our own team of M&A...
Read MoreOn May 10, 2024, Tennessee Governor Bill Lee signed into law Senate Bill No. 2103, significantly changing the Tennessee franchise tax computation. Specifically, SB 2103 eliminates the Tennessee property measure, Schedule G, of the franchise tax effective for tax years ending on or after January 1,...
Read MoreA constantly changing tax landscape — from the Marketplace Fairness Act and various uniformity projects, to Wayfair and the digital economy — continues to alter the course of business as usual when it comes to staying compliant with state and local taxes. The current environment has also led to...
Read MorePosted by Matt Rager and Kristin Spengler Whether or not there is an immediate need to file for bankruptcy, it is important to understand the possibilities when it comes to protecting your assets and understanding your options. You can protect your assets prior to filing, or, if at a point in...
Read MoreOne of the most difficult discussions between an audit firm and a client’s management team is often whether or not substantial doubt exists about the entity’s ability to be a “going concern.” In other words, will the company continue operating/meeting its obligations within one year after financial...
Read MoreKeeping the momentum of a record breaking 2023 — when the PCAOB was more active with standard setting and rulemaking than it had been over the past 10 years — the oversight body issued its second and third proposals of 2024 on April 9. PCAOB Release No. 2024-004, Firm and Engagement Metrics, and...
Read MorePosted by Deb Elfers, Jacqueline Kandray and Phi Bui Wills and trusts are common estate planning tools individuals use to manage their assets and distribute their wealth after passing. The use of both of these vehicles can ensure your assets and possessions end up where you want them. While a...
Read MoreWhether this is the first time your real estate entity has needed a financial statement audit or review, or you have recently changed accounting firms after a long relationship, the thought of working through the audit or review process can create some stress, for sure. There are, however,...
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