House Ways and Means releases reconciliation tax payfors
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Democrats Release Draft Bill to Overhaul U.S. International Tax Rules
Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
IRS Issues Procedural Guidance for the New Revenue Recognition Rules
The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.
Addressing Risks in Your Health Care Organization
A successful risk assessment and internal audit can help locate high-risk areas within your health care organization.
The IRS takes aim at high net worth individuals
A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
Strategies for streamlining the grant management process
Careful grant management planning can help organizations reduce paperwork, save time, ensure compliance and lead to increased grant awards.
IRS Issues Employee Retention Credit Gross Receipt Exclusion Procedure
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
MTC Adopts New P.L. 86-272 Guidance: What You Need to Know
The Multistate Tax Commission approved new guidance on P.L. 86-272 that specifically addresses internet activities in the new economy.
IRS enhances employee retention credit guidance for open questions
Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.
Paid Leave for Employees Impacted by COVID-19 in 2021
Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.