It’s not always obvious that forensic imaging belongs in your employee offboarding processes. However, imagine these scenarios: Something is missing – you thought the file was right there on your computer. It is a vital client document for which you have looked for hours. You start to think how your old coworker also worked on…
Tax loss harvesting is an income tax planning strategy that involves selling investments at a loss with the intent to offset capital gain income. This strategy is beneficial to taxpayers who have large capital gain income and are seeking ways to lower their related income tax liability. It is important to note that any tax…
Before the 2023 calendar year ended, a new Accounting Standards Update (ASU) was issued by the Financial Standards Account Board (FASB) to update the requirements for income tax disclosures under US GAAP. ASU 2023-09 applies to all entities that are subject to income taxes, but some disclosures are only required for public entities. Public business…
Download a PDF of this case study. Executive Summary Our automotive accessories client was looking to evaluate their existing distribution center (DC) structure, assess its cost and performance and explore alternative structures for enhancing capabilities. The project with the Firm’s Manufacturing, Distribution and Logistics (MD&L) group encompassed both retail and wholesale operations – seeking answers…
Most of us don’t have hundreds of thousands, millions or even billions of dollars at our disposal to purchase our favorite sports team. However, it is a dream for many sports fans to fantasize about owning a sports team. This dream is becoming reality for some wealthy fans. Some investors are willing to spend significant…
As conversations continue over due diligence for technology companies, it is important we build off of Key Areas of Due Diligence for Technology Companies from 2023 and work our way into the forecast ahead in 2024. Podcast Spotlight: Due Diligence for Technology Companies Listen in to this episode of The Capital Table as Steve Brady,…
Recently, the Internal Revenue Service (“IRS”) and the U.S. Treasury Department (Treasury) released proposed regulations for donor advised funds (DAFs) under section 4966 (REG-142338-07) which includes updated proposed interpretive guidance surrounding excise tax on taxable distributions from a DAF. The regulations propose changes to: What Is a DAF? IRC Section 4966 defines a DAF as…
The transfer pricing landscape constantly evolves with rapidly changing IRS policies and procedures and greater efforts directed towards effective enforcement and identifying noncompliance among taxpayers. Last October, the IRS announced that we could expect new enforcement initiatives using the Inflation Reduction Act (IRA) funding, including a “large foreign-owned corporations transfer pricing initiative.” We see from…
The Securities and Exchange Commission (SEC) has decided to increase its oversight of firms that trade U.S. Treasuries frequently, such as hedge funds and high-speed traders. These firms will now have to register as dealers with the SEC, which means they will face more rules and scrutiny. The SEC says this move will help them…
The fitness and wellness industry is a broad and diverse sector that encompasses various products, services and activities that aim to improve the physical, mental and emotional health of consumers. In 2023, the industry faced many challenges and opportunities as it adapted to the changing needs and preferences of consumers in the wake of the…