The Association of International Certified Public Accountants (AICPA) has elected to pass a new Statement on the Auditing Standard titled Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans
IRS Opens Up on Government Shutdown and Tax Refunds The current “government shutdown,” is in its third week. Some government agencies are not impacted,
George Malina was quoted in an American Express' Open Forum article on reconciliation for small and medium-sized companies. George, CSPM, is a partner on Sikich’s
Businesses with New Jersey underreported taxes and/or unfiled tax returns may now qualify for a tax amnesty program that ends on January 15, 2019. Program Breakdown This program provides relief from state tax liabilities for tax returns
On November 20, 2018, the IRS issued proposed regulations which further clarified the taxation of past and future gifts under the new tax law. It provides guidance on how gifts will be
Have you heard talk at the coffee shop or grain elevator that the new tax law will prevent you from a tax-free exchange of your
The Internal Revenue Service (IRS) recently released Notice 2018-67 (Notice) providing guidance for tax-exempt organizations on the treatment of Unrelated Business Income Tax (UBIT).
Twenty for 20 (20-4-20) On August 8, 2018 the IRS released its much anticipated proposed regulations under new Section 199A (the new 20% deduction for pass-through entities and sole proprietors).
It was just a short three months ago when the U.S. Supreme Court in South Dakota v. Wayfair (Dkt 17-494, 6/21/2018) eliminated the long standing
Many taxpayers and tax advisors are still digesting last year’s comprehensive tax reform bill, but Congress is set to begin its next round of tax legislation. Dubbed “Tax Reform
The focus on last year’s “Tax Cut and Jobs Act” (“TCJA”) was on business tax matters. There were, however, also several significant changes impacting
To better serve business owners and plan sponsors, The U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) publish regulatory agendas that can help professionals
The recently enacted “Tax Cuts and Jobs Act” (The Act) features numerous tax provisions impacting businesses in all industries. The following is a brief overview
Proposed Standard Addresses Diversity in Accounting Practice that Exists Between the Application of the Definition of Collections On June 26, 2018, the Financial Accounting Standards
Effective for fiscal years ending June 30, 2018, GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other than Pensions, provides guidance
Download our guide on what donors and charities need to know about the 2017 Tax Reform Act and the tips they need to navigate the
Last fall, Congress and the Administration enacted significant tax reform - the Tax Cuts and Jobs Act (“TCJA”). This was the first comprehensive tax bill
The recently enacted Tax Cuts and Jobs Act (the Act) is a sweeping tax package that has transformed the way we think about taxation and
Whether or not your company has proactively addressed its state and local sales tax compliance requirements in the past, now is definitely the time to
The IRS is adding new areas of focus for employment tax examinations and tax-exempt organizations are being closely considered. The IRS Tax Exempt and Government
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