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Thought Leadership

Proposed Changes to Estate Tax Regulations

Proposed Changes to Estate Tax Regulations

On June 28, 2022, the Internal Revenue Service (IRS) issued proposed regulations that introduce the use of present-value principles in determining the amount deductible by an estate for funeral expenses, administration expenses, and certain claims against the estate. The proposed regulations…

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Motor Fuels Tax Minute, Episode 9

Motor Fuels Tax Minute, Episode 9

Changes to the Internal Revenue Manual is the topic for this week’s Motor Fuels Tax Minute. Join our hosts for an overview of the processing times for the Form 637 registration. 

 

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Hospital Expense Statistics Illustrate Significant Labor Pressures

Hospital Expense Statistics Illustrate Significant Labor Pressures

What This Means for Fair Market Value Considerations Moving Forward

In most communities, hospital systems are still dealing with the effects of the pandemic on hospital staff and communities as a whole. According to Kaufman Hall’s August 2022 Flash Report (which reflects July data), hospital…

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Podcast: Breaking Down the Inflation Reduction Act

Podcast: Breaking Down the Inflation Reduction Act

Location Cubed

Key Points:

The Inflation Reduction Act provides new capabilities and resources for the IRS The new legislation incentivizes solar, electric vehicles and other energy-saving endeavors The 1031 loophole was not closed as part of the Inflation Reduction Act

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Podcast: Go Barefoot with Direct Examinations - SSAE 21

Podcast: Go Barefoot with Direct Examinations - SSAE 21

Key Points:

Traditional examinations require the client to know and understand the subject matter A direct examination puts more responsibility on the auditor A direct examination provides the same level of assurance as traditional examinations

 

As the market…

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IRS Provides Penalty Relief for Certain 2019 and 2020 Returns

IRS Provides Penalty Relief for Certain 2019 and 2020 Returns

The Internal Revenue Service (IRS) recently announced in Notice 2022-36 that it will forgive certain failure to file and international information return penalties for certain 2019 and 2020 tax returns that are filed on or before September 30, 2022. The IRS is also forgiving penalties for…

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New Federal Greenhouse Gas Funding Raises Profile of Green Banks

New Federal Greenhouse Gas Funding Raises Profile of Green Banks

The Inflation Reduction Act, signed into law August 16, 2022, included $27 billion to establish a Greenhouse Gas Reduction Fund.  These funds are intended to support qualified environmentally-oriented infrastructure projects of state, local, and tribal governments, as well as mission-driven,…

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Implementing the COSO Integrated Framework

Executive Resource Center

Implementing the COSO Integrated Framework

What’s Inside

Today’s business environment is highly automated and globally connected. Remote workforces are common and businesses face increasing expectations for transparency. The COSO Internal Control-Integrated Framework acknowledges these evolving risk factors, while  codifying

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