Articles

Articles January 15, 2020 Pass-Through Business Alternative Income Tax Act

A discussion of NJ SB3246, the “Pass-Through Business Alternative Income Tax Act, enacting some type of entity-level tax on pass-through entities (“PTEs”) in an effort to work around the $10,000 federal cap on individuals’ itemized deductions for sta…

Articles January 10, 2020 Accounting: Presentation of an Operating Measure in the Statement of Activities

Why should nonprofits consider using an operating measure.

Articles January 09, 2020 Cayman Islands Enacts Legislative Changes to Enhance the Oversight of Investment Funds

A discussion of two bills introduced to enhance regulation for all Cayman-domiciled hedge funds and also impact private equity funds for the first time.

Articles January 08, 2020 Phase-In of Dividend Equivalent Payment Regulations Extended Again

IRS and Treasury Department announced a further delay to the effective/applicability date for dividend equivalent regulations under IRC Sec. 871(m).

Articles January 07, 2020 The SECURE Act – Substantial Changes for Retirement Plans and IRAs

The Setting Every Community Up for Retirement Enhancement Act of 2019 (“SECURE” or the “Act”) was recently signed into law and makes substantial changes to both qualified retirement plans and IRAs in operation and includes substantial increases in pe…

Articles January 07, 2020 Tax Court Again Denies Cannabis Industry Deductions

An October 2019 Tax Court decision, Northern California Small Business Assistants Inc., has denied cannabis companies the ability to take IRC Section 280E deductions, which has dramatically increased the industry’s effective tax rate.

Articles December 19, 2019 Tsafos Talks Market Caution, Opportunities on Bloomberg’s Daybreak Asia

Nicholas Tsafos covered a wide range of topics including one main concern by clients, geopolitics. The worry is that protectionism and trade wars will not only restrict the free flow of capital, but this could spur rising interest rates and higher co…

Articles December 16, 2019 Rediscovering the Value of Cost Segregation Studies After Tax Reform

The impact of tax reform on the real estate sector that includes bonus depreciation, acquisitions, new construction, business interest expense limitations, Section 179 expensing, cost segregation, tax strategies and more.

Articles December 12, 2019 IRS Delays Effective Date of Draft Schedule K-1 Provisions

A discussion of the IRS and Dept of Treasury’s recently released IRS Notice 2019-66, issued in response to comments received related to the draft Schedule K-1.