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A little-noticed provision of the Tax Cuts and Jobs Act of 2017 holds the promise of providing long-term economic growth to parts of the country where recovery from the Great Recession is still largely a rumor and provide a windfall to investors.

The much anticipated proposed regulations on investing in qualified opportunity funds were finally issued by the Treasury and IRS on Friday, October 19. The IRS also released a related revenue ruling addressing a qualified opportunity zone.

EisnerAmper's Michael Imber spoke about pros and cons of utilizing government capital assets as a means of improving funding ratios.

Licensing into the world of gambling can be lucrative. To win in this world licensors must hedge their bets by doing their homework, their due diligence, and by actively monitoring their licensees.

Royalty audit and contract compliance where a proactive compliance program can lead to successful outcomes with limited risks. With this program, a structured audit plan is in place, with staff assigned to the process. EisnerAmper is an experienced royalty audit service provider.

The valuation of professional sports franchises requires consideration of several unique factors that do not exist in most traditional business valuations.

Sky-high valuations, hefty price tags, and significant private equity investment have led to a change in the ownership landscape of professional sports teams.

New Jersey and other states are in a position to generate significant tax revenue and position itself for decades to come, but will they be smart enough to take advantage of the opportunity? Our hope is they will learn from their past mistakes.

Each All Star player computes their state tax liabilities based on 'duty days' for computing state and local taxes, and the affect these duty days have on the total state and local tax cost, we will examine Bryce Harper.

In a decision favorable to taxpayers, the Tax Court has ruled that the owners of the Boston Bruins professional hockey team may fully deduct the cost of pregame meals provided to players and personnel prior to away games as a de minimis fringe benefit.

The Bloomberg Advantage with Carol Massar and Cory Johnson featured Michael Breit, Partner in Charge EisnerAmper Sports and Entertainment practice discussing the business of sports from the U.S. Open and the venue’s new $150 million retractable roof.

Not since 1941 has there been such a seismic change to the rules governing licensing agreements between licensees, music publishers and the performing rights organizations (ASCAP and BMI) that administer performance royalty payments.

Michael Breit spoke to Bloomberg Advantage about the O'Bannon case, believing it may be headed for the Supreme Court, and the underlying theme of whether college athletes should be paid for the use of their likeness when items are sold or licensed, or paid in the form of a stipend.

Litigation Services in New York City. Providing sports leagues with audit, accounting and consulting services. Revenue recognition and accounting for revenue under multiple element arrangements. Litigation services such as a fraud/forensic investigations and damage calculation.

The 2015-2016 New York State budget changes investment capital identification requirements for taking a deduction for investment capital on your New York State corporate tax return. Investment capital means investments in stocks of non-unitary corporations that satisfy a 5 part test.

A proposed deferral is aimed at providing private companies with sufficient time to accurately work through the implementation of ASC 842, which will require most leases (and certain service agreements) to be recorded on the balance sheet.

ASC 842 has significantly changed the guidance in determining whether the lessee is the accounting owner of the asset under construction. If a company is not considered the accounting owner there is no sale or leaseback guidance.

The identification of separate performance obligations is critical, as ultimately it will determine the timing of when revenue may be measured and recognized. ASC 606 requires a promised good or service (or a bundle of goods and services) to meet two criteria to be distinct.

The new California Film and Television Tax Credit Program 2.0 brings many changes to the state’s incentive program and create a need for alterations in how productions must plan and account for their production expenditures.

New Pennsylvania program guidelines for the Pennsylvania film tax incentive. The guidelines now include expanded reporting and marketing requirements such as the placement of the PA Film Office logo on all packaging material.