Insights

More deals give rise to questions on deferred revenue accounting.

The filing deadline for 2020 individual tax returns was postponed from April 15 to May 17, 2021, but the postponement did not apply universally.

Remote work highlights the importance of an information security model called Zero Trust.

View key metrics regarding the construction industry for the month of February.

Here are some provisions of the American Rescue Plan Act of 2021 affecting restaurants.

Here’s the forecast for using research and development tax credits.

Here’s a look at what the recent stimulus law means for not-for-profit organizations.

The IRS delayed 2020 tax year individual tax filings until May 17, 2021.

Tips for evolving your cybersecurity strategy for 2021.

International Tax Update Q1 2021

Be on the look for continued scam activity regarding COVID-19.

401(K) plans required to permit long-term, part-time employees to defer.

Barry Berkowitz, MHM Shareholder in our Philadelphia office, comments on new changes to the CPA Exam.

A look at the new stimulus legislation.

Nuances revealed in an IRS FAQ may affect individuals with cryptocurrency dealings.

Here are some points to consider when applying fair value accounting in 2021.

Banks previously not subject to the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) may soon find themselves with new reporting requirements.

Shuttered Venue Operator Grants may help cultural institutions hard hit by the COVID-19 disruption.

Final rules on carried interests are more taxpayer-friendly

If your organization hasn’t considered some of these plays recently, you may want to explore the following provisions in short order.

When released as part of the Bipartisan Budget Act of 2015 (the BBA), several elements of the IRS audit rules for partnerships and LLCs were unclear, including opt out rules, methods for modifying an imputed underpayment, and allocation of imputed underpayments.

Final carried interest regulations bring significant changes to private equity and venture capital firms.

Manufacturers should be aware of the growing risks in the information security environment.

Here’s how to prepare your response to an information security incident.

Business disruption makes asset impairment an important consideration. Here are tips to know.

Here is a look at what the business interest expense regulations could mean for private equity and venture capital firms.

Here are some ways that not-for-profit organizations can tap into stimulus benefits.

A new SEC rule change may make it easier for pre-IPO and public companies to select an independent auditor.

The adoption of new revenue recognition in ASC Topic 606, Revenue from Contracts with Customers, introduced added complexity in the accounting for pre-opening services for franchisors.

View key metrics regarding the construction industry for the month of December.

Here is a look at the Biden plan for COVID-19 relief.

The following are 2021 accounting notes for public and private companies.

The Employee Retention Tax Credit (ERTC) was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, but limitations on its availability tempered interest in the relief measure.

Here are some changes to expect after the presidential inauguration.

View key metrics regarding the construction industry for the month of November

The IRS and Treasury Department recently published final regulations on the tax treatment of the sale of partnership interests held by foreign partners.

The following 8 provisions in the new stimulus law are worth a closer review.

Accounting for 2020 requires analysis of COVID-19 impact as well as accounting standard changes.

Private equity and venture capital firms should monitor how market-based sourcing affects their funds’ tax obligations.

View key metrics regarding the construction industry for the month of October

Recent IRS regulations provide additional guidance for partnerships on the business interest expense limitation.

Many private equity and venture capital (PE/VC) firms have foreign investors and may have organized fund entities in non-U.S. jurisdictions, such as the Cayman Islands.

Special purpose acquisition companies (SPAC) require unique accounting considerations.

The following are key developments not-for-profit organizations should know about charitable giving in 2020.

Recent developments bring good news for pass-through entity owners that made sizeable charitable contributions in 2020.

Initial takeaways from the election may dampen Biden’s prospects for further tax law changes.

Paycheck Protection Program recipients may want to evaluate taxability of their loans.

A 13-week cash flow can help with monitoring from COVID-19 recovery.

Even in a normal operating environment, the sales process is often a complex and daunting undertaking that has a transformative effect on a business.

View key metrics regarding the construction industry for the month of September.

CFOs and internal audit teams should be prepared for more external auditor scrutiny.

A quick comparison of the two candidates’ tax plan.

Inflation-adjusted figures for tax rates, credits, and deductions.

Here is a closer look at the earn-out in M&A.

Here’s a look at how the 2020 presidential election could affect private equity and venture capital.

Here are four elements not-for-profits should be telling their boards about COVID-19 recovery.

Many not-for-profit organizations were forced to completely shutter operations because of the COVID-19 pandemic, making them eligible candidates for the Employee Retention Credit (ERC) benefit in the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

Significant changes to partnership tax reporting are coming.

Deferrals of the employer’s share of Social Security taxes will impact 2020 tax deductions.

A look at some tax planning maneuvers to minimize the impact of the 2020 election.

Employee training on cybersecurity along with other strategies can help your organization be prepared for cyber threats.

The growing use of cloud computing technology and third party providers complicates data protection protocol.

It may be time to consider augmenting your information security team.

View key metrics regarding the construction industry for the month of August.

Here are recent Colorado state and local tax updates of which you should be aware.

Proposed rules clarify carried interests in partnerships.

Not-for-profit organizations that receive federal funds are subject to the requirements of the Uniform Grant Guidance, and the Subpart F Single Audit.

The pandemic relief law, the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an unprecedented $2 trillion in economic aid to American families, workers and small businesses affected by the Coronavirus Disease 2019 (COVID-19).

Valuation of intangible assets in technology business combinations is complex.

Here’s a closer look at changes to accounting for complex debt and equity instruments.

Here’s how forecasts affected impairment accounting.

Recent IRS guidance details employee eligibility, the repayment period, and employer responsibilities for President Trump’s employee payroll tax deferral.

View key metrics regarding the construction industry for the month of July.

Key performance indicators help manufacturers monitor business performance.

A look at how Kamala Harris’s tax plan could affect the Biden plan.

If you plan to move to a lower tax state, it may be helpful to understand how states determine residency for tax purposes.

Here’s a look at recent guidance from the SBA and other Paycheck Protection Program updates.

Here is a closer look at four executive orders issued on August 8.

Estate planning may be particularly important this fall.

COVID-19 related price changes may affect revenue recognition accounting.

Recent proposed regulations are largely unfavorable to small business taxpayers, and may disrupt tax strategies involving inventory.

Proposed stimulus legislation would offer the following benefits to not-for-profit organizations.

Here are three accounting considerations if your organization is undergoing restructuring.

Details were recently finalized about how nonprofits can access the Main Street Lending Program.

The IRS released proposed updates to clarify its carried interest rules, provisions that put restrictions on how much investment related income can qualify for a lower tax rate.

Senate Republicans released on July 27 their $1 trillion proposal for the next phase of coronavirus relief legislation.

Multinational organizations should prepare for new international tax obligations.

U.S. corporations with foreign subsidiaries may be able to claim an ordinary loss deduction under Section 165(g)(3).

Here’s a closer look at the 2020 presidential candidates’ proposed tax plans.

Distressed debt arrangements can be mutually beneficial but they come with tax consequences.

Purchasing debt from a portfolio company may trigger tax implications.

Remote work and information security risks may have more organizations being asked to produce System and Organization Controls (SOC) reports.

Here is a recap of tax updates that could affect 2019 tax filings.

Private colleges and universities face reporting changes.

Our complimentary webinar will provide an overview of some of the obstacles and best practices public company tax departments are encountering within a remote work environment.

Facing a revenue decline as a result of the COVID-19 pandemic, the state of California is taking steps to protect state income tax revenue.

A recent memo clarifies Single Audit requirements.

As part of its recent review of the CARES Act loan programs, the Federal Reserve is evaluating whether to expand its Main Street loan facilities to include not-for-profit organizations.

The IRS recently issued Notice 2020-43 (the Notice) to seek public comment on a proposed requirement for partnerships to use only certain specified methods to satisfy the tax capital reporting requirement with respect to partnership taxable years that end on or after Dec. 31, 2020.

Debt modifications may come with tax consequences. Here’s how.

With much of the economy still operating at a limited capacity, businesses are feeling the crunch and many portfolio companies are having a difficult time servicing their debt.

Recent guidance from the AICPA provides more clarity on how to account for PPP loans.

Here are some financial reporting steps to consider if your organization receives a debt raise.

Join CBIZ, MassMEDIC, and TriNet for a discussion on Cost Optimization Strategies and Tax Relief for Medical Device and Other Life Science Companies.

Not-for-profit organizations have clearer guidance on how to account for PPP loans than other types of organizations.

The pandemic opened the door for a tax opportunity under Section 165(i).

The Paycheck Protection Program Flexibility Act provides more room for loan forgiveness.

The Financial Accounting Standards Board formally delayed the effective date of the leasing and revenue recognition standards for select entities.

Accounting for the Paycheck Protection Program loans is not straightforward. The following provides a closer look.

Changes may be coming soon that would allow for greater flexibility with forgiveness for Paycheck Protection Program loans.

The risks posed to the cybersecurity environment during the COVID-19 pandemic may lead to additional questions about your information security control environment.

The following considerations may help guide your company in its evaluation of complex transactions after the COVID-19 pandemic.

While the IRS is operating at limited capacity, it may be worth evaluating your options to ensure and validate that mailed-in tax documents were received on-time.

A recent decision to delay the effective date for the revenue recognition and leasing accounting standards may bring some relief for not-for-profits, but for those approaching their June 30 financial statements, some of the changes may be coming too late.

Reporting changes were delayed a year, but partnerships should still be braced for changes coming to their Schedule K-1 reporting.

The FASB voted to move ahead with the adoption date deferral of ASC Topic 606 and the ASC 842, Leases for non-public entities.

Investment vehicles with Cayman Island reporting requirements may have additional filing requirements and some delayed due dates to consider.

Measures taken to help with COVID-19 recovery have an impact on U.S. international tax requirements.

Our complimentary presentation will provide an overview of the challenges with valuing businesses during a disrupted market and include a discussion of potential opportunities that may result from the changes in market volatility and low asset values that came about due to the pandemic.

Finance teams may want to check in how tax departments are operating, as some key functions have become more challenging as a result of the COVID-19 pandemic.

Phishing schemes seemingly related to the COVID-19 pandemic heighten information security risks for employees and organizations alike.

Recent changes resulting from the COVID-19 pandemic will have a federal and state tax impact.

Our webinar will recap hot topics, technical matters, and other current events that have a bearing on international tax planning and compliance. We will highlight emerging best practices and other tips to help you navigate through these areas.

Real estate operators have unique tax planning opportunities to consider that resulted from recent COVID-19 economic stimulus legislation.

Summer started early for university campuses across the country. Many closed their campuses well in advance of the end of the semester in efforts to protect students and faculty from the COVID-19 pandemic.

Organizations will need to factor in COVID-19 into their ASC Topic 606 analysis.

The FASB recently granted some relief for accounting for lease payment deferrals.

A game plan for capital and operating expenditures can help expedite your organization’s recovery from COVID-19 disruption.

In response to the financial damage related to the COVID-19 pandemic, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Not-for-profit organizations should look to the CARES Act for COVID-19 pandemic relief.

Public companies will need to address a number of income tax accounting implications from the CARES Act for their quarterly financial reporting.

COVID-19 stimulus legislation and other impacts from the pandemic will affect several elements of income tax accounting in 2020.

From managing the safety of the workforce to capitalizing on relief provisions, the construction sector has plenty of considerations for managing the impact of the COVID-19 pandemic.

Congress appears to be on the verge of replenishing funds for Paycheck Protect Program.

Federal tax provisions in the CARES Act affect international tax requirements as well, including GILTI, FDII, and BEAT taxes.

Widespread work-from-home arrangements are complicated, and the remote work scenario occurring during the COVID-19 pandemic may also make state and local taxes more challenging, too.

Market movements and the COVID-19 pandemic’s impact on future cash flows may produce triggering event for organizations to test their assets for impairment.

Uncertainties created by the COVID-19 pandemic may cast doubt about an organization’s ability to continue operating as a going concern, an important accounting consideration involved in financial statement preparation.

The FASB voted this morning on a proposal to further delay the effective date for the changes to lease accounting for private companies and not-for-profit organizations.

Ensuring the safety and security of data during remote work scenarios is essential. The following are some suggestions on how organizations can sure information remains secure.

The following considerations for headcount, liquidity, and other areas of your operations may help ensure your organization is responsive to the uncertainty caused by the COVID-19 pandemic.

Private equity and venture capital funds as well as their portfolio companies should carefully consider the impact of the provisions in the CARES Act, including SBA loans, tax loss limitations, and relief from business interest limitations.

New registration requirements in the Cayman Islands may affect venture capital and private equity funds.

This webinar will be a technical presentation of the research and development tax credit. Discussion regarding credit definitions set forth by code section 41 and 174, applicable court cases and regulations and current IRS audit guidelines.

The following tips may help companies respond to supply chain disruptions caused by the COVID-19 pandemic.

Establishing a 13-week cash flow can help businesses navigate the disruption caused by the COVID-19 pandemic.

The following tips may help not-for-profits manage the repercussions from the coronavirus pandemic.

In light of the COVID-19 pandemic disruptions, the SEC recently released some relief and guidance for public companies and SEC registrants.

Filing extensions and tax payment relief are coming for individuals and businesses in response to the COVID-19 virus pandemic, but the request for extensions must be made by the original April 15 tax filing deadline.

The COVID-19 virus will have an impact on your financial reporting, accounting, and disclosures. Here are some key ways you can expect your financial statements to change.

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance, topics covered will provide the up-to-date information you need to help you plan for the future.

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance, topics covered will provide the up-to-date information you need to help you plan for the future.

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment. From federal tax reform to IRS guidance, topics covered will provide the up-to-date information you need to help you plan for the future.

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

This quarterly webinar will bring you up-to-date on hot topics, technical matters and current events that affect financial reporting.

With the human cost that accompanies the COVID-19 virus, conversations around its financial impact on businesses can be difficult to have. Financial leaders need to be prepared to navigate the COVID-19 virus’ repercussions for their organization’s bottom line. Depending on the company’s sector and geographic footprint, that impact could be significant.

As the Democratic presidential candidate pool narrows, it’s a good time to check in on some of the candidates’ tax proposals. Our analysis breaks down a hypothetical example of how a taxpayer would fare under each proposed tax plan.

The effects from revenue recognition will be felt far beyond the controller’s office. It may also have an impact on M&A conversations. Here are some points that buyers and sellers should consider.

Our team recently gathered feedback from not-for-profit and higher education professionals about their approach to key risks and challenges. Their insights may be a useful guide in allocating your organization’s risk management resources this year.

Insight into how not-for-profit organizations use financial donations has long been easier to get than information on how organizations use their nonfinancial contributions, such as donated services. A proposed accounting change would require organizations to disclose more detail about their use of nonfinancial assets.

CFOs have more complex roles than ever. While we won’t take you on a magic carpet ride, we hope to share some of our observations around the evolution we are seeing with the CFO role.

Proposed regulations for U.S. partnerships with certain international activities may make 2019 tax reporting more complicated for those partnerships. The regulations explicitly state that taxpayers cannot use them until certain 2019 Forms are updated, and we are still waiting on final instructions for those forms.

Companies entering the brave new world of digital currency should be extra vigilant with their tax reporting obligations. Recent IRS compliance efforts around cryptocurrencies are proving to be more intense and far-reaching than other types of oversight.

The tax plan of former New York Mayor and 2020 Democratic presidential candidate Michael Bloomberg shares something in common with his campaign overall: it’s moderate. Compared to the tax plans referenced by the other Democratic presidential candidates, the outline of Bloomberg’s plan is most akin to former Vice President Joe Biden.

A recent accounting standards update could have a significant impact on your accounting department.

Opportunity zones provide one of the greatest tax deferral vehicles in the tax reform law commonly known as the Tax Cuts and Jobs Act (TCJA). However, the rollout of investment opportunities in qualifying funds has been hampered by confusion and uncertainty.

Complex standards and organizations’ implementation efforts related to those standards will continue to dominate the accounting conversations for not-for-profits throughout the year.

Now that both public and private companies have adopted the revenue recognition changes under ASC Topic 606, private companies will be gearing up for their next challenge: their audit.

Privacy protection regulations are not such a foreign concept any more. The California Consumer Privacy Act provides a template of what U.S. companies may expect to see in privacy regulations trends moving forward.

Public company comment letters and feedback often indicate the compliance focal points for financial reporting. Here’s a look at what could be top of mind in 2020.

A recent accounting conference highlighted some of the broader stories we can expect to affect finance departments this year, including technology trends, macroeconomic issues, and forthcoming accounting changes.

These seven steps can help finance departments close out their books on 2019 reporting.

Two major OECD proposals could have an impact on companies with transfer pricing requirements.

Service organizations may face unique challenges with the adoption of the revenue recognition standard. The following provides some insight and illustrative examples at how the ASC Topic 606 standard may apply to common service organization arrangements.

More details are emerging about 2020 presidential hopefuls’ tax plans.

An appropriations bill passed on December 20 contains a gift for not-for-profit organizations. The so-called Further Consolidated Appropriations Act, 2020 (FCAA) provides a long-awaited solution for not-for-profits that provide certain transportation and parking benefits to their employees.

To help conceptualize how the updates in ASC Topic 606, Revenue from Contracts with Customers and ASC Topic 958, Not-for-Profits, affect your organization, we have compiled some examples to showcase the guidance in application. The following may help illustrate how the new accounting principles affect common arrangements your organization may encounter.

Global political dynamics, regulatory updates, and accounting developments dominated the accounting and tax world in 2019. The following is a preview of some of the year’s biggest stories.

Relief is coming for partnership 2019 tax reporting. A recent IRS announcement delays several information reporting requirements.

Tax reform clarifications keep coming. Here’s a look at how 2019 tax reform updates could impact your business.

Here’s a snapshot of the top accounting topics that companies should be aware of going into the new year.

There’s still to make some strategic tax moves for your business that could help you save on 2019 taxes. Here are some of top ideas to consider, including strategies for recovering the cost of business property, dispositions of business property, and tax attributes and corporate tax considerations.

Threats to information security remain top of mind for many organizations today. At industry risk management conferences this fall, we asked attendees about their greatest area of risk and more than 72% of respondents said the same thing: Data and cybersecurity.

Recent technology company initial public offerings have changed the landscape for early-stage tech companies. Here’s what technology companies and investors should know about their current marketplace.

The IRS announced recently that enhanced estate and gift tax planning opportunities will not be clawed back once the provisions expire.

Both public and private companies have some major accounting updates that will affect their 2019 financial reporting. The following recaps what companies need to know to be prepared for year end, including the potential impact accounting changes could have on 2019 financial statements.

Please join us for this webcast in which we will identify and assess effective individual year-end strategies including interactions with trusts and estates, S corporations and other pass-through entities for optimal tax minimization for 2019 and beyond.

Our Eye on Washington webinars assist CEOs, CFOs, financial executives and advisors, and other interested parties in navigating the complex tax environment.

Is your organization setting the bar for overhead expenses too low? The perceived harm of overspending on non-program related ventures could be stifling innovation in your organization. Here’s a guide on how to strike the right balance between budget and modernization.

All private companies should be prepared to answer at least one question about their 2019 financial statement: How did the new revenue recognition standard affect your organization? The following provides a closer look at how to communicate the impact of ASC Topic 606.

Draft versions of 2019 partnership tax returns indicate that substantial information reporting changes are on the way. Here’s a closer look at what partnerships can expect.

The landscape has shifted for charitable giving. As individuals feel the effect of the Tax Cut and Jobs Act of 2017 on their personal tax situation, charities making requests for donations will need to respond in kind.

If M&A is part of your inorganic growth plan for 2020, you may want to be thinking ahead to the resources needed for purchase price allocations.

Whether your manufacturing or distribution company is planning to expand, add more employees or bring in new technologies, growth takes investment.

As the end of 2019 approaches, commercial real estate owners and investors are looking for strategies to increase their 2019 tax deductions and reduce income taxes.

The IRS and the Social Security Administration have released 2020 inflation-adjusted figures for more than 50 tax provisions.

Certain leasing arrangements will complicate your adoption of the new leasing standard. Here’s what lessees can do to navigate the nuances of sale and leaseback and build-to-suit arrangements.

The frequency of cyberattacks and information security incidents in today’s market makes information technology controls vital.

Now that the states have the ability to tax out-of-state vendors, they are onto their next quest to capture more sales tax revenue from online sales by shifting the burden of sales tax collection and remittance from sellers to marketplace facilitators.