BT Team

Every five years, the BEA conducts its Benchmark Survey of Foreign Direct Investments within the U.S., otherwise known as the BE-12 Report. The upcoming BE-12 report is due May 31, 2023 (or June 30, 2023 for e-file). Learn more.

The Inflation Reduction Act of 2022 (IRA), signed into law last August, included a wide variety of tax incentives for clean energy. Learn more.

In the Southeast Middle-Market M&A Newsletter for Q4 2022, Bennett Thrasher’s Transaction Advisory Services leaders provide data and highlights for Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee) middle-market (total transaction value < $USD 500mm) M&A transactions, including volume, value and enterprise value multiples.

The 100% bonus depreciation tax advantage for purchasing aircraft is almost at an end.

In the Southeast Middle-Market M&A Newsletter for Q3 2022, Bennett Thrasher’s Transaction Advisory Services leaders provide data and highlights for Southeast (Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, South Carolina and Tennessee) middle-market (total transaction value < $USD 500mm) M&A transactions, including volume, value and enterprise value multiples.

In October 2021, the Financial Accounting Standards Board released Accounting Standards Update (ASU) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers, which clarifies how to properly account for deferred revenue in a business combination. This change was a long time coming after opposing views began to debate the proper treatment of deferred revenue after ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (also, ASC 606) went into effect.

Taxpayers with foreign income have additional IRS forms they must complete each tax season to avoid penalties.