The 100% bonus depreciation tax advantage for purchasing aircraft is almost at an end.
Read More
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.
Dynamic inflationary pressures impacting today’s markets can cause unwanted transfer pricing outcomes and create meaningful tax risk.
The IRS is offering automatic penalty relief for 2019 and 2020 on certain late filing penalties
With the rise in the annual inflation rate, President Biden signed the Inflation Reduction Act of 2022 into law on August 16, 2022. This legislation provides an array of methods to combat inflation, including the expansion of the Research and Development (“R&D”) Tax Credit.
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.
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act of 2019 otherwise known as the “SECURE Act” was signed into law. This law made important changes to the requirements for retirement plan funding and distributions, as well as modifying other tax provisions including the kiddie tax rules.
As business leaders experience whiplash, there is ample opportunity for cost savings when hiring an Outsourced Accounting team.
The U S Inflation Reduction Act of 2022, passed by both the House and Senate, introduces new tax provisions including energy efficiency credits, a tax increase for corporations and more.
While inflation can negatively impact the value of your company, there are strategies that can be taken to combat its effects.
