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Written by: Jeff Ritchie, CPA Read more
The president signed into law a sweeping reconciliation tax bill in a July 4 signing ceremony, capping a furious sprint to finish the legislation before the self-imposed holiday deadline. The Senate approved the bill in a 51-50 vote on July 1 after making a number of last-minute changes following…
These FAQs provide insights and answers about the program, offering an overview of its features and explaining how businesses can benefit from participation.
Senate Republicans are advancing their version of a sweeping reconciliation tax bill, introducing significant changes to the House-passed proposal as they aim for a July 4 passage. The Senate draft would permanently restore 100% bonus depreciation and research expensing, modify key international tax…
Vulnerabilities can exist within corporate governance and vendor management processes, even within organizations that have demonstrated a commitment to ethical business practices. Scandals involving inappropriate business relationships between executives and vendors underscore the critical need…
In the wake of the Office of Management and Budget's (OMB) recent directive to temporarily halt federal financial assistance, federal agencies are now under a tight deadline to conduct a detailed analysis of their programs. This requirement, stemming from the now rescinded Memorandum M-25-13, aligns…
The House Ways and Means Committee approved a sweeping tax bill on May 14 with proposed changes that would significantly impact tax-exempt organizations. A summary of the key proposed changes follows.
In a major step forward in the reconciliation process, House Republicans passed a broad tax package that includes significant individual and business tax changes, including permanent extensions of key Tax Cuts and Jobs Act (TCJA) provisions, expanded deductions, and rollbacks of energy tax credits.…
With the budget resolution completed, Republicans are working quickly behind the scenes to try to assemble a sweeping tax package in time to meet an aggressive timeline set by congressional leadership.