Capital markets have reacted sharply to the escalation of Coronavirus since mid-February. Both equity prices and bond yields have experienced historic volatility and fallen sharply in a short period.
Learn moreThe Department of Education has created a Coronavirus webpage, which will be updated frequently and can be found here.
Learn moreRubinBrown leaders recently attended the International Builders Show in Las Vegas. Attendance this year exceeded 70,000, with much optimism being displayed by many in the industry.
Learn moreThe Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 was signed into legislation by the President on December 20, 2019 and is one of the most significant pieces of retirement legislation since the Pension Protection Act of 2006.
Learn moreThe Tax Cuts and Jobs Act modified the rules relating to the deductibility of entertainment expenses. In general, entertainment expenses are not deductible under 274(a).
Learn moreThe Tax Cuts and Jobs Act modified the rules relating to the deductibility of entertainment expenses. In general, entertainment expenses are not deductible under 274(a).
Learn morePublic Law 116-94, the Further Consolidated Appropriations Act (the Act), was signed by the President on December 20, 2019. Among the many provisions of this Act were two that have a direct impact on not-for-profit organizations.
Learn moreOn December 17, 2019, the House of Representatives passed the Taxpayer Certainty and Disaster Tax Relief Act of 2019 (H.R. 1865), with the expectation that the bill will quickly be passed in the Senate and signed into law by the President. As part of the legislation, Congress agreed to reinstate several popular tax breaks that expired at the end of 2017, in most cases through the end of 2020.
Learn moreYesterday the House of Representatives passed HR 1865, Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the Act).
Learn moreRubinBrown recently attended the Fall Leadership meeting of the National Association of Home Builders in New Orleans.
Learn moreThe IRS recently published proposed regulations that would further reduce a corporation’s already-limited ability to utilize its net operating loss (NOL), credits and interest expense carryforwards after an ownership change.
Learn moreOwn IT. Secure IT. Protect IT. October is the 16th Annual National Cyber Security Awareness Month and a great time to update your security awareness training program – or start one.
Learn moreOn June 5, 2019, Illinois Governor J.B. Pritzker signed legislation enacting a tax amnesty program scheduled to run from October 1, 2019 through November 15, 2019.
Learn moreFor companies with average revenues over $25 million in the three previous years, the Tax Cuts and Jobs Act (TCJA) had a major impact on the deductibility of business interest expense. Prior to 2018, businesses were allowed to deduct 100% of all interest expense that was incurred.
Learn moreIt has been a little over a year since the Supreme Court overruled the Professional and Amateur Sports Protection Act (PASPA) in May 2018, permitting states across the U.S. to pass regulations that will allow them to offer sports betting.
Learn moreOn Thursday June 19th, the Governmental Accounting Standards Board (GASB) issued its Implementation Guide on Fiduciary Activities (guide).
Learn moreOn July 1, 2019, the Office of Management and Budget (OMB) announced the release of the 2019 OMB Compliance Supplement. The supplement contains the policies and procedures required to be followed by federal, state and local entities in regards to expending federal funding and the procedures required to be performed by auditors when conducting the single audit over these federal programs.
Learn moreOn July 11, 2019, Governor Parson signed Senate Bill 87, which extends the statute of limitations for sales and use tax refunds.
Learn moreThe FASB has voted to propose a deferral of the effective dates for several of its recent standards that would provide at least an additional year to companies that have not yet adopted the standards.
Learn moreThanks to the Nevada Legislature, companies with less than $4 million of Nevada gross revenue have less to do this summer. In the past, all companies conducting business in Nevada were required to file Commerce Tax returns regardless of revenue.
Learn more