The Payment Card Industry (PCI) Security Standards Council (SSC) introduced an updated compliance framework to support the payment card industry with the rollout of PCI DSS version 4.0 on March 31, 2022.
Read moreThe FASB has issued ASU 2023-01 (Topic 842): Common Control Arrangements. This ASU is an outcome of concerns expressed by private company stakeholders about the application of ASC 842 for common control arrangements identified during the FASB’s post-implementation review process.
Read moreIs your Customer Relationship Management (CRM) strategy and support tool helping you stay connected with your customers?
Read moreSeveral states provided individuals with special payments in 2022, leaving uncertainty as to how they would be treated for federal tax purposes. In response, the IRS initially advised taxpayers in those states to wait for clarification before filing returns as they worked to better understand these programs.
Read moreEffective January 1, 2022, the Affordable Housing Special Assessment Program in Cook County, Illinois offers up to a 35% annual assessment reduction for affordable housing projects that qualify.
Read MoreFinal instructions for 2022 Schedules K-2 and K-3 were recently released, providing a new domestic filing exception for those who qualify. These additional schedules first appeared in 2021 and are used to report items of international tax relevance from passthrough entity operations.
Read morePassword managers are great tools for using unique passwords for each web site, securing confidential information, and securely sharing information.
Read moreTaxpayers with research expenses may be negatively impacted by a delayed change stemming from the 2017 Tax Cuts and Jobs Act (TCJA). Understanding the implications of this change is essential for those with such expenses in tax years beginning after December 31, 2021.
Read moreA long-awaited follow up to the 2019 SECURE Act was included as part of the year-end congressional spending bill enacted on December 29, 2022. The SECURE 2.0 Act of 2022 (“SECURE 2.0”) contains numerous retirement-related provisions that will impact savers, retirees, and employers. Below are a few highlights to note.
Read moreAs the year winds down, many companies are looking to establish or refresh strategic initiatives centered on improving operations in the new year. Many of these initiatives include redesigning or reengineering processes. Successful implementation of process redesigns and improvements can increase efficiencies, reduce costs, and drive operational performance.
Read moreIf you've turned on the news at all lately you’ve most likely heard Bitcoin, FTX, and other cryptocurrencies being talked about. What you’ve probably heard less about is the technology powering it, called blockchain.
Read moreThe FASB has issued an Exposure Draft, Leases (Topic 842): Common Control Arrangements. This Exposure Draft is an outcome of concerns expressed by private company stakeholders about the application of ASC 842 for common control arrangements identified during the FASB’s post-implementation review process.
Read moreRansomware attacks have dramatically increased over the last several years and the attackers are recruiting new members. Renting the ransomware infrastructure for a cut of the ransom money is now very common, allowing many low-tech criminal organizations to join in performing the ransomware attacks.
Read moreOn October 7, 2022, the IRS released the long-awaited final regulations on the use of income averaging as a minimum set aside option for low-income housing projects.
Read moreRansomware attacks have dramatically increased over the last several years and the threat is continuing to evolve. Researchers now refer to ransomware by the actions it takes: Lock, Encrypt, Delete, Steal, or LEDS.
Read moreThe Missouri qualified research expense tax credit was recently revived and will be available from January 1, 2023 through December 31, 2028. This is great news for innovative businesses with qualified research activities in Missouri, as this type of credit had not been available since 2004.
Learn moreRansomware attacks have dramatically increased over the last several years and are aggressively targeting all industries. Based on recent study performed by an international government security agency, the United States and Europe have the most targeted attacks, but attacks are occurring all around the world.
Learn moreRansomware attacks have dramatically increased over the last several years. Unfortunately, they are evolving from a simple ransom, to ransom plus threat of disclosure, and using captured information to commit additional fraud.
Learn moreThe modern corporate landscape is a digital one; business floats on a sea of electronic information that allows for rapid communication and the storage of information on a scale that was incomprehensible just a few years ago.
Learn moreCredit card compliance is required for any organization accepting credit card payments. As the Payment Card Industry (PCI) Security Standards Council (SSC) rolls out PCI Data Security Standard (PCI DSS) v4.0, it is a good time for organizations to review their credit card processes and ensure they will continue to meet the requirements.
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