Focus on Transportation & Dealerships: Business Interest Limitations and the Transportation Industry

For 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.

Focus on Gaming: One Year Since the Overruled Professional and Amateur Sports Protection Act

It 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.

RubinBrown’s Stephanie Drew Honored with Colorado Society of CPAs Women to Watch Award

Focus on Public Sector: GASB 84 Update

On Thursday June 19th, the Governmental Accounting Standards Board (GASB) issued its Implementation Guide on Fiduciary Activities (guide).

Focus on Public Sector: 2019 OMB Compliance Supplement Update

On 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.

Focus on State & Local Taxation: Missouri Extends Statute of Limitations on Sales and Use Tax Refund

On July 11, 2019, Governor Parson signed Senate Bill 87, which extends the statute of limitations for sales and use tax refunds.

Focus on Assurance: FASB Votes To Propose Delay In Effective Dates Of Four ASUs For Certain Entities

The 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.

Focus on Taxation: Changes to the Nevada Commerce Tax Return Filing Requirements

Thanks 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.

Focus on Taxation: Missouri Will Not Limit Business Interest Expense

As part of the Tax Cuts and Jobs Act, for tax years beginning on or after January 1, 2018, the amount of business interest that is deductible for federal income tax purposes may be limited.

Focus on Not-For-Profits: Final Regulations Issued June 13, 2019 Affect Charitable Contribution Dedu

On June 13, 2019, final IRS Treasury Regulations were issued that impact and directly relate to several of the provisions enacted in the Tax Cuts and Jobs Act (December 2017).

Focus on Construction: Update on Home Builders - News from Washington, D.C.

RubinBrown recently attended the mid-year board meeting of the National Association of Home Builders in Washington, D.C.

Focus on Gaming: The Intersection of Online Gaming, Cyber Security, and State Gambling Laws

Cybersecurity has to be embedded into the compliance fabric of online gambling operators and decision-makers. Security is not something bolted on after a new online application is created; it has to be integrated using security by design.

RubinBrown Announces 2019 Firm-Wide Leadership Promotions

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently announced several significant leadership promotions.

RubinBrown Announces 2019 Partner Promotions in St. Louis Office

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently promoted Mark Breakfield CPA, CGMA, to Partner in the Wealth Advisory Services Group. Christine Figge CPA, CGMA, was named Partner in the Consulting Services Group. Tim Kennedy, CPA, and Chris Tkach, CPA, CGMA were named Partners in the Assurance Services Group. Dominic Pisoni, CPA, was named Partner in the Entrepreneurial Services Group.

RubinBrown Announces 2019 Leadership Promotions in Kansas City

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently promoted Megan Knoblauch, CPA, to Partner-In-Charge of Assurance Services in Kansas City and Zach Fritz, CPA, to Partner in the Tax Services Group.

Larry Piparo Named Partner in RubinBrown’s Las Vegas Office

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently promoted Larry Piparo, CPA, to Partner in the Tax Services Group in the Las Vegas office, effective June 1, 2019.

RubinBrown Combines with Bradshaw Smith: Bolstering Services to Gaming Industry

RubinBrown LLP, the nation’s 42nd largest accounting and business consulting firm, is joining with the team members of Las Vegas-based Bradshaw Smith & Co. effective June 1, 2019. The addition of the Bradshaw Smith team members will allow RubinBrown to grow to become the second largest accounting firm in Las Vegas, as well as augment its flourishing gaming practice. John F. Herber, Jr., CPA, CGMA, chairman, RubinBrown, and Douglas S. Winters, CPA, managing partner, Bradshaw Smith jointly made the announcement.

Focus on Cyber Security: Human Firewall or the Weakest Link - Preparing Your People

Email phishing attacks are sent to us at work, home, and anywhere else we have email. Most of us use email filters to check these emails and cut down the number of bad messages we receive, but sometimes these filters can be bypassed. Avanan’s Global Phish Report analyzed more than 55 million emails and found that 1 out of every 100 contained a phishing attack.

Focus on State & Local Taxation: Time-Sensitive Review of Property Tax Notices

It’s that time of year when many businesses will be receiving a notice of value in the mail containing a reassessed value of their property. This could potentially mean an increase in property tax liabilities and significantly impact a business’s operating expenses and bottom line.

Focus on Taxation & Real Estate: Tax Savings Related To Opportunity Zones

In summary, the article details that the newly created qualified opportunity zones offer an intriguing tax planning option for investors and a potential boon for distressed communities.