Insights
The power of our industry experience is in the perspective we bring to help you leverage your capabilities and resources.
Insights
Explore our most recent resources and thought leadership.
A Review of the Proposed Federal Contractor Greenhouse Gas (GHG) and Climate Risk Disclosure Requirements
January 12, 2023To further champion corporate transparency, the federal government has now proposed a series of disclosure requirements that will formalize reporting processes for both Securities and Exchange Commission (SEC) registered companies and federal contractors.
Spotlight on BDO’s Services: Investment Policy Statements for Endowments and Foundations
January 12, 2023In this article, we explore how a thoughtfully designed investment policy statement (IPS) serves as the foundation for an E&F’s investment program.
The BDO GovCon Week Ahead - January 2023
January 12, 2023Check out the latest issue of The BDO GovCon Week Ahead.
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An Intergenerational Approach to Wealth Planning
January 12, 2023In recent years, an intergenerational approach to estate planning has become more popular as wealth transfers have grown both in scale and complexity.
Events & Webcasts
ERISA Roundup - Q4 2022
January 12, 2023In this issue of our ERISA Roundup, we outline the implications of the White House’s framework for the responsible development of digital assets in a 7 -part series and continue our look at DOL’s cybersecurity guidance in our 2-part episode of BDO Talks ERISA. We released the requirements calendar and COLA for 2023, reviewed results of our recent LinkedIn polls, examined the benefits of Roth 401(k) and heard from BDO Wealth Advisory leaders on inflation.
New Jersey Removes Requirement to Affirmatively Make Separate State S Corporation Election; Provides Opt-Out
January 12, 2023New Jersey enacted a new tax law (A.B. 4295) on December 22, 2022, that accomplishes three things: (1) eliminates the requirement to affirmatively elect New Jersey S corporation status, while including an opt-out provision; (2) adopts the federal centralized partnership audit regime, with certain modifications; and (3) ends certain COVID-related extensions.
Putting the Business Cycle and Recessions In Context
January 12, 2023Concerns about economic growth are topping the headlines in early 2023 as the U.S. Federal Reserve continues to raise interest rates, the housing market slows, business financing dries up, and the stock market remains volatile.
Plan Sponsor Alert: Reinforcing U.S. Leadership and Competitiveness in Digital Assets
January 11, 2023As investor interest continues to grow, retirement plan sponsors should pay close attention to developments in the digital assets industry, as plan sponsors may soon need to decide whether to add digital assets to their plan’s lineup.
Nonprofit Standard
Texas Increasing Unclaimed Property Compliance Efforts Through Outreach
January 10, 2023Texas Unclaimed Property, a Division of the Texas Comptroller of Public Accounts (Texas Comptroller), is increasing compliance efforts through outreach.
Selections
Brazil’s Proposed Transfer Pricing Legislation Has U.S. Foreign Tax Credit Implications
January 10, 2023The Brazilian government on December 29, 2022, published draft legislation to align Brazil’s transfer pricing rules with the Organization for Economic Cooperation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations. This potential change in Brazilian transfer pricing policies could have significant consequences from a U.S. transfer pricing and international tax perspective.
Financial Reporting Considerations: Inflation and Rising Interest Rates
January 10, 2023As companies prepare for year-end financial reporting, it’s important to consider the implications of inflation and rising interest rates, which can affect financial reporting in many ways.
IRS, Treasury Release Corporate AMT Interim Guidance
January 10, 2023The Inflation Reduction Act (IRA) enacted on August 16, 2022, created a new corporate alternative minimum tax (AMT) for taxable years beginning after December 31, 2022. On December 27, 2022, the Treasury Department and the Internal Revenue Service issued interim guidance in the form of Notice 2023-7, addressing how the new corporate AMT applies to partnership interests, consolidated return groups and other significant events that affect corporations, including merger and acquisition activities and excepted cancellation of debt income.
IRS, Treasury Issue Interim Guidance on Stock Repurchase Excise Tax
January 10, 2023The Inflation Reduction Act (IRA) enacted on August 16, 2022, created a new corporate excise tax on stock repurchases for taxable years beginning after December 31, 2022. On December 27, 2022, the Treasury Department and the Internal Revenue Service issued interim guidance -- Notice 2023-2 -- on the corporate excise tax. The notice addresses time-sensitive issues with the expectation that forthcoming proposed regulations will provide clarity on the statutory provision
Just Ask Why: The Key to Successful Audit Remediation
January 10, 2023What do you do when you receive an audit report identifying deficiencies and weaknesses in your agency’s operations or reporting?
Supply Chain Disruption Isn't Going Anywhere
January 9, 2023Supply chain disruption isn’t going anywhere. Operational leaders need to evolve their supply chain management strategies to succeed.
Secure 2.0 Act of 2022 Introduces Key Changes for Workplace Retirement Plans
January 9, 2023The Consolidated Appropriations Act, 2023 (Public Law No. 117-328) that was signed into law on December 29, 2022 by President Joe Biden includes the SECURE 2.0 Act of 2022, which introduces over 90 changes to the federal rules governing workplace retirement plans.
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