You could be eligible to accelerate depreciation, or capture missed depreciation from a prior year. CSH’s cost segregation expert, Brendan Walsh, discusses cost segregation in more depth in this recent article.
New IRS regulations limit the number of currently available vehicle models that qualify due to strict sourcing requirements that apply to CV buyers who take delivery of, on or after April 18, 2023. CSH tax expert, Zach Dech, explains more about the qualifying criteria in this recent article.
Our CSH state and local tax experts have identified the top 8 mistakes companies make when dealing with sales tax collection, documentation, remittance, and filing. Not understanding the implications of online sales and changing state tax nexus can be costly and lead to harmful penalties.
The Supreme Court held that the Bank Secrecy Act’s $10,000 maximum penalty for the non-willful failure to file a Report of Foreign Bank and Financial Accounts (FBAR) accrues on a per-report basis, and not a per-account basis. Hear more about the key considerations in this high court ruling from CSH international tax expert, Lisa Wineland.
Many of Biden’s proposed tax provisions may be familiar and are recycled from prior budgets, but some are new, like the proposed tax hikes for Medicare funding. See our overview of all proposed tax changes and their impacts on taxpayers of various income levels.
The implementation deadline for the credit loss rules, combined with the possibility of a recession, is expected to lead to a surge in credit losses among smaller financial institutions in 2023. In turn, a buildup of credit loss reserves is likely to impair earnings. Hear more from CSH experts, Eric Hanson and David Klopfer.
IRS Commissioner, Doug O'Donnell, said in a recent interview about ERC, "Anyone who is considering claiming this credit needs to carefully review the guidelines. If the tax professional they’re using raises questions about the accuracy of the Employee Retention Credit claim, people should listen to their advice. The IRS is actively auditing and conducting criminal investigations related to these false claims. People need to think twice before claiming this."
Clark Schaefer Executive Search (CSES) is a leading executive search firm specializing in C-suite executive placements in a variety of industries. CSES plays a crucial role in helping organizations find and hire top-level talent for key leadership positions for long-term success. Through its expertise in executive search and assessment, CSES has a strong reputation for identifying and recruiting top candidates who possess the skills, experience, and leadership qualities needed to drive business success.
Following a recent board meeting, the Financial Accounting Standards Board (FASB) leaders unanimously agreed to affirm their decision on an issue involving common control leasing arrangements as part of the ASC 842 lease accounting standard. Read more in this article by CSH lease accounting expert, David Coomer.
With inflation up significantly this year, many COLA amounts increased considerably over 2022 amounts. Learn more in our comprehensive article.
