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IRS Intends to Issue Proposed Regulations Regarding the Limit for the Deduction of Business Interest

On April 2, 2018, the Internal Revenue Service ("IRS') issued Notice 2018-28 announcing its intent to issue proposed regulations addressing the

What Can Be Learned From Early Adopters of ASC 606?

Public companies were required to adopt the new revenue recognition standards by January 1, 2018, while private companies have an extra year (January 1,

What Did Auto Dealers Give Up for 100% Floorplan Interest Deductibility?

There has been a lot of praise for the National Automotive Dealer Association (“NADA”) for lobbying for the 100% deductibility of floorplan

Sonic Thump: The History and Future of Commercial Supersonic Aviation

Recent news reports have given attention to NASA’s low-boom flight demonstration (LBFD) project. Per the NASA website, the mission “has two
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IRS Clarifies Treatment of Transportation Fringe Benefits for Tax-Exempt Employers

The IRS recently released subsequent guidance on an issue we discussed in a previous Our Thoughts On article (see here). In late March, the agency updated

IRS Releases FAQs on Family Medical Leave Act Credit

The IRS recently posted to its website FAQs regarding the new Internal Revenue Code Section 45S, "Employer Credit for Paid Family and Medical Leave"

401(k) Plan Sponsors and Participants: Be Aware of Unethical Requests

In our ongoing effort to keep you apprised of important industry developments, we thought you should be aware that Wells Fargo recordkeeping is presently

How to Address a Modified Opinion in your SOC Report

In the event that a user obtains a System and Organization Controls (SOC) Report and sees that the service auditor has modified their opinion in some way,
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GDPR or Naught

Over the past few weeks, there have been multiple major news stories regarding data security, but one that affects over 85 million individuals is Facebook

Transportation Industry Shifting Gears with Blockchain

How the logistics and transportation industry is evolving with the help of shared distributed-ledger technology Blockchain, and the potential roadblocks
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