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Tax Reform 2.0 and a New Culture Envisioned for Future Tax Reform

It has only been six months since the enactment of the Tax Cuts and Jobs Act

GSA Incorporates Final CSA Rule Across All Schedules

The General Services Administration (GSA) recently began the solicitation refresh process to incorporate the final Commercial

FASB Issues Proposed Standard on Collections

The Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update, Updating the Definition of

New Jersey’s Budget Agreement Brings Sweeping Changes to Corporate Business Taxes

On July 1, 2018, New Jersey Governor Phil Murphy and the state’s legislature reached a budget

Sneak Preview of 2018 1040 “Postcard”

A draft version of the 2018 Form 1040 and related schedules were recently released by Thompson

FASB Issues New Standard on Contributions

The Financial Accounting Standards Board issued Accounting Standards Update No. 2018-08, Clarifying the Scope and the

Supreme Court Eliminates “Judicially Created Tax Shelter”

On June 21, the U.S. Supreme Court issued its long-awaited decision in South Dakota vs. Wayfair

Board Volunteer and the Trust Fund Recovery Penalty

The IRS was denied summary judgment to impose the trust fund recovery penalty against a volunteer

Buildout Improvements May Be Ineligible for Bonus Depreciation Under New Tax Law

Historically when business owners in the restaurant, hotel, or food distribution industries conduct a major buildout

Small Business Milestone: Federal Government Awards More Than $100B in Contracts to Small Businesses in 2017

The Small Business Administration (SBA) announced in May 2018 that federal agencies exceeded their mandatory goal