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Market Momentum: Life Sciences IPOs Dominated 2014 (and Will Probably Keep It Up)
Second only to companies in the communications sector, life sciences IPOs dominated the US markets in 2014. We look at how companies in the sector performed, what contributed to their success, and how we can expect 2015 to play out. Read more in this Insight.
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Alert
April 30 Marks Last Chance to Screen for Work Opportunity Tax Credits for 2014 Hires
Employers that didn’t screen 2014 new hires for Work Opportunity Tax Credit eligibility within 28 days of their start date are in luck: New IRS guidance allows employers to retroactively screen hires and apply for the credit by submitting the qualified forms by April 30.
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Article
Life Insurance: The Tax Fundamentals
Generally life insurance benefits at death are not subject to income tax except in a few key circumstances. We look at some of these situations and other ways in which your life insurance could impact your tax liability.
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Article
Reduce Overhead by Managing Your Business’s Utility Bills
Like most people, businesses often take their utility services for granted, meaning we rarely consider there’s an alternative to paying the rates that show up on our bills. But your business does have options and may be able to more effectively manage its service costs. Learn more in this Insight.
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Article
Ready, Set, Grow: Using Capital to Invest in Your Company’s Growth
Companies looking to grow have many capital strategies available—from increasing working capital via lending to pursuing a private equity transaction or acquisition. We look at how these options work and where they fit into each stage of a company’s life cycle in this Insight.
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Article
Employer-Provided Housing: What’s Taxable and What’s Not?
If your not-for-profit provides housing to its employees, you’ll need to understand whether it constitutes additional compensation—because if it does, you’ll need to consider how the benefit affects your reasonable compensation determination. We look at the tax code in this Insight.
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Article
IRS Updates Safe Harbor Conditions for Management Contracts When Using Tax-Exempt Bonds
Management contracts for services get updated guidance on safe harbor conditions with Revenue Procedure 2016-44. Read the article.
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Alert
IRS Proposes Regulations to Limit Valuation Discounts for Estate and Gift Tax Purposes
The IRS released proposed regulations that would significantly strengthen its goal of reducing valuation discounts for transfers of minority interests in closely held businesses among family members.
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Article
Colleges and Universities Have Through Year-End to Bring Student Health Plans into Compliance
Colleges and universities have until year-end 2016 to bring health plans for students who are also employees into compliance with the Affordable Care Act. This Insight covers the details.
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Alert
Are You Prepared for Oregon’s Move to Market Sourcing?
A new Oregon law requires taxpayers to use a market-based apportionment methodology for receipts from sales other than tangible personal property.
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Article
How Foundations Can Stay Compliant with Their Compensation Practices
Compensation arrangements have been a focus of IRS scrutiny. We offer some steps for foundations to maintain compliance.
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Alert
The FASB Amends Certain Topics to Incorporate SEC Staff Announcements
The FASB amends certain SEC paragraphs to incorporate SEC staff announcements. These amendments are effective immediately.
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Article
Apply Early for the Main Street Tax Credit Program’s Limited Funds in Washington State
The Main Street Tax Credit Program provides B&O or public utility tax credits for contributions to organizations in Washington State.
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Alert
Department of the Interior Issues Tribal Contract Support Costs Policy
The US Department of Interior’s final revised policy for determining tribes’ contract support costs may mean reimbursement opportunities.
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Alert
City of Seattle Imposes Employee Hours Tax
On June 12, 2018, the Seattle City Council repealed the recently passed employee hours tax in a seven-to-two vote.
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Alert
OMB Releases 2018 Compliance Supplement
The Office of Management and Budget released its 2018 Compliance Supplement on May 18. Our Alert highlights some of the key changes.
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Alert
May 31 Deadline for Washington’s Required Annual Tax Incentive Surveys and Reports
Taxpayers that claimed a Washington tax incentive in 2017 must file the corresponding survey or report by May 31. Our Alert has details.
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Article
New Revenue Recognition Standard Creates Additional Disclosure Requirements for Hospitals
Learn how the new revenue-recognition guidance puts an additional burden on hospitals in the form of disclosure requirements.
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Article
Understanding the Accounting Implications of the New Revenue Recognition Standard for Brokers and Dealers in Securities
Learn about the potential accounting implications for brokers and dealers in securities with the new standard.
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Alert
Bonus Depreciation Opportunity for Qualifying Improvement Property Placed in Service Before December 31, 2017
The law on qualifying improvement property has changed, but taxpayers may still be able to use bonus depreciation in some cases.
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