August 2021

lease accounting deadline
New Leasing Standard Deadline for Private Companies, Nonprofits Approaching

The new leasing standard for private companies and private nonprofits will be effective for fiscal…

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amended section 174
New Capitalization Requirements for R&E Expenditures

For tax years beginning after 2021, however, all U.S.-based and non-U.S.-based R&E expenditures must be…

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young professional wealth management
How Young Professionals Can Get Started with Wealth Management

From budgeting and setting goals to increasing financial literacy and seizing early planning opportunities, following…

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SPACs Tax Treatment Startup Expenses
Tax Treatment of Transaction Costs and Startup Expenses for SPACs

Creating a SPAC is not without expense. Some expenses are incurred pre-IPO, some will be…

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infrastructure package
Senate Approves Infrastructure Bill & Advances Budget Reconciliation Process

The Senate voted to advance a roughly $1 trillion infrastructure package consisting of "Infrastructure One"…

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investment management mistakes
Five Common Investment Management Mistakes to Avoid

There’s no such thing as an expert investor, and with more and more individuals trying…

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IRS ERC Guidance
IRS Issues Additional Guidance on the Employee Retention Credit

On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for…

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Cryptocurrency Reporting Requirements Update
New Reporting Requirements for Crypto Transactions Included in Senate Infrastructure Bill

The Senate's proposed infrastructure bill would require cryptocurrency exchanges (or brokers) to report transactions to…

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time for Roth IRA conversion
Is It Time to Convert to a Roth IRA?

In this article, our Wealth Management team breaks down the unique differences between traditional IRAs…

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SPAC Whitepaper
SPACs: Business, Accounting & Tax Considerations

In this whitepaper, we’ll examine the SPAC trend and its advantages as well as relevant…

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