CERTIFIED PUBLIC ACCOUNTANTS
CERTIFIED PUBLIC ACCOUNTANTS
CERTIFIED PUBLIC ACCOUNTANTS

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POTENTIAL TAX BENEFITS OF CAPITAL INVESTMENTS FOR AUTO DEALERSHIPS

Auto dealers are navigating unprecedented market conditions, and most are experiencing an improved bottom line and healthier cash flow. Many dealers delayed making major capital improvements or significant purchases of personal property during the pandemic due to the volatile circumstances and concerns around potential shutdowns. Now that we’ve entered what many consider the post-pandemic era,

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PROTECTING BRAND REPUTATION: KNOW YOUR SUPPLIERS

Knowing your suppliers is becoming an increasingly important aspect of protecting a company’s brand reputation from risks lurking far beyond the ethical business conduct of its employees.  As companies face greater scrutiny and higher market expectations around taking responsibility for the actions of the suppliers a company chooses to do business with, they also face

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HOW TO GET STUFF DONE

Businesses face disruption on multiple fronts, and they are struggling to get things done. Company leaders must contend with and the challenges of managing a remote workforce, as well as supply chain disruptions, demand shifts, resource constraints and more, all while devising critical plans for the road ahead. Combined with uncertainty about how long the pandemic

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NIL (NAME, IMAGE, LIKENESS): INCOME TAX CONSIDERATIONS FOR STUDENT-ATHLETES

Student-athletes can now enter into name, image and likeness (NIL) contracts for compensation. NIL contracts have major federal and state tax implications, including income tax responsibilities, state nexus and reporting obligations. How should athletes and their advisors navigate compensation issues related to NIL contracts so that there are no tax surprises? We share valuable insight

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OPTIMIZING AND EMBRACING BEST PRACTICES FOR FINANCE & ACCOUNTING

As market fluctuations and rising interest rates put added stress on internal finance departments, it is wise for organizations to step back and reassess their finance and accounting (F&A) processes and systems. These assessments can help determine whether F&A workflows are enabling timely outputs for reporting, budget forecasting, internal processes like payroll, and other important tasks. Among the many

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INSOURCING, OUTSOURCING, AND CO-SOURCING: WHICH IS RIGHT FOR YOU?

Conventional wisdom often holds that it is most efficient to keep all roles in house, but this is not always the case. If an organization keeps hitting the same internal roadblocks or is looking for a new way to optimize processes, an alternative solution like outsourcing or co-sourcing could prove more efficient. Alternatives to insourcing free up

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IMPACTS OF THE FINAL FOREIGN TAX CREDIT REGULATIONS: CREDIT DISALLOWANCE AND TIMING RULES

The 2021 final foreign tax credit (FTC) regulations make significant changes to the FTC rules for U.S. multinationals. In addition to a variety of other modifications, the final regulations overhaul the 2020 proposed regulations regarding the Section 245A dividends received deduction (DRD) to deny a credit or deduction for certain foreign income taxes paid or

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PROPOSED INFLATION REDUCTION ACT WOULD IMPOSE CORPORATE MINIMUM TAX, CARRIED INTEREST CHANGES

In what many see as an unexpected development, Senator Joe Manchin (D-W.VA.) on July 27 announced that he had reached an agreement with Senate Majority Leader Chuck Schumer (D-NY) on new legislation – the Inflation Reduction Act of 2022 – which is intended to address inflation by paying down the national debt, lower consumer energy

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