Archive for January 2016
Escaping the Built-In Gains Tax
Are you considering converting your C corporation to an S corporation? If so, being aware of the built-in gains tax that may be assessed to your corporation is essential. With the proper planning, such as timing the sale of the built-in gain assets, you can escape paying the dreaded built-in gains tax. What is built-in…
Read MoreHA&W’s ComplianceSuccess Program Partners with Conestoga Title Insurance Company as a Trusted Partner for ALTA Best Practices Compliance Testing and Reporting
HA&W’s ComplianceSuccess Program offers Conestoga Title Insurance Company agents comprehensive testing and reporting across all seven ALTA Best Practices pillars January 20, 2016- HA&W, LLP announced today that, through its ComplianceSuccess Program, the firm has been named a trusted partner by Conestoga Title Insurance Company (Conestoga) offering cost-effective ALTA Best Practices benchmarking, testing and reporting…
Read MoreBusiness Email Compromise: What It Looks Like and How to Avoid It
By Robert Casey, partner Most people immediately recognize a scam when they get an email from a prince with promises to pay them a hefty sum of money for assistance in transferring money to the U.S. But what if you were the controller at a corporation and your CFO or CEO requested, via email, that…
Read MoreNew “Consistent Basis” Rule for Estate Assets
What Taxpayers Need to Know About the New “Consistent Basis” Rule for Estate Assets With recent legislation, there is a new tax basis filing requirement in certain estate asset situations. So, how do you know if this new requirement applies to your situation? Check out our recent Q&A with Aprio Tax Team member Richard Lee…
Read MoreState & Local Tax (SALT) Newsletter January 2016
https://www.aprio.com/media/newsletters/SALTnews-1-16.html
Read MoreAtlanta Tech Village: R&D Tax Credit for Startups
R&D Tax Credit for Startups
Read MoreIgnoring Affirmative Action Plan Requirements Can Land You in Court
The Department of Labor’s (DOL) Office of Federal Contract Compliance Programs (OFCCP) filed a lawsuit against federal contractor, Convergys Customer Management Group, Inc., requiring the company to comply with compliance reviews and provide documents containing affirmative action plans for their facilities located in Florida, North Carolina, Georgia, and Tennessee. Convergys, based in Cincinnati, is a…
Read MorePATH Act Makes Permanent Several Popular Provisions which Promote Charitable Giving
On December 18, 2015 the President signed the PATH Act (Protecting Americans from Tax Hikes Act). While generally considered an extenders bill (multiple tax incentives were extended one year at a time), this Act makes permanent some of the provisions which promote charitable giving by individuals and businesses. These include: Ready for more? Schedule a…
Read MoreDoes Blue Cross Blue Shield Have Too Much in Reserves?
According to the Chronicle of Philanthropy and the Houston Chronicle, Blue Cross and Blue Shield of Texas, whose parent is Health Care Service Corp. (HCSC), obtained approval for raising their insurance rates by 20% despite maintaining approximately a $9.9 billion dollar reserve fund, HCSC awarding their CEO a $10 million bonus and HCSC have a…
Read MoreWhat the PATH Act Means for You
The Protecting Americans from Tax Hikes Act (“The Act”) was signed into law by the President on December 18, 2015. The Act includes a number of significant tax changes. Some of the more important changes effective after December 31, 2014, (unless indicated) are as follows: • R&D Credit – The Act retroactively and permanently extends the research…
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