Posts Tagged ‘Technology’
IRS Expands Digital Asset Question on Draft Version of 2022 Form 1040
At a glance Main takeaway: For tax year 2022, the IRS seeks to expand Form 1040 reporting to require disclosure of transfers of digital assets, whether taxable or not. Impact on your business: This is a welcome change in the tax community and a signal to taxpayers to start tracking their digital assets more closely.…
Read MoreNew CHIPS Tax Credit Provides Opportunities and Complexity for Companies and Investors in Superconductor Manufacturing
At a glance The main takeaway: The recently passed CHIPS Act creates a new Advanced Manufacturing Tax Credit to provide incentives for US companies to invest in domestic semiconductor manufacturing. The Act allows a credit of up to 25% of qualified investment amounts in facilities or equipment used to manufacture semiconductors in the US. There are…
Read MoreThe Pulse on the Economy and Capital Markets: August 1 – 5, 2022
At a glance: Global markets increased last week as investors embraced riskier stocks and bonds aimed to recoup losses that occurred during the first half of the year. Nasdaq, Russell 2000 and emerging markets led the risk-centric performance, while the energy sector dropped 8% last week. Earnings are growing faster than expected with 75% of…
Read More3 Post-Pandemic Challenges Facing Law Firms
At a glance The main takeaway: Overall, the legal industry managed to stay rather resilient the last two years. However, internal disruptions from the pandemic are beginning to catch up to law firms. Impact on your business: Like so many industries, law firms are now faced with fierce competition for retaining and attracting new talent.…
Read MoreBrace for Impact: Changes to R&D Deductions Begin This Year
At a glance The main takeaway: New requirements eliminating the ability to immediately deduct research and development (R&D) expenditures went into effect this year after every attempt to reverse the change failed. Impact on your business: Businesses that have historically benefitted from the favorable tax treatment of fully deducting research expenditures as incurred could be…
Read MoreThe Pulse on the Economy and Capital Markets: May 16–20, 2022
At a glance Investors are growing more concerned about stagflation versus inflation when it comes to the financial markets and economy. Risk assets like US stocks and cryptocurrency saw steep declines last week, while government and investment-grade bonds and commodities moved higher. Not only is inflation affecting consumers, but it is also impacting major retailers…
Read MoreQualifying for Section 1202: The IRS Provides Clarity on a Taxpayer’s Eligibility
At a glance The main takeaway: In a Chief Counsel Memo, the IRS concluded that a taxpayer’s business of facilitating rental property agreements between lessors and lessees should be classified as brokerage services thus deeming them ineligible for Section 1202. Impact on your business: For a taxpayer to receive the incentives that come with Section…
Read MoreThe Pulse on the Economy and Capital Markets: May 9 – 13, 2022
At a glance: This year started out as one of the worst in decades for stock and bond markets as investors worried about growth and rising inflation. Riskier segments, such as the Nasdaq and the Russell 2000, experienced a few difficult weeks at the start of the quarter as several well-known companies missed growth targets.…
Read MoreESG Impacting Levers: How Private Equity Firms Can Drive Value Creation
At a glance Main Takeaway: In part two of our series on ESG investing in private markets, we discuss how private equity firms can grow EBITDA, lower working capital and reduce the cost of financing. Invest with confidence: ESG is quickly reshaping the investment world and PE firms are well-positioned to be leaders in driving…
Read More