A decision recently passed by the New Jersey Tax Court determined that a company incorporated in New Jersey was liable for self-procurement tax based on all of the U.S. premiums paid to its captive insurer. This decision, based on a

Over the past decade, cybersecurity has led our news headlines. It seems that every few months a new cybercrime occurs, leaving companies with a tarnished reputation and customers’ data compromised. The financial sector is particularly vulnerable to cyberattacks because of

More than two years after it began its project, the AICPA Auditing Standards Board (ASB) issued Proposed Statement on Auditing Standards (SAS), Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA. In January 2015,

Although it intended to simplify and clarify investment disclosures and create more consistent application across entities, the FASB caused some unintended confusion when it issued the following Accounting Standards Updates (ASU): ASU 2015-07 Disclosures for Investments in Certain Entities That

The IRS has released a draft version of Form 990 for 2018 which offers new insight into how certain portions of the Tax Cuts and Jobs Act of 2017 (TCJA) which impact exempt organizations will be implemented. Part V of

The Treasury Department has issued new guidance which eliminates the requirement to disclose the names and addresses of donors for a large swath of exempt organizations. Revenue Procedure 2018-38 provides that organizations exempt from tax under Section 501(a), other than