Debt income cancellation tax implications
Commercial real estate companies are confronting a number of challenges in the current economic climate. Months of high inflation and rising interest rates marked 2022.
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Understanding ‘target capital account’ allocations
When forming a partnership, the partners have discretion when it comes to negotiating the business arrangement. However, considerations aren’t always given to both the economics of the deal and its tax consequences.
Are LLC members subject to self-employment tax?
For nearly three decades, the manner in which earnings of a limited liability company (LLC) are reported for self-employment tax purposes has been in dispute.
5 steps to modernize your contact center
The growth of online marketing, social media and smartphones is causing firms to integrate all channels to ensure the customer experience is seamless and consistent, regardless of channel or device.
Fed Reserve consults on climate financial risk
On Dec. 8, 2022, the Federal Reserve Board (Fed) published its proposed principles to provide a high-level framework for managing climate-related financial risks.
Looking ahead: Retail technology trends
Important technology trends in the year ahead that should be on retailers’ radar to stay competitive and continue down the digital transformation journey – online and in-store.
Innovation is the future of food
Innovation has always been a necessary way for food and beverage companies to stay relevant and achieve sustainable growth and profitability.
Responding to a cyber breach for healthcare orgs
Cyberattacks on healthcare organizations, especially health systems, are increasing dramatically
A story of uncertainty and opportunity
Analysis of the macroeconomic factors impacting the current commercial real estate market
Act now for what's next
Guidance and tips for real estate companies to help demystify and de-stress the annual audit process
Refining the fair value reporting process
There’s increasing demand from investors in real estate companies for fair value reporting, particularly in times of market turbulence. Investors want to be sure to understand what their investments are worth and how they’re performing. Fair value reporting can be challenging for real estate firms to jump into if its unfamiliar to them, as it requires technical expertise beyond the typical...
Tribune Media Co. v. Comm'r of Internal Revenue
In Tribune Media Co. v. Comm'r of Internal Revenue, the IRS stated that Tribune did not bear the economic risk of loss under the constructive liquidation test. Therefore, the IRS ruled that the senior debt was nonrecourse debt.
A ladder with five steps - Construction contractor
What does that mean for my business? Revenue recognition under the new guidance is a ladder with five steps, which are meant to reflect the contracts’ true nature and the different terms in each contract when we’re accounting for them.
Understanding GDPR
One of the largest and most significant pieces of privacy legislation is the General Data Protection Regulation (GDPR), which was enacted in 2016 and became enforceable in 2018. GDPR applies to citizens of European Union (EU) member states; it’s also enforceable beyond the EU member states’ borders, particularly for multinational organizations who process or control the personal data that could...
Managed Detection & Response
Living and working in a digitally connected world, networks are routinely at risk of being compromised. Ransomware, corporate espionage, denial of service, etc., are negative and potentially catastrophic outcomes that impact business operations and cost companies billions of dollars annually. With networks “always on,” the risk is 24x7.
Understanding PCI DSS Compliance
The Payment Card Industry Data Security Standard (PCI DSS) is a global standard for protecting payment (i.e., credit and debit) cards that applies to all merchants and service providers, even those that don’t directly handle the payment transaction itself. PCI DSS is a mature standard that just saw version 4.0 released in 2022; the latest version includes an extensive set of requirements to...
Protecting Against the Rising Number of Ransomware
Ransomware attacks increased by 13% between 2020 and 2021, according to the 2022 Verizon Data Breach Investigation Report (DBIR). This leap is greater than year-over-year increases in the previous five years combined. These attacks are here to stay, and they’re becoming more advanced and difficult to prevent.
Telehealth strategies to limit provider burnout
As the world slowly emerges from the COVID-19 pandemic, there’s an abundance of opinions and surveys related to the rapid growth in popularity and reliance on telehealth care.
Microsoft’s Intelligent Order Management
Supply and demand, it is the core of any company with a storefront. Successful companies are the ones that master and use the theory of Supply and Demand to their advantage. Delicately weaving supply chain, inventory management, and order fulfillment into the theory of supply and demand opens doors for customizing an operations system that captures the largest market share and wins over...
How you can use 529 plans to save for college
As their kids return to school, planning for the eventual college attendance is on the minds of many parents. Even for parents of young children, college costs are a significant concern, and for good reason. Four-year public university tuition has risen 180% since the 1980s, and even though this rate increase has slowed slightly during the pandemic, many families anticipate they’ll struggle to...
REITs expanding to veterinary practices
During the pandemic 23 million Americans adopted pets, leading to a matching increase in demand for veterinary care. In response, Terravet Real Estate Solutions, a Pennsylvania-based landlord, has announced that it will scale its pool of real estate specifically to veterinary facilities via an Umbrella Partnership Real Estate Investment Trust (UPREIT) structure. They have announced their first...
Real estate investors plan ahead as first year
As the first year allowance for bonus depreciation is scheduled to decrease to 80% for property placed in service during 2023, taxpayers are considering the timing of capital acquisitions to maximize their tax deductions.
Considerations for expenditure vs. capitalization
Capitalization is the process of recording the cost of purchasing an asset and depreciating it over its useful life, rather than expensing it when purchased.
The Next Technology Investment
How to Win Over Your CEO for the Technology Investment
Why businesses struggle
The past two years have seen a rapid acceleration in digital transformation across all industries – in some cases organizations have experienced years of change within just a few months.
Information Blocking
WHAT IS INFORMATION BLOCKING?
Two Paths to Ensure HIPAA Compliance
There is a longstanding trend of healthcare providers embracing digital technologies to manage, access, share, and store patient information. Consequently, there is an industrywide need to ensure that digital ecosystems are compliant with regulations, particularly the Health Insurance Portability and Accountability Act of 1996 (HIPAA) and its various updates, including the HITECH Act of 2009...
Making the B2B e-Commerce Journey with Microsoft
At the intersection of business-to-business commerce there are multiple touchpoints before products make their way to a final destination. Several stakeholders come together in cross-functional industries to serve other businesses as customers. Manufacturers, producers, suppliers, freight, transportation, distributors, wholesalers, and others collide in the B2B landscape.
Cybereason has taken the Endpoint Detection
Shubham Awasthi (Global Fusion Center Manager), Dan Katz (Cybersecurity Practice Director)
PunchOut: External Catalogs via cXML protocol
What are the benefits of using a PunchOut external catalog via cXML?
The Impact of High Residential Housing Prices
The extent of the post-COVID economic recovery in the United States has been remarkable. The economy is strong, unemployment is low, and the housing market is blazing hot. How long will this real estate boom last? What will the impact of rising mortgage rates be, and is it too late to buy? The vibrancy of the residential real estate market has produced conditions that are not favorable for...
Value added project management - Part III
Part 3 of 3-Part Blog Series on Mazars Value Added Project Management
Omnichannel Strategies for Contact Centers A Guide
Establishing an omnichannel strategy for customer service in your contact center is the premier way to increase engagement, improve your customer service satisfaction (CSAT) and net promoter (NPS) scores. It's also the best way to provide excellent customer service.
Tax Day: What you need to know
As the tax deadline approaches, it is important to be aware of changes affecting individual and business filings. Below are key tips to keep in mind as you file your 2021 taxes and plan for 2022.
ASC 842 – Lessor Impact
January 24, 2022 - The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Codification (“ASC”) 842 with several subsequent accounting standards updates spanning from 2016 to the present. For fiscal years beginning after December 15, 2021, private companies are required to adopt and implement ASC 842.
Microsoft Dynamics Cloud Migration Strategies
For Microsoft Dynamics clients, the extended support for on-premises solutions is soon expiring. Now is the perfect time for clients to consider a cloud migration strategy. A major benefit of cloud migration and moving to Microsoft’s modern support model is the opportunity for clients to receive seamless support, servicing and a unified agent experience.
Defining the customer journey
E-commerce customer journeys can vary by industry, type of customer, geography, and more. What will that journey look like for your B2B or B2C customers? Regardless of other factors, at the outset, it often begins with an internet search or a social media touchpoint. A well-placed ad or redirect can begin the customer engagement process, linking that person to an online store to start browsing.
Preparing your meetings and offices
As organizations are shifting to hybrid and remote work environments, IT and facilities directors are facing tough decisions about standardizing the employee meeting experience, recouping residual value out of existing hardware, disposing of end-of-life devices, and perhaps most importantly, reevaluating how they utilize their office space altogether.
Roadmaps to customer excellence: e-Commerce
Business leaders are accustomed to hearing about the essential role that e-commerce plays for modern enterprises, large and small. But e-commerce can easily be a buzzword, rather than a well-thought-out strategy.