by Bronswick | Dec 7, 2023 | Blog, News
The tax rules dealing with financial transactions and instruments can be complicated, but failure to understand these rules and their application to your business’s transactions could result in negative tax consequences or forgone opportunities. As part of year-end...
by Bronswick | Dec 7, 2023 | Blog, News
The IRS in the past year has been actively challenging partnerships’ tax positions in court – from the valuation of granted profits interests to limited partner self-employment exemption claims and the structuring of leveraged partnership transactions. At the same...
by Bronswick | Dec 7, 2023 | Blog, News
2023 has seen important activity with regulation of international tax. Following is a list of items to consider and be aware of for 2023 year-end planning and beyond: Preparing for the Impact of OECD Pillar Two Implementation Potentially Significant Supreme Court...
by Bronswick | Dec 7, 2023 | Blog, News
With thousands of taxing jurisdictions, from school boards to counties and states, and many different types of taxes, state and local taxation is complex. Each tax type comes with its own set of rules — by jurisdiction — all of which require a different level of...
by Bronswick | Dec 7, 2023 | Blog, News
A taxpayer’s tax accounting methods determine when income is recognized and costs are deducted for income tax purposes. Strategically adopting or changing tax accounting methods can provide opportunities to drive tax savings and increase cash flow. However, the rules...
