Alerts

Compensation and Benefits Alerts

One More Chance - Certain Section 409A Corrections Can Be Made Without Penalty Through December 31, 2010 - November 2010

Although the general transition relief for compliance with Section 409A ended December 31, 2008, employers have one last chance to make penalty-free [...]

Federal Tax Alerts

Cost Segregation Study Results Challenged When Subject To a Purchase Price Agreement Allocation - March 2012

In a recent Tax Court Memorandum decision, the Tax Court ruled that, where an allocation of consideration or fair value to assets is in writing, the agreement is binding for all federal tax purposes and may not be altered [...]

Capital Gain Exclusion on Small Business Stock - November 2010

On September 27, 2010, President Obama signed into law the Small Business Jobs Act of 2010 (the “Jobs Act”). One of the more intriguing provisions of the Jobs Act is the 100% exclusion from gross income of capital gains [...]

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Financial Reporting Alerts

NASDAQ Proposes Internal Audit Requirement - April 2013

The NASDAQ Stock Market LLC (Nasdaq) recently filed with the SEC a proposed rule change that would require all listed companies to establish and maintain an internal audit function. [...]

FASB Issues Final ASU on Testing Indefinite-Lived Intangible Assets for Impairment - August 2012

On July 27, 2012, the FASB issued ASU 2012-02, Intangibles—Goodwill and Other (Topic 350) - Testing Indefinite-Lived Intangible Assets for Impairment. The ASU provides entities with an option to first assess qualitative factors to [...]

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Nonprofit Alerts

The Red Flags Rule - What Does It Mean to Nonprofit Organizations? - January 2011

One of the largest growing areas of criminal activities in the past decade has been identity theft. Identity theft occurs when an individual uses other people’s personally identifying information to [...]

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