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Amendments to GASB Financial Reporting Model Impact State and Local Governments
To improve the quality of the financial reporting model, the Governmental Accounting Standards Board (GASB) issued Statement 103, Financial Reporting Model Improvements, which amends certain key components of the financial reporting model to enhance the effectiveness...
Money paid to a lender by an insurance company
Appreciate, if anyone in this forum could advice on below issues, I am facing. My client has financed a business van three years back. The vehicle met with an accident and insurance company writtn off the vehicle and paid outstanding loan amount directly to the...
Non-UK Resident – ‘Normal’ vs S811 Computation
Background: The person in question is a Non-UK Resident and is a resident in Spain. Recieves a state pension, which is not taxable in the UK under article 17 of the UK/Spain DTT. Question: I am struggling to follow the computations IRIS is preparing by default to...
Downtown St. Louis Construction Update: Gateway South, Downtown West, The Victor and Lofts at 1 Thousand
With roots in downtown St. Louis, Anders is always keeping an eye on the latest developments in the city of St. Louis. Below, we dive into a few exciting new additions to the city, including the planned Gateway South development, the renovations of the Lofts at 1...
Credit Co-op Patrons Could Save on Borrowing with Proposed 163(j) Guidance
Comment letters submitted by advocacy groups to the Department of the Treasury (Treasury) and the IRS on its 2024–2025 Priority Guidance Plan could provide an opportunity for taxpayers who are patrons of credit cooperatives to reduce borrowing costs if addressed. The...
CMS Announces New Mandatory Program to Improve Kidney Transplant Accessibility
The Centers for Medicare & Medicaid Services (CMS) has unveiled the Increasing Organ Transplant Access (IOTA) Model, a proposed initiative aimed at transforming organ transplantation in the United States by: Increasing organ donations and the number of transplants...