Without a direct connection between your lease accounting software and your ERP system, data must be manually transferred between the two systems, increasing the risk of errors, inconsistencies, and delays. This can significantly impact the accuracy and reliability of...
HMRC’s recent consultation on changing the assessment period for offshore interest has generated renewed interest in the idea of moving the UK tax year from 5 April to 31 December. Readers may remember that the Office of Tax Simplification (OTS) published a report in...
SECURE Act 2.0 is ushering in additional changes that 401(k) plan sponsors and administrators need to prepare to implement. Updated eligibility requirements for part-time employees, mandatory auto-enrollment, changes to catch-up contributions for highly compensated...
The sun is setting on your lease accounting software. The software you rely on might be reaching its end-of-life, with no further updates or security patches. Or perhaps the vendor is phasing it out entirely, leaving you without critical support. Now you are on the...
January 22, 2025 By John T. Murray, CPA, Partner Overview and tax considerations of continuation fund transactions Continuation funds have emerged as powerful tools for investment fund sponsors, limited partners, and new investors offering a range of benefits and...
The public accounts committee (PAC) has raised concerns that HMRC has “sought to degrade its telephone service to drive taxpayers to digital channels”. The group of MPs don’t pull any punches in their assessment of HMRC’s performance throughout the report. In one of...