Federal Tax Matters
Through our Total Tax Approach, we work with clients to understand the broader tax and business implications of new federal tax policies and proposals.
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Article
Georgia Decouples From IRC Section 174, Enacts PTE Tax Changes, and Imposes Sales Tax on Digital Goods and Services
May 23, 2023GA decouples from IRC Section 174, expands PTE election and applies sales and use tax to digital goods and products.
Article
Maryland Supreme Court Dismisses Challenge to Digital Ad Tax; Controversial Tax Remains Enforceable
May 22, 2023In a May 9 per curiam order, the Maryland Supreme Court dismissed Comcast’s challenge that Maryland’s digital advertising tax is unconstitutional and violates the Internet Tax Freedom Act (ITFA).
Article
New York State Enacts Fiscal 2023-2024 Budget
May 22, 2023On May 3, Gov. Kathy Hochul signed A3009/S4009 and A3008/S4008 (collectively, the Fiscal 2023-2024 Budget), ending lengthy budget negotiations between her office and the state legislature.
Podcast
Tax at the Speed of Tech Podcast - Episode 4: Tax Technology on the Global Stage
May 15, 2023In this episode, host Chris D’Ambola welcomes Monika Loving, Managing Partner with BDO, to discuss Pillar Two and advances in tax technology and tax talent needed to prepare for a global minimum tax.
Article
Easing The Pain of Research & Experimental (R&E) Expenditure Capitalization
May 9, 2023New Section 174 rules require taxpayers to capitalize and amortize R&E costs incurred in taxable years beginning on or after Jan. 1, 2022.
Article
North Carolina Amends PTE Election, IRC Conformity, and Personal Income Tax Rules
May 4, 2023On April 3, North Carolina Gov. Roy Cooper signed S.B. 174 into law to effect numerous tax law changes, including revisions to the state’s elective pass-through entity (PTE) tax, many of which are retroactive, and an update to the state's Internal Revenue Code conformity date.
Podcast
BDO in the Boardroom Podcast - Episode 61: BEPS 2.0: What Should the Board Know About Global Tax Reform and the Two Pillar Program?
April 27, 2023Join BDO’s Center for Corporate Governance Amy Rojik as she and her colleague Matt Williams, Specialized Tax Services Principal and Europe, Middle East, and Africa (EMEA) Tax Desk Leader, as they discuss what you need to know about global tax reform and the BEPS 2.0 framework.
Article
We May Never See a Better Environment for Transferring Wealth … Here’s Why
April 14, 2023In this article, BDO’s Private Client Services professionals explain why 2023 is an ideal year to prioritize your wealth transfer plans.
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