Moore North America has prepared a downloadable resource for international businesses seeking to conduct business in the United States. In addition to background information on the U.S., this booklet includes relevant information about business operations…
The Common Reporting Standard (CRS) is now in full force. Early adoption was undertaken in some jurisdictions beginning in 2017, with the rest coming online for 2018, and with most jurisdictions having midsummer filing requirements.…
Over the past year and a half, the staff of the SEC’s Division of Investment Management has issued a variety of guidance that modifies or updates the definition of custody and the requirements therefore of…
In May 2018, the AICPA’s Private Equity and Venture Capital Task Force released a working draft of an accounting and valuation guide: Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and…
We’ve heard a lot of buzz for years now about the “carried interest loophole” that hedge fund managers take advantage of. Critics of this loophole have suggested that it allows such managers to earn big…
The June 21, 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair drastically changed the sales and use tax nexus landscape for all businesses. This ruling held that a state can now legally require…
On March 4, 2019, the Internal Revenue Service issued much anticipated proposed regulations under Internal Revenue Code Section 250 to provide guidance on the deduction for foreign-derived intangible income (FDII) and global intangible low-taxed income…
NASHVILLE, Tenn. (February 25, 2019) – Elliott Davis, a leading business solutions firm with nine offices across the Southeast, announces that James (Jim) Schmitz has joined the firm’s Nashville office as market leader. Schmitz comes…
Enacted by the Tax Cuts and Jobs Act, the Foreign-Derived Intangible Income (FDII) deduction establishes preferential tax treatment for domestic C corporations serving foreign markets. The deduction is equal to 37.5% of the C corporation’s…
Greenville, S.C. (January 30, 2019) – Elliott Davis, a leading business solutions firm with nine offices across the Southeast, announces that the company’s Risk Advisory and Cybersecurity practice has established a partnership with Nozomi Networks, the…
When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction…
Greenville, S.C. (January 24, 2019) – Elliott Davis, a leading business solutions firm with nine offices across the Southeast and nearly 800 employees, today announced plans to move its corporate headquarters from the current location at…