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  • Partnership Aspects of 2021 Final Regulations on Deduction of Business Interest Expense
    On January 5, 2021, Treasury and the IRS issued a second set of final regulations on the deduction of business interest expense (the 2021 final regulations) that provide additional rules to reflect changes to Internal Revenue Code Section 163(j) made by the Tax Cuts and Jobs Act (TCJA) and the Coronavirus Aid, Relief, and Economic […]
  • The Fallacy of the December 31 Closing for ESOP Transactions
    While many businesses and their owners wish to close an Employee Stock Ownership Plan (ESOP) transaction by or on December 31, the importance of doing so can be overstated.   Many businesses and business owners contemplating a sale, merger or other liquidity event, oftentimes view closing a transaction before the end of the calendar year […]
  • Transfer Pricing Considerations for LIBOR Transition
    A year from now, at the end of 2021, it is probable that the London Interbank Overnight Rate, or LIBOR—a reference point used globally for variable interest rates charged on financial instruments—will be retired and replaced with an alternative system. Several other government-sanctioned benchmarks for a Risk-Free Rate, or RFR, will be used for all […]
  • 2020 Year-End Reminders: Common Fringe Benefits, Rules For 2% S Corp Shareholders and Changes Under the CARES Act
    Summary As 2020 draws to a close, employers should be reviewing whether they have properly included common fringe benefits in their employee’s and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2020, since the CARES Act made a number of changes to the rules relating to traditional fringe benefits. Fringe […]
  • Global Employer Services Newsletter - November 2020 Issue
    The BDO Global Employer Services Newsletter provides a brief overview of issues affecting international assignees, predominantly, but not exclusively, from a tax and social security perspective. This newsletter brings together individual country updates over recent months. As you will appreciate, the wealth of changes across multiple jurisdictions is significant so to provide easily digestible information […]

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