MGO Perspectives
Are you prepared for today’s business challenges and triumphs? Do you have the expertise to navigate the vastly complex sea of trends, regulations, and innovations that will take your organization to the next level?
Our goal is to provide you with the know-how and perspective you need to experience limitless opportunity. We offer a variety of perspectives on issues of interest here for your reference, but our ultimate goal is to talk with you personally so that we can offer ideas and knowledge that best fit your unique challenges.
Contact us to learn more about these and other issues that impact your organization. We’re here to help.
Featured Resources from MGO
- Nonprofit Update
This issue's highlights include the new accounting pronouncement regarding mergers and acquisitions as well as the tax implications of merging or terminating an organization, issues regarding Federal Funds received under the American Recovery and Reinvestment Act of 2009, and issues related to the new regulations on non-qualified deferred compensation plans for nonprofit entities.
- California Tax Alert
California's new budget has sweeping tax changes that will affect both individual and corporate taxpayers.
- IRS Announces Retirement & Savings Initiatives
The Internal Revenue Service recently issued substantial guidance designed to boost retirement savings. Find out how the changes may benefit you.
- Tips for Navigating the Business Credit Crisis
The recent credit crisis is just a reminder of the importance and benefits of having a sound strategy that you can use to navigate through turbulent times.
- Relief for Seniors and Employers through WRERA
The economic downturn is shrinking retirement accounts and impeding employers’ ability to meet pension funding requirements. The Worker, Retiree and Employer Recovery Act of 2008 (WRERA) is designed to help seniors recover some of the value their retirement accounts have lost this year and ease employer pension funding requirements that could have forced businesses to make large pension fund contributions at a time when cash is in short supply. In addition, the act “corrects” several technical provisions of the Pension Protection Act of 2006 (PPA).
- BDO Tax Alert - Executive Deferred Compensation Compliance
The December 31, 2008, deadline for compliance with Internal Revenue Code section 409A is quickly approaching. Companies must make all necessary revisions to any "deferred compensation plan" to comply with section 409A.
- Year-end Tax Planning Advice
- As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill this year and possibly the next.
- FIN 48 Tax Alert
On October 1, 2008, the FASB voted to defer the effective date of FIN 48 for certain pass-through entities and voted against a deferral for nonpublic companies. BDO Seidman, LLP has issued a Federal Tax Alert regarding this FIN 48 update.
- Summertime Tax Tip from the IRS - Moving Expenses Related to a New Job May Be Tax Deductible
Did you recently move to another city for a new job or because your old job is now at a new location? A tax break may be coming your way.
- Summertime Tax Tip from the IRS - Selling Your Home
During summer months, many people sell their home and move to a new location. Many of those individuals will make a profit on the sale and still will not have to pay a single dime of additional income tax to the IRS.
- Summertime Tax Tip from the IRS - Tax Scams - The Last Thing You Need
Life is complex enough without con artists trying to separate you from your hard earned dollars. It can be very costly if you become a victim of a scam that trades on the image or the mission of the IRS.
- Summertime Tax Tip from the IRS - Independent Contractor vs. Employee
Are your workers independent contractors or employees? The answer can have a profound impact on how much tax you pay as a small business owner.
- Compensation and Human Capital Consulting (CHCC) Tax Alert: IRS Proposed ISO and ESPP Regulations
The Compensation and Human Capital Consulting (CHCC) practice has issued a tax alert regarding the IRS proposed ISO and ESPP regulations to help employees calculate taxes owed on stock dispositions.
- Summertime Tax Tip from the IRS - Tax Calendar for Small Business
Are you running a small business? Would you like a calendar packed with valuable business tax information? The IRS is offering a free calendar to help you keep track of tax deadlines and important dates throughout the year.
- Summertime Tax Tip from the IRS - Keeping Good Tax Records
In a tax emergency, would you be ready?
- Summertime Tax Tip from the IRS - Mortgage Workouts, Tax-Free for Many Homeowners
There is now tax relief for struggling homeowners.
- Classifying Workers
Is your worker an independent contractor or an employee?
- International Tax Alert: Ireland
Ireland changes in taxation of foreign dividends.
- Credits & Incentives Tax Alert: New California Enterprise Zones
BDO Seidman's Business Location Incentives and Site Selection Services practice has issued a new alert in regard to the recent announcement by Governor Schwarzenegger of eight new Enterprise Zones in that state.
