Focus on Taxation: Changes to Section 382 of the Internal Revenue Code

The IRS recently published proposed regulations that would further reduce a corporation’s already-limited ability to utilize its net operating loss (NOL), credits and interest expense carryforwards after an ownership change.

Focus on Cyber Security: October is Cyber Security Awareness Month

Own IT. Secure IT. Protect IT. October is the 16th Annual National Cyber Security Awareness Month and a great time to update your security awareness training program – or start one.

RubinBrown’s Brandon Loeschner Named as Emerging Leader of Gaming

Brandon Loeschner, CPA, CISA, CGMA, a national practice leader of RubinBrown’s Gaming Services Group, was recently named to Global Gaming Business Magazine’s list of Emerging Leaders of Gaming, 40 Under 40 class.

Three RubinBrown Partners Honored on Inaugural 2019 Who’s Who in Accounting List Presented by the De

Matt Beerbower, CPA, Rhonda Sparlin, CPA and Debbi Warden, CPA, CGMA, MBA, have all been named to the Denver Business Journal’s 2019 Who’s Who in Accounting list. The list recognizes innovators and trailblazers whose expertise and leadership help drive the economic growth of the region.

Focus on State and Local Taxation: Illinois Tax Amnesty Program

On June 5, 2019, Illinois Governor J.B. Pritzker signed legislation enacting a tax amnesty program scheduled to run from October 1, 2019 through November 15, 2019.

Focus on Transportation & Dealerships: Business Interest Limitations and the Transportation Industry

For companies with average revenues over $25 million in the three previous years, the Tax Cuts and Jobs Act (TCJA) had a major impact on the deductibility of business interest expense. Prior to 2018, businesses were allowed to deduct 100% of all interest expense that was incurred.

Focus on Gaming: One Year Since the Overruled Professional and Amateur Sports Protection Act

It has been a little over a year since the Supreme Court overruled the Professional and Amateur Sports Protection Act (PASPA) in May 2018, permitting states across the U.S. to pass regulations that will allow them to offer sports betting.

RubinBrown’s Stephanie Drew Honored with Colorado Society of CPAs Women to Watch Award

Focus on Public Sector: GASB 84 Update

On Thursday June 19th, the Governmental Accounting Standards Board (GASB) issued its Implementation Guide on Fiduciary Activities (guide).

Focus on Public Sector: 2019 OMB Compliance Supplement Update

On July 1, 2019, the Office of Management and Budget (OMB) announced the release of the 2019 OMB Compliance Supplement. The supplement contains the policies and procedures required to be followed by federal, state and local entities in regards to expending federal funding and the procedures required to be performed by auditors when conducting the single audit over these federal programs.

Focus on State & Local Taxation: Missouri Extends Statute of Limitations on Sales and Use Tax Refund

On July 11, 2019, Governor Parson signed Senate Bill 87, which extends the statute of limitations for sales and use tax refunds.

Focus on Assurance: FASB Votes To Propose Delay In Effective Dates Of Four ASUs For Certain Entities

The FASB has voted to propose a deferral of the effective dates for several of its recent standards that would provide at least an additional year to companies that have not yet adopted the standards.

Focus on Taxation: Changes to the Nevada Commerce Tax Return Filing Requirements

Thanks to the Nevada Legislature, companies with less than $4 million of Nevada gross revenue have less to do this summer. In the past, all companies conducting business in Nevada were required to file Commerce Tax returns regardless of revenue.

Focus on Taxation: Missouri Will Not Limit Business Interest Expense

As part of the Tax Cuts and Jobs Act, for tax years beginning on or after January 1, 2018, the amount of business interest that is deductible for federal income tax purposes may be limited.

Focus on Not-For-Profits: Final Regulations Issued June 13, 2019 Affect Charitable Contribution Dedu

On June 13, 2019, final IRS Treasury Regulations were issued that impact and directly relate to several of the provisions enacted in the Tax Cuts and Jobs Act (December 2017).

Focus on Construction: Update on Home Builders - News from Washington, D.C.

RubinBrown recently attended the mid-year board meeting of the National Association of Home Builders in Washington, D.C.

Focus on Gaming: The Intersection of Online Gaming, Cyber Security, and State Gambling Laws

Cybersecurity has to be embedded into the compliance fabric of online gambling operators and decision-makers. Security is not something bolted on after a new online application is created; it has to be integrated using security by design.

RubinBrown Announces 2019 Firm-Wide Leadership Promotions

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently announced several significant leadership promotions.

RubinBrown Announces 2019 Partner Promotions in St. Louis Office

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently promoted Mark Breakfield CPA, CGMA, to Partner in the Wealth Advisory Services Group. Christine Figge CPA, CGMA, was named Partner in the Business Advisory Services Group. Tim Kennedy, CPA, and Chris Tkach, CPA, CGMA were named Partners in the Assurance Services Group. Dominic Pisoni, CPA, was named Partner in the Entrepreneurial Services Group.

RubinBrown Announces 2019 Leadership Promotions in Kansas City

RubinBrown, one of the nation’s top 50 accounting and business consulting firms, recently promoted Megan Knoblauch, CPA, to Partner-In-Charge of Assurance Services in Kansas City and Zach Fritz, CPA, to Partner in the Tax Services Group.