As technology has evolved, so has the complexity of email scams and cybercrime. Our Technology Risk Advisory team provides insight into how phishing has become more dangerous.

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The Internal Revenue Service has issued the 2020 annual limitations for qualified retirement plans and Social Security.

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Your IT audit is unique to your business as a variety of factors change the scope and focus of the auditing process. Our experts at Boulay recommend taking a look at your IT environment to assess the impact of technology on your business environment.

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The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses as they struggled with the implications of the law’s sweeping changes for their bottom lines. With the next filing season on the horizon, you can incorporate the lessons learned into your year-end tax planning. Several areas in particular are ripe with opportunities to reduce your 2019 federal tax liability.

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Fall is in the air and that means it’s time to turn your attention to year-end tax planning. While several clear strategies and tactics emerged during the first tax filing season under the Tax Cuts and Jobs Act (TCJA), 2019 and subsequent years bring potential twists that must be considered, too. Let’s take a closer look at year-end tax planning strategies that can reduce your 2019 income tax liability.

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Third Quarter 2019 Market Perspective

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New income tax and franchise tax regulations, CR 18-081, were finalized by the Wisconsin Department of Revenue. The new rules provide guidance on the level and types of activities that will create nexus for out-of-state businesses.

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As a result of the federal tax conformity legislation that was signed into law by Governor Walz at the end of May, the Minnesota Department of Revenue now has the job of adjusting certain 2017 and 2018 tax returns that were filed before the Department updated its forms this past August. In order to make these adjustments, Minnesota Revenue will, in many cases, need to ask taxpayers for additional information.

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Enacted in May 2019 with H.B. 3427, Oregon’s Commercial Activity Tax (CAT) becomes effective for periods beginning on or after January 1, 2020.  Language in the bill makes it clear the federal protections of Public Law 86-272 do not apply, so the CAT will be broadly applicable to virtually all businesses with customers located in Oregon, including corporations and pass-through entities. 

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Our Technology Risk Advisory team describes the system components highlighted in Section III of the SOC2 report.

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