CPE

In this LIVE Webcast, a panel of thought leaders and professionals brought together by The Knowledge Group will provide and present an in-depth analysis of the fundamentals as well as recent developments in Conducting Internal Investigations in the Post-Covid-19 Era: Best Practices and Key Considerations. Speakers will also present all important issues surrounding this significant topic. Join us for this Knowledge Group Webinar!

The Biden administration has drafted several tax proposals as part of its “Build Back Better” plan and among the most notable policy priorities include an increased tax responsibility for larger corporations. To alleviate this anticipated additional tax burden, leveraging their research and development (R&D) tax credits should be considered. However, the recently released tax proposals do not include any R&D-related changes or development details, posing an open question on the new administration’s plan for R&D investments.

Uncertainties in today’s business landscape are presenting a host of risk issues to supply chains around the world. The COVID-19 pandemic, which resulted in paralyzed business operations and significant revenue losses, is one proof of how vulnerable and fragile supply chains are to disruptions. This magnifies the need for companies to reassess their service supply chain and ensure that it is prepared for any interruption.

The rise of sales tax automation has made it possible for companies to turn their manual tax processes into streamlined and efficient systems. It has dramatically improved everyday tasks, like data validation, which can now be performed with increased speed, ease, and accuracy.

In 2018, the U.S. Supreme Court ruled in favor of the state in South Dakota v. Wayfair, Inc. The decision has overruled a long-standing standard allowing states to charge remote sellers for in-state transactions. Consequently, several states have adopted new rules that specify what sets out a tax duty on sales and usage, known as nexus. They have also started to expand the economic nexus standard sanctioned in Wayfair beyond sales tax systems, introducing economic nexus provisions for corporate income taxes.

Expert witnesses play a significant role in proving damages in commercial litigation cases. With strategies continuously emerging in an ever-dynamic legal landscape, plaintiffs involved in such cases are ensured with higher chances of winning. However, because of its frequent use, experts must always put forward credible damages studies that can withstand blows and questions from the opposition. This calls for plaintiffs and litigators to have a deep understanding of the strategies to maximize the effectiveness of these testimonies.

As of May 1, 2017, the American Institute of Certified Public Accountants (AICPA) implemented the Statement on Standards for Attestation Engagements (SSAE) 18. This updated standard requires companies to take full control and responsibility of their internal controls and to enhance their risk assessment procedures.

Over the years, cyber incidents have become more and more rampant. Companies encounter various risks and challenges daily, that avoiding such attacks does not anymore suffice as a countermeasure. Companies must, therefore, develop a comprehensive cyber incident response and recovery plan that will efficiently protect them from risks, costs, and damages.