True Partners Insights

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6 Common Mistakes Impacting Unclaimed Property in M&A

The Current Environment As more and more companies look to grow and expand, we’ll continue to see an increase in merger and acquisition (M&A) activity.  With larger and inherently more complex transactions being completed (e.g. Amazon’s acquisition of Whole foods, aka internet giant acquires brick and mortar grocer), effective and thorough due diligence is now more important than ever. A target’s historical compliance with unclaimed property laws is important, but […]

February 8, 2019

Excel at Excel at The Chicago Tax Club, February 26

Excel at Excel, at the Chicago Tax Club February 26, 2019 11:45am – 1:00pm Have you been improving your Excel skills? Are you looking to learn more tips and tricks? Join this interactive session and bring your laptop to learn valuable Excel formulas such as INDEX, MATCH, SUMIF, SUMIFS as well as functions such as PivotTable and keyboard shortcuts. Speakers: Eduardo Castrejon, Senior Manager, True Partners Consulting Michael DeRose, Manager, […]

February 1, 2019

True Alert: The cost of business development just became more expensive…

This True Alert highlights key aspects of the tax law changes resulting from the Tax Cuts and Jobs Act (“TCJA”) regarding business deductions for Meals & Entertainment (“M&E”).  The cost of business development just became more expensive.  Companies that entertain prospective or existing customers, as well as employees, are living in a new world when it comes to deducting those expenses for federal tax purposes.  The following True Alert explains […]

January 30, 2019

Mitigating Sales and Use Tax (“SUT”) Risk

Sales and Use Taxes (SUT) have been in the news recently due to the Wayfair decision and many states have enacted economic nexus statutes as a result.  The Supreme Court made a historic change in the SUT landscape in 2018 when it abandoned the long held physical presence standard regarding sales tax nexus; companies can now be required to collect and remit sales tax simply by making sales into a […]

January 29, 2019

Ten Best Practices for Unclaimed Property Compliance

On the surface Unclaimed Property (“UP”) compliance reporting seems straightforward. Companies often believe they are in compliance and protected from audit risk, but upon closer inspection many companies find that they lack the required historical documentation to verify their compliance practices when they come under audit. To help ensure your company is truly in compliance, we encourage you to benchmark your policies, communication, and monitoring protocols against this list of […]

January 28, 2019

Matthew John McNally Speaks at the 8th Annual Private Equity US Spring Forum

Don’t miss this panel discussion moderated by Matthew McNally: Tuesday, May 7, 2019 9:30am Union League Club, New York Panel Discussion: Impact of Tax Reform on Private Equity Strategies Since the passage of the TCJA in December of 2017, a broad range of changes have been enacted. Since then, the private equity sector has been greatly affected through the treatment of carried interest, reduction in tax rates, limitations on interest […]

January 22, 2019