Wei Wei & Co

2 min read

Cash Benefits for Supporting ESG - New Markets Tax Credit

With an increasing focus on environmental, social and governance (ESG) issues, some organizations are seeking ways to fund various ESG initiatives. Tax credits and incentives have played an important role in subsidizing ESG initiatives, with the...

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3 min read

Entity’s Debt Is Not Modified Upon Conversion to Corporation, IRS Rules

In a recent private letter ruling (PLR 202337007), the IRS ruled that a taxpayer’s proposed transaction that would convert a limited liability...

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6 min read

Treasury Issues Proposed Regulations Under Section 367(b)

The Treasury Department and the IRS on October 5 issued proposed regulations providing guidance under Internal Revenue Code Section 367(b) related to...

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3 min read

Best Practices in Subrecipient Risk Assessments and Monitoring for Federal Grant Recipients

Subrecipient risk assessments and monitoring are critical aspects of federal grants management. These practices ensure that funds are used in...

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3 min read

Data Quality for Nonprofits

Data quality is a critical factor for organizations of all sizes, and nonprofits are no exception. Poor data quality can lead to inaccurate business...

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2 min read

Demystifying Nonprofit Cost Allocations

By Dan Durst, MBA, and Gina McDonald, CPA

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3 min read

Global ERP Considerations for International Organizations

Modern Enterprise Resource Planning (ERP) systems empower organizations of all sizes, structures and industries when it comes to financial and...

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5 min read

Implementation of GASB Statement No. 96, Subscription-Based Information Technology Arrangements

Governments are required to adopt the provisions of the Governmental Accounting Standards Board Statement (GASBS) No. 96, Subscription-Based...

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5 min read

Three Tax Credit Opportunities for Manufacturers Under the Inflation Reduction Act

In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and...

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8 min read

IRS Drastically Expands Electronic Filing Requirements for 2023 Tax and Information Returns

The Internal Revenue Service finalized regulations on Feb. 23, 2023, significantly expanding mandatory electronic filing of tax and information...

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