Ideas & Insights

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2021.

Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.

The ACA’s shared responsibility penalty on individuals without health insurance no longer applies after 2018, but state penalties may apply.

District of Columbia OTR will no longer require an affirmation letter from an organization renewing its tax-exempt status.

The Relieve High Unemployment Tax Incentives Act provides property tax abatements, employment tax credits and tenant credits.

Effective Nov. 1, 2017, the District of Columbia Office of Tax and Revenue has revised the Qualified High Tech Company (QHTC) sales and use tax ...

Budget proposals include reducing the business income tax rate, increasing personal exemption rates and broadening the sales tax base.

Universal Paid Leave Amendment Act of 2016 provides for one of the most expansive paid employee and family leave protections in the country.

The District of Columbia has joined the growing movement towards putting an end to the “tampon tax” – a sales tax on tampons and other feminine ...

District of Columbia adopts second round of emergency legislation necessary to preserve 2016 reduced franchise tax rate.