ArticleFAQs: Exit Planning Lessons From Real-World TransactionsReal-world transactions reveal that clean financials and normalized EBITDA are critical to building trust with buyers.United StatesCorporate/Commercial LawMGO CPA LLP
ArticleYour Guide To Private Equity In 2025: What To Expect And How To Stay AheadDeal activity to rise in 2025 as valuation gaps narrow, driven by interest rate cuts and GDP growth. United StatesCorporate/Commercial LawMGO CPA LLP
ArticleCase Study: Guiding An Entrepreneur Through Strategic Tax And Real Estate PlanningHow proactive advisory and cost segregation helped a business owner dramatically reduce his taxes and scale a lasting real estate portfolio.United StatesReal Estate and ConstructionMGO CPA LLP
ArticleCourt Wins Give IRS Stronger Hand On Economic SubstanceRecent court rulings are reshaping how the IRS applies the economic substance doctrine to challenge tax transactions, but conflicting judicial interpretations of the relevancy threshold are creating uncertainty for businesses. The Tenth Circuit's decision in Liberty Global and the Tax Court's ruling in Patel reveal divergent approaches to determining when this doctrine applies, leaving taxpayers to navigate inconsistent standards across different jurisdictions. United StatesTaxMGO CPA LLP
ArticleWhat Another Trump Presidency Means For Tax Policy In 2025 And BeyondPotential 2025 tax changes may lower corporate rates and extend key business deductions, affecting planning and cash-flow strategies.United StatesTaxMGO CPA LLP
ArticleHow Tariffs Disrupt Your Apparel Brand's Supply ChainTariffs increase material costs and uncertainty, challenging how your U.S. apparel brand manages production and pricing strategies.United StatesInternational LawMGO CPA LLP
ArticleIllinois Unclaimed Property Compliance Enforcement ContinuesIllinois is ramping up unclaimed property enforcement with 100-150 self-audit notices issued quarterly, creating urgent compliance obligations for businesses that may have filed incomplete reports or failed to meet negative reporting requirements. Companies receiving notices face tight response deadlines—as short as 15 days—before potential escalation to third-party examinations covering a 13-year lookback period. Understanding Illinois' expanded RUUPA requirements and conducting proactive complUnited StatesTaxMGO CPA LLP
ArticleNavigating Pillar Two And Supply Chain Challenges For Your Global BusinessThroughout the last few years, the global business landscape has been rocked by a series of unprecedented disruptions affecting supply chains and operating models.United StatesTaxMGO CPA LLP
ArticleSection 382 Tax Strategy Planning In Uncertain Capital MarketsThe current capital markets environment is still marked by volatility, persistent inflationary pressure, and structurally higher interest rates.United StatesTaxMGO CPA LLP
Article6 Predictions For The Future Of The Cannabis IndustryIt's been a rollercoaster year for cannabis. From the Department of Justice proposing the rescheduling of cannabis to ongoing expansion in states like Ohio, Missouri, New York, and Florida to the adoption...United StatesCannabis & HempMGO CPA LLP
ArticleBOI Reporting Update: Injunction Lifted, 30-Day Filing Extension AnnouncedFollowing the February 18, 2025, decision by the U.S. District Court for the Eastern District of Texas in Smith, et al. v. U.S. Department of the Treasury, et al....United StatesCorporate/Commercial LawMGO CPA LLP
Article401(k) And 403(b) Forfeiture Account Rules: What Plan Fiduciaries Need To KnowForfeiture accounts are a routine part of many retirement plans — but they're also getting more attention from regulators.United StatesEmployment and HRMGO CPA LLP
ArticleTop 5 Tax Mistakes Law Firms Make — And How To Avoid ThemMisclassifying income partners, overlooking state tax obligations, and poor distribution planning are just a few tax traps law firms often fall into.United StatesTaxMGO CPA LLP
ArticleCase Study: Helping A Founder Prepare For A High‑Stakes Business ExitA professional services firm with over 30 years of operating history faced an unexpected sale opportunity, revealing critical gaps in exit preparation. This case study examines how reactive decision-making under pressure differs from strategic exit readiness, and why preparation years in advance determines transaction outcomes more than timing alone. United StatesCorporate/Commercial LawMGO CPA LLP
ArticleIRS Shifts Course On Break Fees And M&A ReportingThe Tax Court ruled in AbbVie, Inc. Subsidiaries v. Commissioner that a $1.6 billion termination fee is deductible as an ordinary business expense, not a capital loss.United StatesCorporate/Commercial LawMGO CPA LLP
ArticleHow To Spot Financial Red Flags That May Signal AML ExposureAnti-money laundering exposure in casinos often stems from breakdowns in reconciliation, reporting, or oversight — not just suspicious patrons.United StatesGovernment, Public SectorMGO CPA LLP
Article7 Ways To Manage Multi‑State Expansion And Tax Exposure In 2026Many organizations are preparing to enter new markets or support remote talent in 2026. This shift can introduce new tax, payroll, and compliance responsibilities. United StatesTaxMGO CPA LLP
ArticleTaxpayers Are Receiving IRS Notices Demanding Bank Account Information: Be Alert For ScamsThe IRS has begun issuing Notice CP53E to taxpayers whose direct deposit information is missing or invalid, but some notices may have been sent in error. Fraudsters are exploiting this confusion by distributing convincing fake versions of the notice designed to steal personal and financial information. Tax professionals and taxpayers must carefully verify all IRS communications before providing sensitive banking details. United StatesTaxMGO CPA LLP
ArticleGlobal Mobility And Payroll Changes Under The OBBBAThe One Big Beautiful Bill Act (OBBBA) introduced sweeping updates that reshape payroll processes, benefits administration, and global mobility strategies.United StatesEmployment and HRMGO CPA LLP
ArticleForeign Tax CreditsUnderstanding foreign tax credits is essential for taxpayers with international income. This analysis examines the qualification criteria for creditable foreign taxes, the basket system that limits cross-crediting across income categories, and the procedural requirements for claiming these credits on U.S. tax returns. United StatesTaxMGO CPA LLP