O’Connor & Drew Blog

The Latest Information From The Professionals At O'Connor & Drew, P.C.

The SECURE Act

EMPLOYEE BENEFIT PLANS Kimberly A. Reed Principal, CPA28 May 2020 With all that 2020 has brought so far, it is important that you keep in mind the impact of the Setting Every Community Up for Retirement Enhancement Act of 2019 (The SECURE Act) that was signed as part...

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Business Email Compromise

Business Email Compromise

 Business Email Compromise (BEC) is the latest trend in cybersecurity that you should want nothing to do with. Attackers are flocking en mass and targeting the email systems of vulnerable companies as a means of taking control and leveraging the access for their own...

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Fiduciary Activities

Fiduciary Activities

While Government Accounting Standards Board (GASB) Statement 87, Leases (effective for years ended June 30, 2021) has been getting a lot of attention, GASB Statement 84, Fiduciary Activities (effective for years ended June 30, 2020) has been stealthily flying below...

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Repeal of Parking UBTI

Repeal of Parking UBTI

TAX Repeal of Parking UBTIRyan J. McDonell, CPA 7 January 2020 The Tax Cuts and Jobs Act tax reform in 2017 added (to the dismay of many) IRC section 512(a)(7) which effectively created unrelated business taxable income (UBTI) for the expenses of providing qualified...

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