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Author: Wiss

Optimize Your Transfer Pricing Approach with Technology

We are all familiar with the month-end crunch — a scramble to extract the data needed to run the transfer pricing (TP) monitoring calculations, determine adjustments, investigate inconsistencies, gain approvals and book those all-important TP entries. Then focus might shift to a new acquisition, which will require harmonizing TP policies, stress-testing existing policies, facing new data source challenges and dealing with unraveling processes. And then the tax authorities serve up...

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Wiss Celebrates Hispanic Heritage Month

Hispanic Heritage Month is an annual celebration of the history and culture of the U.S. Latinx and Hispanic communities. Every year from September 15th to October 15th we appreciate and honor the colorful cultures, rich histories, and diversity of the American Latino community. The month-long celebration commemorates the significant contributions these communities have brought to the United States economy, culture, and society. This year’s theme, Unidos: Inclusivity for a Stronger...

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8 Ways to Get the Most Out of Your EHR System

Struggling with your EHR system? You’re not alone. EHR systems present healthcare organizations with the opportunity to improve workflows, enhance the patient experience and generate better clinical outcomes. Unfortunately, EHR systems aren’t always optimized, which can cause more work — and greater headaches — for both your clinicians and patients. Want to know how to get the most value out of your system? Check out these steps to ensure you’re taking full advantage of all the benefits...

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Tax Implications of the Inflation Reduction Act

By Nicole DeRosa, CPA, MAcc Just a mere four days following the House passage, President Joe Biden signed the Inflation Reduction Act (IRA) of 2022 into law on August 16, 2022, which is projected to raise more than $700 billion in revenue through federal policy changes impacting U.S. energy, environment, and tax sectors.  Several noteworthy items that are not included in the final bill include: A provision to remove the itemized deduction cap for an individual’s state and local...

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How Insulated is Technology M&A from Rising Interest Rates and Inflation?

Technology, media, and telecoms (TMT) mid-market M&A shows resilience to ongoing macroeconomic uncertainties, led by software deals. However, questions remain over how companies and investors are likely to react in coming quarters. Interest rate hikes, inflation, continued supply chain disruptions and Russia’s war in Ukraine all contribute to increased macroeconomic uncertainty. For companies and investors, the situation raises questions about future economic prospects. Are we,...

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Community Outreach

At Wiss, we believe in exceptional service, both inside and outside of the office. Our values live beyond our work. We’re committed to positively impacting lives by supporting all those who face an uphill battle, including the youth and underrepresented groups. Through our various community outreach programs and partnerships, we aim to propel people forward through education and opportunities that will help them realize their potential and maximize their performance.    Our long-standing...

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Is Your Company Effectively Managing Tax Risk?

By Nicole DeRosa, CPA, MAcc, Senior Tax Manager IS YOUR COMPANY EFFECTIVELY MANAGING TAX RISK? The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations, and for good reason. Businesses that operate across state lines or internationally can in certain cases trigger tax liabilities in jurisdictions where they do not have a physical presence. In addition, many countries are adopting policies which require greater transparency in tax...

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Remittance Schedules: How to Know and Meet Your Deadlines

Part of offering a defined contribution plan, whether a 401(k) or a 403(b) plan, is making sure that the money participants contribute from their paycheck is deposited in their retirement account in a timely manner. While this might seem like a relatively minor and simple task in the scope of a plan sponsor’s fiduciary duties, the Department of Labor (DOL) views non-compliance with remittance rules as a major issue, and missing deadlines for deposits—even by a couple of days—can...

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Mandatory Capitalization of R&E Expenses – The Impact on Life Sciences Companies

Life sciences companies engage in considerable, and often exclusively in, research and development activity. Not surprisingly, these companies often face unique challenges relating to R&D — from make-or-build vs. buy decisions, contract research and contract development, and manufacturing arrangements — as they progress through the clinical stages to commercial operations. The R&D landscape for life sciences companies is further complicated by additional challenges brought...

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Staying Focused on Long-Term Goals: Tips from Wiss

The mid-year mark of 2022 is the perfect time to reflect on our New Year’s resolutions. It can be extremely challenging to stay on track with long-term goals when certain times of the year become busy and overwhelming. The dreariness of winter and the craziness of summer can throw off our goals for the new year.  Wiss team members have shared their thoughts on how to stay vigilant in facing challenges to stay on track to reach your goals! Here are three ways you can stay true to...

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