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Seward & Kissel LLP

Private Equity Investment into NFL Teams: Tax and Business Considerations

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Owning an NFL team is no longer a fantasy. The National Football League (the “NFL” or the “League”) voted to allow minority stakes to be sold to private equity firms (“PE”). However, according to NFL.com, “an executive from...more

Mintz - Health Care Viewpoints

California’s Health Care Transactions Review Law: Regulatory Revisions Effective Immediately

Effective immediately, on August 22, 2024, the Office of Health Care Affordability (OHCA) adopted revisions to the cost and market impact review (CMIR) regulations (Revised Regulations), which govern California’s pre-closing...more

IR Global

Finding Opportunities in Client Files – A 7-step Process

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A huge opportunity for Accountants is to use their knowledge of a Client’s businesses to identify new opportunities. However, this will not ‘just happen’....more

J.S. Held

The Caitlin Clark Effect, Salaries and Name, Image, Likeness in the WNBA

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In May 2024, Caitlin Clark, the standout Iowa Hawkeyes point guard, joined the Indiana Fever. Her rookie debut coincided with an almost 200% increase in viewership for the WNBA —the so-called “Caitlin Clark Effect.” Of...more

Mayer Brown

STF's and STJ's Tax Agenda for the 2nd Half of 2024

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With the mid-year recess ending, Brazil’s Superior Courts are preparing to review certain notable tax thesis in the second half of 2024. Among the tax cases before the Federal Supreme Court (STF), the following stand...more

King & Spalding

Alternative Financing Models for Real Estate and Infrastructure in Saudi Arabia

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The launch of the Kingdom of Saudi Arabia’s (the Kingdom) Vision 2030 Program preceded the announcement of numerous ground-breaking Mega and Giga-projects throughout the country. Eight years on, recent MEED data estimates...more

Rivkin Radler LLP

NY Court Finds Unlawful Fee Splitting in Practice Acquisition

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The prohibition on fee splitting by professionals is alive and well in New York. The sale of a dental practice from one dentist to another was found to violate the state’s prohibition against fee splitting because the...more

Stikeman Elliott LLP

Understanding Canada’s New Digital Services Tax

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Canada’s Digital Services Tax Act was enacted on June 20, 2024 and came into effect by Order in Council on June 28, 2024. The new legislation imposes a digital services tax of 3% on digital services revenue exceeding...more

Manatt, Phelps & Phillips, LLP

Designing a Medicaid Hospital Global Budget Under CMS’ AHEAD Model

In September 2023, the Centers for Medicare and Medicaid Services (CMS) announced the States Advancing All-Payer Health Equity Approaches and Development (AHEAD) Model, and this week CMS is expected to make a first set of...more

Fox Rothschild LLP

Games People Play: Before Hiring the Forensic Accountant

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If you are involved in a case where your spouse owns an interest in a small business, one of the issues you and your lawyer will grapple with is whether the books and records of that business adequately portray its revenue...more

Mandelbaum Barrett PC

Governor Murphy Proposes Corporate Transit Fee: What You Need to Know

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Governor Phil Murphy’s recent budget address included a significant proposal: a corporate transit fee targeting large corporations. This proposal aims to address transportation infrastructure challenges and diversify funding...more

Robinson+Cole Manufacturing Law Blog

Why The Secrecy? U.S. Privately Held Manufacturers Can Benefit From Revealing More Information On Their Websites

Stop me if you have seen this before. You visit the website of a U.S. privately held manufacturer, and you click on the “About Us” page (if one exists) to find only generic information that could describe any manufacturing...more

Newburn Law

Acreage Dedications in Midstream Contracts

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Acreage dedications are a fundamental component of midstream oil and gas agreements, playing a crucial role in facilitating the transportation of hydrocarbons from production sites to market. These dedications involve the...more

Baker Donelson

Reduction in Tennessee State Budget Outlook and Tackling the Franchise Tax Problem

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Lower-than-expected growth in the Tennessee economy has resulted in a slight decline in tax revenues thus far this fiscal year. Further complicating matters, state officials also recently disclosed a potential legal problem...more

Houston Harbaugh, P.C.

Important Pennsylvania Supreme Court Opinion in Hangey v. Husqvarna Professional Products, Inc: Venue analysis cannot solely rely...

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On November 22, 2023, the Supreme Court of Pennsylvania clarified the “quality-quantity” test used to determine whether a company “regularly conducts business” in a county under Pa. R.Civ.P. Rule 2179(a)(2). In Hangey v....more

Husch Blackwell LLP

0.005% of National Revenue from Philadelphia County Held Sufficient to Support Venue

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Philadelphia County has long been a preferred forum for plaintiffs’ bar in Pennsylvania. Until last week, a motion to dismiss for improper venue under Pa. R. Civ. P. 1028(a)(1) was a tool at the disposal of any corporate...more

Pierce Atwood LLP

Maine Court Clarifies Jurisdiction in Certain Property Tax Appeals and Addresses Maine Revenue Services’ Duty to Taxpayers When...

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In a unanimous opinion, Maine Law Court relied on the plain language of 36 M.R.S. § 844 to hold that, in a municipality without a board of assessment review (BAR), a taxpayer whose nonresidential property is valued at $1...more

Foley & Lardner LLP

International Trade, Enforcement & Compliance Recent Developments Update (November 16, 2023)

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Did you know that whistleblowers can use the False Claims Act to get the U.S. Government to investigate allegations of lost revenue to the U.S. Treasury, including underpaid Customs tariffs? A large importer recently found...more

Stevens & Lee

Evading Transaction Roadblocks: Strategies for Common Late-Stage Dealbreakers

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After completing the arduous task of preparing to sell a business and agreeing to the terms in principle for a transaction in which a business owner will sell his or her “life’s work,” selling business owners (“Seller” or...more

McDermott Will & Emery

Action Required: Maryland Denies All Ad Tax Refund Claims

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The Maryland Comptroller appears to have denied all refund claims for the 2022 digital advertising gross revenues (DAGR) tax! The denial notices were seemingly dated on or around October 11, 2023, and were sent via certified...more

Flaster Greenberg PC

Ten Real Estate Tips for Soccer Clubs to Effectively Maintain Their Training & Match Day Facility to Maximize Viability

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Soccer is seeing unprecedented expansion in the U.S., on both the men’s and women’s side. As discussed in previous blogs professionalizing the women’s game is vital to its survival. A crucial piece of this is real estate....more

Ankura

Top 11 Things for Health Systems to Consider When Prioritizing Limited Capital Funds on Bricks and Mortar Projects

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Kaufman Hall reported in July 2023 that the typical hospital operating margin calendar year to date (CYTD) was 1.4%. While this is the best result seen in the last 12 months, pressures on liquidity and capital funding for...more

Troutman Pepper

Colorado’s Excise Taxes on Recreational Marijuana: A Revenue Boon for the State That Disadvantages Vertically Integrated Cannabis...

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Since its first recreational marijuana dispensary opened in 2014, Colorado has been at the forefront of the burgeoning adult-use cannabis industry, setting a precedent for other states considering the legalization of...more

Ankura

Common PCAOB Inspection Findings and Actions Firms Can Take to Improve Audit Quality and Reduce the Risk of Regulatory Enforcement...

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In July 2023, the PCAOB published the spotlight, “Staff Update and Preview of 2022 Inspection Observations.” The article summarized the PCAOB's common findings from its 2022 inspection season. Many of the findings observed in...more

Ward and Smith, P.A.

Mo Money, Mo Problems? No Biggie for a Homeowner's Association, Right?

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Was your community association lucky enough to come in under budget last year? On the surface, this might appear to be a bonus, but if not handled properly, it can quickly turn into an unexpected tax burden. ...more

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