Beyond the Bottom Line Newsletter
October 6, 2021
IRS Program for Auditing Large Partnerships to Begin Soon
Last month the IRS released a revised Publication 5319, the Large Business and International (LB&I) Focus Guide for fiscal year 2022. In recent editions of Beyond the Bottom Line, we have discussed the outlook for greater compliance efforts by the IRS than we have seen in recent years. The President’s tax policy agenda includes measures for additional funding for the IRS over the next ten years to address the tax gap. Even without the passage of the President’s plan, 2022 fiscal year funding for the IRS exceeds funding in recent years.

The most important line in Publication 5319 may be “You will see continued focus on longstanding initiatives such as improving work selection, increasing partnership audit coverage [emphasis added] and launching new campaigns to address noncompliance.” The Publication goes on to say that LB&I expects to...Read More
How Deal Insurance Improves M&A Transaction Execution

Written by Michael Williams, Managing Director, Transaction Advisory Services, BDO USA, LLP

The use of representations and warranties (R&W) insurance in mergers and acquisitions has grown significantly over the past several years and has become an increasingly integral component of the transaction process. This article focuses on how buyers and sellers use R&W insurance for both strategic and risk management purposes to improve deal execution by accelerating the parties’ ability to reach agreement, thereby expediting the close of a transaction.

What is R&W insurance and its key features?
Loss Insurance: In general, R&W insurance shifts risk to an insurer by providing coverage for indemnification obligations resulting from breaches of representations and warranties made in a transaction agreement. R&W insurance principally is designed to...Read More
Over the past 18 months, COVID-19 has wreaked havoc on the supply chain management system. From a shortage of parts to a logjam of logistical processes, businesses are trying to find ways to minimize the impact on their bottom line. Join us as we hear from top supply chain executives on how they are helping their clients navigate through these turbulent times.
 
Tuesday, October 19, 2021
8:30 a.m. - 10:00 a.m.

*In order to receive CPE credit, you must be registered with your first and last name and provide a valid email address. You will also need to respond to the poll questions throughout the duration of the webinar.
Join us for BMSS' Annual Accounting & Auditing Update with Steve Platau, J.D., CPA
Join us for our in-person, annual BMSS Accounting & Auditing Update which will feature assurance topics and trends in the evolving accounting industry led by Steve Platau, J.D., CPA

Sheraton Birmingham
Thursday, November 11, 2021
8:00 a.m. - 5:00 p.m.

Zoom webinar will also be available for those who cannot attend in person. In order to receive CPE credit, you must respond to at least 3 polls per CPE credit.

**Please indicate whether you will be attending in person or via Zoom during the registration process.**