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News, updates, and expert insights from Weaver.

Weaver is a Texas-based, national accounting firm offering audit, tax, and advisory services with deep industry knowledge. Contact us to learn more. Follow this channel for the latest from Weaver: product news, expert perspectives, and updates from the team.

30 episodesVisit website ↗
Channel Brief·Weaver · 30 episodes
Updated Apr 30, 2024

Tax, audit, and compliance counsel for mid-market enterprise

Weaver publishes short-form guidance on property tax, UBIT, grant fraud, and emerging domains like crypto and blockchain. The episodes ground advice in real regulatory change and named practitioner experience.

Weaver's channel assumes that mid-market companies and nonprofits need plain-language translation of tax code shifts, audit requirements, and compliance risk before those rules hit their bottom line. Each episode pairs a regulatory or operational problem with a named Weaver partner or external expert, then walks through concrete implications and next steps rather than abstract principle.

Drawn from Decoding the 2023 Tax Changes: An Insightful D… and 2 more →

“There's never been a year quite like the last couple of years in government assurance. We've seen a deluge of federal funds that don't stop.”

Adam Jones, Stage Government Practice Leader at Weaver

By the numbers

1984

Year Single Audit Act passed, triggering audits at $750k+ federal spend

100%

New limit on charitable cash contributions as % of AGI in 2021

20%

Annual bonus depreciation phase-out rate starting 2023

$750,000

Federal assistance spending threshold triggering mandatory single audit

What the channel argues

DataBonus depreciation phases out 20% per year starting 2023, fully eliminated by 2027.→
DataCharitable cash contributions limit increased to 100% of adjusted gross income in 2021.→
DataTexas legislation introduced a 20% cap on commercial properties under $5 million.→
DataSingle audits required when government entities receive $750,000 or more in federal assistance.→
InsightUBIT aims to create level competitive playing field between nonprofits and for-profit businesses.→
InsightProperty tax appeals process allows companies to challenge assessor valuations proactively.→

What you'll learn

•How 2023 tax code changes like bonus depreciation phase-out and R&E five-year amortization affect capital planning and expense timing.
•Why government agencies suddenly face single audits when federal grants exceed $750k, and what that audit entails.
•How state property tax caps (like Texas's 20% rule on sub-$5M commercial properties) shift real estate investment economics.
•Why nonprofits must allocate expenses between program and supporting services to handle UBIT correctly and maintain donor confidence.
•Which oil and gas companies overpay sales taxes and how state-by-state TPP rules create recovery opportunities.

What to do about it

→Model the phase-out of bonus depreciation through 2027 in your capex forecasts to optimize timing of large equipment purchases.
→Audit your organization's federal grant intake and spend levels against the $750k single audit threshold to plan compliance staffing.
→Review your most recent property tax assessment against current market comparables and file appeals where valuations deviate upward significantly.

Who and what shows up

Kurtis Dixon

Tax Services Partner, Weaver

Detailed the biggest 2023 tax code changes including bonus depreciation phase-out and R&E amortization for manufacturing, distribution, and retail leaders.

Adam Jones

Stage Government Practice Leader, Weaver

Highlighted the influx of federal grants triggering single audits for government and nonprofit agencies and the compliance challenges that ensued.

Kirby Ross

Tax Partner, Weaver

Explained UBIT mechanics and why nonprofits must separate program from supporting services expenses to manage tax and donor risk.

Stephen Arredondo

Property Tax Leader, Weaver

Discussed Texas homestead exemption increases, 20% commercial property cap, and property tax cycle impact on real estate transactions.

Shehan Chandrasekera

Head of Tax Strategy, CoinTracker

Described CoinTracker as software that automatically reconciles capital gains and losses across multiple crypto wallets and exchanges.

Questions this channel answers

Q

What are the biggest tax code changes coming for businesses?

Bonus depreciation phases out 20% annually starting 2023 through full elimination in 2027, and R&E costs now carry a five-year amortization requirement.

Decoding the 2023 Tax Changes: An Insightful Discussion … →
Q

How do nonprofits handle unrelated business income tax?

UBIT applies to income from activities unrelated to a nonprofit's exempt purpose; nonprofits must accurately allocate expenses between program and supporting services to comply and maintain donor confidence.

Weaver: UBIT and Functional Expenses for Nonprofits →
Q

When do government entities have to do a single audit?

The Single Audit Act (1984) requires an audit when an entity spends $750,000 or more in federal financial assistance in a fiscal year.

Weaver Beyond the Numbers: Business of Government and Th… →
Q

Should companies appeal their property tax assessments?

Yes; assessors' valuations should be reviewed annually to ensure they align with current market conditions, and proactive appeals can recover substantial overpayments.

Weaver Beyond the Numbers Property Taxes, An Appeal to t… →
Q

How can oil and gas companies recover sales tax?

Sales tax applies to tangible personal property (TPP) in the oil and gas industry; companies should map state-by-state TPP rules to identify overpayments and file recovery claims.

Weaver: Beyond the Numbers: Sales Tax Recovery – Where C… →
Topics:Property tax assessment and appealSingle audits and federal complianceUBIT and nonprofit functional expensesCryptocurrency and blockchain taxationSales tax recovery and state/local tax
Themes:Regulatory change as business planning necessityCompliance as competitive lever, not just costEmerging tax domains (crypto, DAOs) lack clear rules but create real exposure

Industry context

Emerging tax domains like cryptocurrency lack established regulatory frameworks, creating compliance uncertainty and potentially substantial cost exposure for affected industries as rules continue to evolve.

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