Corporate Transparency Act — Beneficial Ownership Information Reporting Requirement
Starting January 1, 2024, many businesses must comply with the Corporate Transparency Act (“CTA). The CTA was enacted into law…
Energy Efficient Home Improvement Credit
Are you considering installing property to make your home more energy-efficient? These improvements may include new building envelope components, such…
IRS Issues Additional FAQ’s on the Employee Retention Credit
BACKGROUND The Employee Retention Credit (ERC), also called the Employee Retention Tax Credit (ERTC), was enacted during the COVID-19 pandemic,…
Changes Coming to 401(k) Catch-up Contributions
Currently, savers ages 50 and older can make catch-up contributions in their 401(k) accounts each year, with eligible workers allowed…
New Tax Break by Giving Some of Your IRA to Charity-Will Also Pay You Fixed Annual Income
As of Jan. 1, 2023, retirees who are 70½ or older will be able to donate up to a maximum…
Preparing For And Providing Expert Witness Testimony
PROFESSIONAL STANDARDS AND NONAUTHORITATIVE GUIDANCE The primary standard related to litigation support services is AICPA Statement on Standards for Forensic…
Loss of Life – Financial Preparation and a Path for Your Executor/Family
It was Benjamin Franklin who famously said “nothing is certain except death and taxes.” As you can imagine, we see…
Setting Every Community Up for Retirement Enhancement 2.0 Act of 2022 (SECURE 2.0)
Key Tax Provisions Increase in Age for Required Beginning Date for Mandatory Distributions (Required Minimum Distributions) from Retirement Plans Under…
Highlights of the Ways & Means Committee Reconciliation Bill Tax Proposals
The House Ways & Means Committee last week released proposed tax law changes being considered by Congress. Many of the…