insights
Blog Posts
We provide our clients with the most up-to-date industry insights on a wide range of relevant topics.
IRS Suspends Processing of ERTC Claims
9/21/23 11:39 AMIn the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immed...
IRS Issues Guidance on New Retirement Catch-Up Contribution Rules
9/15/23 6:43 AMIn December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Amo...
Important Update on Depreciating Business Assets for 2023
9/6/23 6:55 AMThe Tax Cuts and Jobs Act liberalized the rules for depreciating business assets. However, the amounts change every year...
Divorcing Business Owners Should Pay Attention to the Tax Consequences
8/28/23 10:24 AMIf you’re getting a divorce, you know the process is generally filled with stress. But if you’re a business owner, tax i...
Guaranteeing a Loan to Your Corporation? There May Be Tax Implications
8/23/23 9:32 AMLet’s say you decide to, or are asked to, guarantee a loan to your corporation. Before agreeing to act as a guarantor, e...
Should Your 401(k) Help Employees with Emergencies?
8/14/23 11:10 AMThe SECURE 2.0 law, which was enacted last year, contains wide-ranging changes to retirement plans. One provision in the...
IRS Provides Transitional Relief for RMDs and Inherited IRAs
7/31/23 6:45 AMThe IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which ...
A Tax-Smart Way to Develop and Sell Appreciated Land
7/24/23 9:14 AMLet’s say you own highly appreciated land that’s now ripe for development. If you subdivide it, develop the resulting pa...
2023 Q3 Tax Calendar: Key Deadlines for Businesses and Other Employers
6/19/23 7:51 AMPrepare Your Business with These Q3 2023 Tax Deadlines Here are some of the key tax-related deadlines affecting business...
Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions
6/12/23 12:50 PMYour business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rath...