UPDATE: FinCEN BOI Reporting NOW ON HOLD
The Fifth Circuit Court of Appeals has vacated its stay, placing the FinCEN BOI filing requirements back on hold. Read More
FinCEN BOI Report Date Now January 13
The Fifth Circuit Court of Appeals immediately reinstated FinCEN BOI filing requirements. But there’s good news—later yesterday, the Treasury Department extended key deadlines to allow more time for compliance. Read More
How 2026 Tax Brackets Would Change if the TCJA Expires
American taxpayers are scheduled to see tax hikes when the temporary tax cuts from the 2017 Tax Cuts and Jobs Act (TCJA) sunset after 2025. Read More
Lines May Blur When it Comes to Estate and Family Business Succession Planning
If you own a closely held business with your relatives involved, and don’t take the proper estate planning steps to ensure that it lives on after you’re gone, you may be placing your family at financial risk. Read More
White House releases fiscal year 2025 proposed budget
President Joe Biden’s proposed FY 2025 budget unlikely to spur action in current Congress but will set course for tax policy discussion Read More
Enhanced Retirement Landscape: Exploring Secure Act 2.0’s Impact on Tax-Favored Plans
The legislative landscape surrounding retirement plans has undergone a significant transformation with the introduction of the Secure Act 2.0. Nestled within Division T of H.R. 2617, known as the "Consolidated Appropriations Act, 2023," this legislation brings forth substantial changes to tax-favored retirement accounts. Read More
Bipartisan Tax Deal Would Expand Credits for Businesses, Children, and Low-Income Housing
Other changes to the credit would include making more of the credit available as a refund and indexing the total credit to inflation starting in 2024. Read More
The Present & Future of CAS for Accounting Firms
More than 20 of the profession’s thought leaders met for the Accounting Meta Influencers roundtable discussion on the present and future of CAS, and what this evolving phenomenon will mean for firms, for professionals, and for clients. Read More
3 Tax-Smart Tactics for Clients With $1 Million or More in Tax-Deferred Investments
Here are some tax planning strategies on how you can keep more of that $1 million for yourself and away from Uncle Sam. Read More
Higher interest rates spark interest in charitable remainder trusts
In addition to an income stream, CRTs offer an up-front charitable income tax deduction, as well as a vehicle for disposing of appreciated assets without immediate taxation on the gain. Read More
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