News

Dec 12

Strategies to Adapt to the New Tax Landscape for 2025

With the contentious 2024 elections concluded, attention now turns to President-elect Donald Trump’s economic and tax agenda. With...

Nov 22

How Companies Can Thrive Amid Political and Market Shifts in 2025

As businesses navigate a rapidly changing landscape influenced by shifting political forces, advancements in artificial intelligence...

Nov 6

How Professional Athletes Can Prepare for Changing Deductions and Tax Impacts

With the provisions of the Tax Cuts and Jobs Act (TCJA) set to expire in just over a year, taxpayers and tax professionals are closely...

Oct 2

6 Key Retirement Rule Changes for 2024 and 2025

The retirement landscape is rapidly changing with new rules and tax laws impacting retirement account contributions and withdrawals....

Sep 21

Key BOI Reporting Rules Explained as 2025 Deadline Approaches

As the January 1, 2025, deadline for Beneficial Ownership Information (BOI) reporting approaches for entities formed before January 1,...

Sep 4

IRS Ramps Up Enforcement on Large Partnerships

The Internal Revenue Service (IRS) is intensifying its scrutiny of large partnerships, leveraging additional funding provided by the...

Aug 22

IRS Balances ERC Claim Approvals and Fraud Prevention Efforts in 2024

The Employee Retention Credit (ERC) program was initially established to help businesses retain employees during pandemic shutdowns....

Aug 9

Advisors Brace for Impact of IRS Inherited IRA Rule Changes

The IRS has officially ended any remaining hope of revising its new guidelines for inherited individual retirement accounts (IRAs),...

Aug 2

Candidate Swap Sparks Economic Uncertainty Pre-Election

The unexpected replacement of the Democratic presidential candidate less than four months before the U.S. election has introduced...

May 2

Supreme Court to Rule on Life Insurance in Estate Valuation

In its second significant tax policy case this term, the Supreme Court is tackling a complex issue concerning the valuation of life...

Apr 9

Guiding Wealth Transfer with Values-Based Planning

We're in an era termed the Great Wealth Transfer, with Baby Boomers set to pass an estimated $84 trillion to younger generations by 2045,...

Mar 22

Navigating Tax Challenges in the Era of Global Remote Work

The rise of remote working, accelerated by the COVID-19 pandemic, has fundamentally altered how businesses operate, prompting a...

Feb 23

JetBlue Airways Announces CEO Transition Amidst Crucial Merger Decisions

On January 8th, 2024, Robin Hayes, CEO of JetBlue Airways, announced his resignation from the role after approximately nine years of...

Feb 12

IRS to Update R&D Tax Regulations

The Internal Revenue Service (IRS) and the Treasury Department have recently announced their plan to propose new regulations concerning...

Jan 26

Proactive Estate Planning: Essential Steps to Take Now

Estate planning is often postponed until it's too late, despite changes in tax laws or potential lawsuits. Procrastination can lead to...

Jan 20

Bipartisan Tax Deal Proposes Business Breaks

In a significant bipartisan move, U.S. lawmakers, spearheaded by Senator Ron Wyden (D., Ore.) and Representative Jason Smith (R., Mo.),...

Jan 5

IRS Launches ERC Rectification Program

The Internal Revenue Service (IRS) has initiated a voluntary disclosure program targeting businesses that erroneously claimed the...

Dec 8, 2023

Wealth Tax Debate Over $14,729 Refund

The U.S. Supreme Court's review of a significant tax case raises questions about the constitutionality of a wealth tax on America's...

Nov 16, 2023

IRS Grapples with Persistent Issues Amid Funding Surge

The Internal Revenue Service (IRS) is working to overcome numerous challenges, a task that the extra funding from the Inflation Reduction...

Oct 31, 2023

IRS Counters ERC Scams with Withdrawal Process

The Internal Revenue Service (IRS) has introduced a solution for employers to retract inaccurate Employee Retention Credit (ERC) claims,...