Insights

  With the 2024 tax season in the rearview, now is the time for businesses to look ahead—and for many, 2025 presents a critical turning point. Key provisions from the 2017 Tax Cuts and Jobs Act (TCJA) are set to expire at the end of the year, creating what many...

  As we enter 2025, small businesses must navigate several tax changes that could impact their operations and financial planning. This article outlines key updates and provides actionable insights to help small business owners stay compliant and optimize their...

  As the end of the year approaches, small business owners often feel like they’re racing the clock—tax season is just around the corner, financial reports need to be filed, and the new fiscal year looms ahead. While year-end accounting might seem overwhelming,...

  As we approach 2025, significant tax changes are on the horizon, impacting individuals and businesses alike. These roll-offs present both challenges and opportunities for strategic planning. Below, we outline the key changes and provide helpful suggestions on...

  An audit by the Internal Revenue Service (IRS) or state and local governments can be a source of anxiety and financial strain, especially if non-compliance is found. Restaurants, with their numerous tax obligations and regulations, must be vigilant to ensure...

  The first quarter of 2024 brings some substantial changes to how financial gifts will be taxed moving forward. In this article, we are going to focus on two key changes that may impact how you currently invest funds to support your beneficiaries in the future:...

As 2023 is ending, now is the perfect time to evaluate your business’ tax planning strategy to optimize your returns. While inflation, interest rates, and potential legislation can make it impossible to completely predict the future, establishing a consistent list of...

The Internal Revenue Service (IRS) announced finalized regulations earlier this year on February 23. The regulations significantly expanding mandatory electronic filing of tax and information returns, requiring a majority of all returns filed in or after 2024 to be...

The SECURE Act 2.0 will bring about significant changes to retirement plan contributions and benefits. Among the changes are provisions that will affect automatic enrollment in 401(k) plans, eligibility requirements for part-time employees, and employer contributions...

The SECURE Act was initially released in December 2019 and sought to expand retirement savings coverage and increase savings overall. In late 2022, the Biden administration signed into law the Consolidated Appropriations Act, 2023 including the SECURE Act...