Update on Retirement Account Minimum Distributions
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax-required minimum ...
IRS Issues Guidance on Tax Treatment of Energy Rebates
The Inflation Reduction Act (IRA) established and expanded numerous incentives to encourage taxpayers to increase their use of renewable energy and ...
Maximize the QBI Deduction Before It's Gone
The qualified business income (QBI) deduction is available to eligible businesses through 2025. After that, it’s scheduled to disappear. So, if ...
5 Common Mistakes in Estate Planning and How to Avoid Them
Putting together an estate plan is one of the most significant actions you can take for yourself and your loved ones. It’s also one of the most ...
Coordinating Sec. 179 Tax Deductions with Bonus Depreciation
Your business should generally maximize current-year depreciation write-offs for newly acquired assets. Two federal tax breaks can help achieve this ...
Inheritance Unplanned: The Unexpected Impact of Taxes on Families
Estate taxes are a complex and frequently misunderstood part of financial planning that can significantly impact the inheritance process. The federal ...
Cash Reserve Policies and Considerations for Cash Management
Nonprofits operate in a complex market full of near-constant challenges and changes. Technology advances, an uncertain economy, changing donor ...
Business Valuation Focuses on Both Quantitative & Qualitative Factors
Selling a company can be a complex and emotional experience, complicated by a number of factors such as unfavorable economic conditions, reluctance ...
President Biden’s Proposed Budget Highlights His Tax Agenda
President Biden has released his proposed budget for the 2025 fiscal year, including numerous tax provisions affecting both businesses and individual ...