Effective January 1, 2024 – MANDATORY REPORTING The Corporate Transparency Act (“CTA”) enacted in 2021 requires many companies doing business in the United States to report...
Beneficial Ownership Information Reporting Requirement
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Blog
6 Tax Angles to Layoffs
After a robust job market over the last few years, layoffs are now on the rise. Through November 2023, employers have announced nearly 690,000 job cuts this year, an increase of...
5 Ways Financial Advisors Can Help Start-Ups Succeed
Every business starts with a "seed" idea that germinates into a fledging business under the right conditions. The decisions that owners make when launching a start-up will impact...
7 Tax Breaks for Parents
It's challenging and expensive to be a parent. The average annual cost of raising a child in the United States is $21,681, after factoring in tax exemptions and credits,...
Leveraging AI to Add Value to Your Business
Artificial intelligence (AI) has been around for years. In November 2022, however, the technology became more broadly used by the general public with the advent of Chat...
FAQs about SE Tax
Entrepreneurs and others who work for themselves are often on the hook for significant federal self-employment (SE) tax, in addition to federal and state income taxes. Here are...
Risk Management: 8 Ways to Reduce Business Insurance Costs
How much money is your business spending on insurance products? Insurance is often a major business expense, and it can be a lifesaver when the unexpected happens. However,...
Deciding When to Transfer Wealth: Factors to Consider
Should you transfer wealth during your lifetime or transfer it to heirs after your death? Answering this question can be complicated because many factors are involved. For...
M&A Reminder: Earnouts Bring Critical Tax Considerations
Merger and acquisition (M&A) activity is widely expected to pick up this year, after a lull in 2022. Amid economic uncertainty, earnouts are likely to play a big role in many...
Saving for Your Child’s Education? Consider a Custodial Account
If you're looking to save for your child's or grandchild's education, you may have several options, including 529 plans, Coverdell education savings accounts (ESAs) and IRAs. But...