News

Considerations for a Successful Private Equity Exit

Posted December 10, 2024

After a period of slower deal activity, middle market mergers and acquisitions (M&A) are showing signs of resurgence, with data from PitchBook’s Q2 US PE Middle Market Report indicating a 12% increase in the first half of 2024 compared to the same period in 2023. This momentum is likely to continue — following a […]

Federal Court in Texas Suspends BOI Reporting Requirements Under Corporate Transparency Act

Legislation Year End Planning

Posted December 6, 2024

The January 1, 2025, Corporate Transparency Act (CTA) reporting deadline has been halted. At this time, businesses are no longer required to comply with these federal reporting obligations. On December 3, 2024, a federal court in Texas issued a preliminary injunction suspending the enforcement of the Corporate Transparency Act. The Act required businesses to […]

Cash Reserves and Business Stability: Building Financial Resilience

Advisory Industry

Posted December 3, 2024

Running a business is no easy feat. Every day, you’re juggling several different things—keeping customers happy, managing operations, thinking about growth—sometimes, it can feel like things are going great, and other times… not so much. That’s the thing about business: It’s unpredictable. That’s why having cash reserves in place can make all the difference. […]

IRS Stops Automatic Penalties for Late Forms 3520 that Report Foreign Gifts, Revises Penalty Policy for Forms 3520 and 3520-A

Legislation

Posted November 22, 2024

IRS Commissioner Danny Werfel announced at a tax conference on October 24 that the IRS has ceased its practice of automatically imposing penalties for late submissions of Form 3520, Annual Return to Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, that report foreign gifts in Part IV. The commissioner noted that, […]

The Manufacturer’s Guide to Maturing Your Privacy and Data Protection Program

Industry Articles Legislation

Posted November 21, 2024

For manufacturers, a robust privacy and data protection program has transitioned from being optional to being essential. There are currently 19 states that have enacted data privacy and data security laws, many of which are likely to impact manufacturers. There are several other states that have not yet passed or enacted comprehensive privacy laws […]

1099 Reporting

Tax Tips Year End Planning

Posted November 20, 2024

The Internal Revenue Service requires businesses to submit informational returns when certain payments (or withholding) are made during the year. The following is a summary of filing requirements for some of the different 1099 forms, the due dates, and possible penalties for incorrect filing. Employee v. contractor: Which is right (and legal) for your […]

Tax Compliance for State and Local Credits and Incentives

Advisory Tax Tips

Posted November 19, 2024

State and local tax (SALT) credits and incentives can play an important role in a company’s tax strategy. But before tax leaders apply for any such programs, they need to be sure they understand all relevant compliance requirements and have a reliable, well-developed tax compliance structure in place. Complying with SALT credits and incentives […]

AI in Real Estate

Industry Industry Articles Real Estate

Posted November 18, 2024

How AI is Enhancing the Back Office Artificial intelligence (AI) is fast evolving from an experimental, emerging technology to a critical tool for real estate firms. In 2023, a survey of 750 real estate CFOs reported: 97% of real estate firms were actively interested in AI 14% were already using AI 28% were in early-stage […]

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Advisory Year End Planning

Posted November 14, 2024

As we approach the close of 2024, here are some timely updates and planning opportunities for cross-border businesses, their owners, and families with global ties. Updates and planning for businesses: Beneficial Ownership Information (BOI) Existing businesses have until January 1, 2025, to file their initial BOI reports. This is not part of a tax […]

Year-End Updates and Planning Considerations for Business Owners

Tax Tips Year End Planning

Posted November 13, 2024

With 2025 fast approaching, businesses must brace for critical tax changes and new filings. Several provisions from the Tax Cuts and Jobs Act (TCJA) will expire, impacting planning for estate taxes, depreciation, deductions, and tax credits. To help business owners prepare for these changes and capitalize on current opportunities, strategic tax planning is essential. […]

The Connelly Case: How Life Insurance Policies Impact Your Estate’s Value

Advisory Legislation

Posted November 13, 2024

Written by: Matt Roetcisoender, CPA, CVA When it comes to estate planning, many business owners carefully set up strategies to protect their wealth and minimize taxes. Recently, however, the Connelly v. United States case brought a new consideration to light: A corporation that owns a life insurance policy on a shareholder may significantly increase […]

Guide to Selling Your Technology Business

Industry

Posted October 24, 2024

Selling a technology company can be a complex and time-consuming process that requires careful planning, preparation and execution. In today’s market, you’re dealing with sophisticated buyers across the table and a myriad of due diligence requirements. Business owners must be well-prepared and well-advised to ensure a successful transaction. Even the most seasoned and sophisticated […]

Featured Posts

Update on BOI Reporting Requirements: Injunction Reinstated

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Year-End Updates and Planning Considerations for Business Owners

Considerations for a Successful Private Equity Exit

Federal Court in Texas Suspends BOI Reporting Requirements Under Corporate Transparency Act

Cash Reserves and Business Stability: Building Financial Resilience

IRS Stops Automatic Penalties for Late Forms 3520 that Report Foreign Gifts, Revises Penalty Policy for Forms 3520 and 3520-A

The Manufacturer’s Guide to Maturing Your Privacy and Data Protection Program

1099 Reporting

Tax Compliance for State and Local Credits and Incentives

AI in Real Estate

2024 Tax Updates & Planning for Cross-Border Businesses and Global Families

Year-End Updates and Planning Considerations for Business Owners

The Connelly Case: How Life Insurance Policies Impact Your Estate’s Value

Guide to Selling Your Technology Business

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