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Acquiring wealth is the first step in building a family wealth enterprise, but only just the beginning. Having access to information that helps you manage the complexities of that wealth and avoid future costly mistakes is critical to long-term success. While many wealthy individuals and families understand investment reporting, which covers the balance sheet side […]

  The U.S. government has repeatedly revised the requirements for U.S. taxpayers to claim the Employee Retention Credit (“ERC”), also commonly known as the Employee Retention Tax Credit, since its initial codification into law. As a result, many eligible taxpayers have been left uncertain as to whether they may properly claim this often-valuable tax credit. […]

Businesses of all types and sizes cannot ignore the rapidly growing power of artificial intelligence (AI) and the many benefits of this advanced technology. When it comes to the gaming and leisure industry, AI can deliver improvements and support success in countless ways, chiefly by enhancing customer experience (CX), enabling predictive analytics and improving operational […]

Healthcare is a major cost in retirement, yet many people don’t plan effectively for it. Fidelity’s annual Retiree Health Care Cost Estimate showed that in 2022, an average retired couple age 65 needs $315,000 (after tax) to pay for expenses, nearly a 5 percent increase from 2021. Many Americans may not be prepared for these […]

In early May, Google released new top-level domains (TLDs): .zip, .app, and .mov. These domains are available for websites to purchase. Malicious actors are registering domains under the new TLDs in hopes of tricking users into unknowingly clicking malicious links. Please forward this communication to your IT representative or website developer for consideration. If they […]

Tax planning for SaaS companies is extremely complicated. Because SaaS products and services could conceivably be used in every U.S. state, companies need a strong understanding of state and local tax (SALT) obligations and how they vary from state to state. Fortunately, tools exist to help companies achieve and maintain compliance with the full scope […]

The IRS recently cautioned employers that the tax-free status of all benefits provided under their Internal Revenue Code (IRC) Section 125 cafeteria plan could be lost if employees are allowed to self-certify or use shortcut methods to substantiate reimbursable expenses. Failure of the substantiation requirements for any plan benefit causes the amount of all benefits […]