Employee stock ownership plans (ESOPs) can be one of the most powerful strategies for strengthening your company’s future—whether you’re planning an eventual ownership transition, seeking ways to retain top talent, or looking to build a stronger culture and a more sustainable business model. But ESOPs come with unique accounting, tax,
Big Challenges Deliver Golden Opportunities In good times and bad, your industry steps up to make sure people get the things they need. You haul fresh food to grocery stores and medical supplies to hospitals. Rain or shine, 24/7. All while dealing with increased fuel costs, labor challenges, new safety
As the Build Back Better Act continues to unfold, more proposals are being revealed to the public – and many major changes are expected to become law. And one area expected to be highly impacted is retirement accounts for high-net-worth individuals. Who’s impacted – and how? As stated above, the
If you are a Reporting Entity, this is a reminder that the Beneficial Ownership Information Reporting (BOI) form is due by December 31, 2024. Below, you’ll find a summary of BOI and how to determine whether your company or organization may have a filing requirement. The BOI is filed electronically
The IRS announced that beginning May 28, 2024, it will begin accepting applications for the next $6 billion of qualifying investments in the advanced energy project credit program under section 48C(e). The program established a total of $10 billion in tax credits to be allocated, with the first $4 billion
Late in the evening of March 25th, 2020, the Senate approved the Coronavirus, Aid, Relief, and Economic Security (CARES) Act. This blog is a part of our series of blogs that we’re posting to bring awareness to the third round of COVID-19 relief. This blog will highlight some of the
Changes to catch-up contribution rules stemming from the SECURE Act 2.0 are mind-blowing – and now’s the time to figure out how you’re going to adjust your strategy for the new policies. Here’s what you need to know. How catch-up contributions work now Under current regulations, the typical 401(k) contribution
Can’t watch the video? Get the transcript. Our top non-profit tax pros unpack common errors and misconceptions they see in non-profit tax Form 990 filings, how to avoid issues that can negatively affect your non-profit – and how the Form 990 can serve as a tool to help your organization
A Focus on Financial Health Skyrocketing costs, labor shortages, supply chain tangles, new restrictions and regulations, and a growing need for cybersecurity all add up to potentially huge losses in the healthcare industry. Solid financial management has never been more important. Our team stays on top of the challenges
Give the People What They Want Technology has made it easier, faster, and more affordable than ever for people to buy the things they need. But technology is a mixed blessing for many wholesale & distribution companies. It’s accelerated their already fast-paced industry. It’s also helped create new competition. Major
On March 27, 2020, the President signed the $2.2 trillion Coronavirus, Aid, Relief, and Economic Security (CARES) Act. Listed below are the tax highlights of the legislation. For individuals Recovery checks for individuals Each individual with income under $75,000 single or $150,000 for married filing joint, will receive a check
Inventory level issues have impacted automobile dealerships at a historic rate – not only new vehicles for sale, but also used ones available. And yet dealerships are seeing record profit levels thanks to creative new ideas and strategic business practices. One key idea that auto dealerships should consider now is