Now that both the initial and extended 2018 filing seasons have passed, it’s time to focus on 2019’s taxes and steps to take to leverage additional savings in the closing months of the year. There are steps that can be made now to improve a taxpayer’s position and create additional
There are a couple tax bills that have been in the works in 2021 that may have a large effect on taxpayers in upcoming years. The two bills that will enact changes are: The Bipartisan Infrastructure Bill (Infrastructure Investment and Jobs Act), signed into law by President Biden
Non-profit organizations play a vital role in our society, providing essential services to those in need and making our communities better and stronger. However, they’re sometimes the most vulnerable to shifts and trends, and the first industry to have to face challenges that could threaten their future. As macroeconomic trends
The Secure Act 2.0 includes several changes that offer opportunities for retirement and tax planning. Signed into law on December 29, 2022, as part of the $1.7 trillion omnibus spending deal, the Consolidated Appropriations Act, 2023, P.L. 117-328. Secure Act 2.0 has over 90 new retirement plan provisions. Convert a
By working together, Fractional and SALT professionals deliver integrated solutions that increase efficiency and value, maximize resources, reduce costs, and help your business thrive. Fractional Accounting and Advisory Services refer to financial and accounting professionals who offer their expertise and services on a recurring scheduled basis. The right fractional resource
Part I: Much needed Guidance for Start-Ups and Operating Businesses The IRS and Treasury issued a second round of proposed rules on April 17, 2019. The second round of Qualified Opportunity Zone (QOZ) guidance includes a total of 169 pages covering topics ranging from additional definitions of the commonly used
During the height of COVID-19, Congress passed several significant Acts to help businesses and non-profits retain their employees. Two major programs emerged from that massive action: the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). Both were instrumental in encouraging organizations to keep people on their payrolls
Help Navigating the Highly Regulated Affordable Housing Industry Are you a private developer or a not-for-profit organization looking to bring affordable housing to a community? It’s pretty likely that you’ve run into the overwhelming complexities that are the U.S. Department of Housing and Urban Development (HUD) and the IRS through
If you do not have a procurement department taking care of the Request for Proposal (RFP) process for you, and especially if cloud-based providers are new to you, here are some tips for planning for the RFP process. (Planning is important; remember the carpenters’ creed: “measure twice, cut once.”) Recognize
The IRS has provided guidance to employers that provide matching retirement plan contributions based on student loan payments – a provision of the SECURE 2.0 Act of 2022. Notice 2024-63 implements Section 110 of the SECURE 2.0 Act of 2022; this section allows employers with a 401(k) plan, 403(b) plan,
How will SBA review good-faith certification of need for PPP Loan? Today, the SBA published more guidance on safe harbors for loan certification for borrowers who received PPP loans less than $2 million, and guidance on certifications for PPP loan borrowers in excess of $2 million. Further guidance is needed
Construction consulting experts FMI released their third-quarter outlook for the construction industry, and as we look at where we’ve come and where we’re headed, 2024 presents an intriguing confluence of growth and challenges. Despite the heightened anticipation of a broader anticipated recession dangling over the U.S. economy, the construction industry