For any investor evaluating a company’s viability, CEO considering expansion, or business leader trying to demonstrate transparency, the Systems and Operational Control (SOC ) report is an often overlooked tool to assess the health and
In this rapidly changing economic climate, business owners, family offices, and high net worth individuals are bracing for seismic reforms in the US tax code and a stricter regulatory environment. Concerns over President Biden’s tax
New Florida residents or others considering a move to the Sunshine State (or other states with no personal income tax) from New York should not be surprised to learn that the New York Department of
Many states are extending individual tax due dates to conform with federal due dates. Download our helpful chart to help you keep track! Specific state rules are updating frequently and tax filing decisions should be
The US government’s response to COVID -19 included massive stimulus funding along with cumbersome and rushed guidance that confused even the most conscientious business owner. With another round of stimulus on the table, businesses that
In today’s increasingly-virtual world, businesses that offer employee benefit plans regulated by The Employee Retirement Income Security Act of 1974 (ERISA) must have updated policies and procedures for electronic handling and transfer of private and
As individual income tax preparation kicks off, new laws are causing confusion and adding complexity — all while trying to provide economic relief. Economic Impact Payments (known as stimulus checks) received in 2020 and/or 2021
We are getting a lot of calls and emails from clients about the new round of PPP Loans and about forgiveness of the first round. Certain banks are opening portals this week and more will
As part of the Covid-19 relief passed earlier this year, Congress made charitable donations to qualifying charities more tax beneficial than ever. Qualifying charities are public charities under Section 501(c)(3), but not Donor-Advised Funds, supporting
Real estate professionals listen up. The 2020 CARES Act enables you to generate losses that can result in significant tax savings. You qualify as a Real Estate Professional (REP) if you can demonstrate 750 hours
To Our Clients and Friends: 2020 has certainly been an interesting year! Between COVID-19 and the election there has been an enormous amount of uncertainty. With the end of the year approaching, tax planning is
Are you confident with your retirement plan? Are you ready for a divorce, an illness, a new hire or a merger? Healthcare units across the country are prepared for these various scenarios, in part because
