The cryptocurrency world is evolving quickly, and like many hopeful investors, I have taken the plunge. For the uninitiated, cryptocurrency is considered “the money of the future” because it’s digital, global, and unregulated for now.
The ripple effect of the landmark Wayfair decision (“South Dakota vs. Wayfair”) continues to confound CFO’s, accountants, and financial analysts throughout the US. In Part One of our series on the evolution of multi-state tax
On November 15, 2021, President Biden signed the $1T infrastructure bill to upgrade roads, bridges, transit, broadband, and more. While many tax practitioners have focused on what’s in the bill, including cryptocurrency reporting, the expiration
Executive Summary Year-end tax planning not only provides an estimate of your 2021 tax liability, it can also reveal opportunities to lower your overall tax liabilities! For cash basis taxpayers, defer income and accelerate expenses,
Three years after the game-changing Wayfair decision from the Supreme Court, companies operating in multiple states still struggle to comply with state laws regulating the collection and remittance of sales tax. The new “economic nexus”
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
