…consult an accountant, tax attorney, legal counsel, or the IRS as there are numerous property and tax considerations. Part 3 of the Application also requires submission of a CPA cost…
By Brittany Raecke, Tax Senior Associate | Family, Executive & Entrepreneur Advisory Services Team What You Need to Know About Changes to the Child Tax Credit With the passing of…
…CPA and Ryan Beethoven-Wilson, CPA provided attendees with important tax considerations to keep in mind when working with business owners. Here are six key takeaways from their business tax seminar:…
…the medical industry involves several critical considerations for both buyers and sellers. Understanding how to allocate, amortize, and report goodwill, as well as recognizing the implications of personal goodwill and…
…financial reporting requirements might be different. Fair Market Value Considerations Question 1: Item Donation Acknowledgement Can a nonprofit organization include the Fair Market Value (FMV) amount in the acknowledgement letter…
…of the Construction Industry CPAs and Consultants Association (CICPAC). CICPAC members work together to stay ahead of emerging issues affecting contractors, including: Industry financial benchmarks and trends Compensation and workforce…
…and amortization. The ATI calculation then became tax EBIT, which in turn, caused many real estate professionals, developers, and construction contractors subject to the limitations. How the OBBBA reframes EBITDA…
…as they carry out their mission. Below is an overview of each vehicle and the key considerations when deciding between a private foundation or a donor-advised fund. What is a…
…build on the Tax Cuts and Jobs Act (TCJA), the legislation also introduces new income-based limitations, deduction thresholds, and planning considerations that make proactive tax strategy increasingly important. A common…
Considerations for planning to meet your philanthropic goals Qualified Charitable Distributions (QCD) are a valuable tax planning technique for individuals over age 70.5 to meet their philanthropic goals, utilizing a…
…does not solve some of the more difficult considerations these entities may face, such as determining the appropriate lease term to use in a perpetual related party lease or determining…
…Employee Pension (SEP) Individual Retirement Arrangements (IRAs) Optional treatment of employer nonelective or matching contributions as Roth contributions Overview of the W-2 tax reporting considerations Designated Roth nonelective contributions and…