FASB Issues Guidance on Common Control Leases

…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…

Corporate W-2 Tax Reporting Affected by SECURE Act 2.0

…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…

2024 Tax Update – Keiter Knowledge Sharing

Key tax considerations for businesses and executives in 2024 Keiter’s 2024 tax seminar provided valuable insights into upcoming tax changes, the Corporate Transparency Act, and practical tax planning strategies. Below…

2023 Cryptocurrency Reporting Requirements

…exchanges/platforms will have to file Form 1099-B itself (modified to include digital assets) or some other, new IRS form. Other Considerations for Cryptocurrency Customers In addition to collecting information list…

Keiter’s 2023 Not-for-Profit Update

…additional analysis and develop estimates and policies that should be documented and supportable. Additional disclosures in the financial statements will also be necessary. Ongoing considerations for leases Financial statement presentation…

Debt Modifications: A Refresher

Appropriate Accounting for Debt Modifications as a Result of COVID-19 This article is Part 1 of two articles to assist business owners and managers with debt and lease modification guidance….

How to Re-Contribute 529 Plan Refunds

…https://www.irs.gov/pub/irs-drop/n-18-58.pdf Additional Resources Read our article, 529 Plans: Benefits and New Tax Incentives, for more 529 plan considerations, including state-specific tax benefits derived from using QTPs for higher education expenses…