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Does Your Estate Plan Consider Generation-Skipping Transfer (GST) Tax Surprises?

If you want to share some of your wealth with your grandchildren or great grandchildren — or if your estate plan is likely to benefit these generations — it’s critical

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Preventing Executive Fraud In Your Organization

Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is when crime

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Important IRS Rules Regarding Non-Profit Auction Fundraisers

Whether you host an in-person, hybrid, or virtualauction to raise funds for your non-profit, you should be careful to adhere to tax requirements. For example, you should provide written acknowledgments

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Notable Tax Provisions Included In President Biden’s Proposed Budget

President Biden has released his proposed budget for the federal government for the 2024 fiscal year. The budget aims to cut the deficit by nearly $3 trillion over 10 years

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Watch Out For The Approaching 2022 Gift Tax Return Deadline

Did you make large gifts to your loved ones or other heirs last year? If so, it’s important to determine whether you’re required to file a 2022 gift tax return.

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Is Your Research & Experimental (R&E) Expense Strategy Aligned With Changes To Section 174?

The Tax Cuts and Jobs Act (TCJA) of 2017 was signed into law a few years ago. However, it’s impact is ongoing. Several provisions in the law have expired or

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Know The Difference Between An Investment Opportunity & Ponzi Scheme

While the ‘investment opportunity’ that was just pitched to you could be a legitimate way to get in on a newly launched, soon-to-be profitable business, it also could be a

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Develop The Talent You Already Have Through Coaching

Finding new, skilled talent rather than developing present employees can be costly. Therefore, companies turn to coaching earlier as a method for developing their employees’ potential. People also are changing

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How Do Auditors Verify Account Balances & Transactions?

Understanding how auditors verify account balances and transactions is important as it can help organizations reduce disruptions during audit fieldwork and potentially boost the effectiveness of financial statement audits. Here’s

U.S. Supreme Court Rules Against The IRS On Critical FBAR Issue

A provision of the Bank Secrecy Act (BSA) that has split two federal courts of appeal has recently been addressed by the U.S. Supreme Court. Its 5-4 ruling in Bittner