THOUGHT LEADERSHIP /

ALERTS & ARTICLES

Nov

01

2023

Corporate Transparency Act Implements New Beneficial Ownership Information Reporting Requirements

The Corporate Transparency Act (CTA) expands anti-money laundering laws and creates new reporting requirements for certain companies doing business in the United States. Beginning in 2024, many small businesses will be required to report information about their beneficial owners to the Financial Crimes Enforcement Network (“FinCEN”) to create a database for national security and law […]


Mar

28

2023

Business Tax Deductions for Energy-Efficient Construction are Enhanced in 2023

Mitigating the adverse effects of climate change is one of the primary goals of the Inflation Reduction Act (IRA) enacted in 2022. The federal legislation is packed with tax incentives, including the significant expansion and extension of two tax deductions for energy-efficient construction. Download PDF > Sec. 179D Deduction Changes in the Inflation Reduction Act […]


Mar

13

2023

Tax Deadlines Extended to October 16

In an effort to provide relief to those who suffered through recent winter storms, the IRS and California FTB have announced that many tax deadlines for affected Californians have been extended to October 16, 2023. Who does this impact? Most California individuals, businesses, and tax-exempt organizations are eligible for tax filing and tax payment extensions. […]


Feb

24

2023

2023 Federal Tax Calendar

To help you make sure you don’t miss any important 2023 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us know if you have any questions about the deadlines or would like assistance in meeting them. IRS extended return filing and […]


Feb

24

2023

HLB’s 2023 Global Business Leaders Survey Looks for Silver Linings Amidst a Stormy Global Environment

HLB International, the global advisory and accounting network, recently released its latest annual leaders survey, which included nearly 600 participants from 60 countries. The major theme for 2023 is how to best steer through a “permacrisis” of economic and political uncertainties. Download PDF > A Continued Demand for Innovation The new report, entitled “Leading Through […]


Dec

20

2022

IRS Announces 2023 Cost of Living Adjustments

The IRS recently issued its 2023 cost-of-living adjustments for more than 60 federal tax provisions. With inflation up significantly this year, many amounts increased considerably over the 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these 2023 adjustments into account. Download PDF > Individual Income Taxes Tax-bracket thresholds increase […]


Dec

09

2022

Proposed Regulations for Inherited IRAs and the 10-Year Rule Bring Unexpected Clarification to Beneficiaries

Recently proposed regulations covered numerous topics, but one of the most noteworthy is an unexpected interpretation of the so-called “10-year rule” for inherited IRAs and other defined contribution plans. If finalized, these regulations could lead to larger tax bills for certain beneficiaries. Download PDF > Back in late 2019, the first significant legislation addressing retirement […]


Nov

29

2022

Multiple New Tax Incentives in the CHIPS and Inflation Reduction Acts

The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) provides generous federal tax incentives to increase domestic production of semiconductors, while the Inflation Reduction Act (IRA) includes significant provisions related to climate change, providing federal energy related tax credits. Download PDF > Overview of the 2022 CHIPS Act The CHIPS Act combines […]