THOUGHT LEADERSHIP /

ALERTS & ARTICLES

Feb

05

2024

2024 Federal Tax Calendar

Reference this tax calendar to learn the 2024 deadlines for various tax-related forms and payments. DATE 2024 FEDERAL TAX DEADLINE FOR January 31 Individuals: Filing a 2023 income tax return (Form 1040 or Form 1040-SR) and paying tax due, to avoid penalties for underpaying the January 16 installment of estimated taxes. Businesses: Providing Form 1098, Form 1099-MISC (except for those […]


Jan

26

2024

Gift and Estate Tax Exemption Increases For 2024

2024 Annual Gift Tax Exclusion Increase The annual gift tax exclusion is designed to allow taxpayers to give a certain amount to recipients without paying any federal estate or gift tax or reducing the taxpayer’s lifetime gift and estate exemption. In 2024, the individual gift tax exclusion is $18,000 per recipient, up from $17,000 in […]


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 […]