Will You Need To Report Beneficial Ownership Information?

The Corporate Transparency Act will require most businesses to provide beneficial ownership information to the U.S. Department of Treasury to combat money laundering. Find out who needs to report, what information is required, and when the reports must be submitted.

Two Estate Planning Strategies to Help Protect Wealth

A goal of estate planning is to maximize the wealth that is passed on to one’s heirs. In this video, we’ll discuss how a Spousal Lifetime Access Trust and an Irrevocable Life Insurance Trust may help you minimize estate taxes and protect wealth.

HSA Limits for 2024: a guide to maximize your healthcare savings

Discover the benefits of Health Savings Accounts (HSAs) and how they can help you save on taxes while covering your medical expenses. Learn about the increased contribution limits for 2024 and maximize the potential rewards of this often-underutilized healthcare savings tool.

How CIRCIA aims to help businesses defend against cybersecurity threats

The Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA) requires critical infrastructure organizations to report cyber incidents to the Cybersecurity and Infrastructure Security Agency (CISA) and aims to improve collaboration between public and private sectors to address cybersecurity threats. This article provides an overview of CIRCIA, the Ransomware Vulnerability Warning Pilot, and measures businesses can take to protect against cyberattacks.

Residential energy credits: enhancing efficiency and saving on taxes

Looking to invest in energy-saving measures? Find out how the Inflation Reduction Act of 2022 has increased tax credits for energy-efficient home improvements and residential clean energy property. This article explains eligibility criteria and credit limitations to help taxpayers make informed decisions.

Business Interest Expense: How much can you deduct?

The tax treatment of business interest expense is governed by Section 163(j) which places limits on the amount of interest businesses can deduct on their tax returns based on their income and other factors. Unfortunately, the calculation for determining a company’s limit has changed starting with the tax year 2022 and stands to impact many large businesses negatively.

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