Business and CPA Articles

Embarking on your first employee benefit plan audit can be daunting, but with the right preparation, it becomes a valuable opportunity to enhance your plan’s compliance and operations. This guide offers essential strategies to navigate the audit process, from selecting an expert auditor to understanding your fiduciary responsibilities, ensuring a successful and less stressful experience. Discover the key steps to mastering your first audit and empowering your organization’s benefit plan.

The SECURE 2.0 Act of 2022 is revolutionizing retirement planning with new provisions set to take effect in 2025, enhancing savings opportunities and broadening plan participation. From increased catch-up contributions to expanded eligibility for part-time workers, discover what these changes mean for both employers and employees. Don’t miss out on understanding how these updates could impact your retirement future!

Unlock the hidden value of your real estate investments with cost segregation studies. This powerful strategy accelerates tax depreciation deductions, boosting cash flow and enhancing property profitability. Discover how expert insights and precise asset reclassification can transform your financial landscape in our comprehensive guide.

New guidance on 403(b) plans clarifies rules for long-term, part-time employee inclusion and nondiscrimination compliance.

Cost-of-living adjustments to retirement and fringe benefit plan limits for 2025 have been published by the IRS.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) and related EBITDA adjustments, commonly referred to as addbacks, hold substantial implications for enterprise value. This article will delve into the impacts of EBITDA adjustments on enterprise value, providing key insights into the valuation methodologies driving today’s M&A market.

The Internal Revenue Service (IRS) issued proposed regulations, effective for defined contribution plan years beginning on or after January 1, 2024, clarifying the timing and usage of forfeitures. The Internal Revenue Service (IRS) issued proposed regulations, effective for defined contribution plan years beginning on or after January 1, 2024, clarifying the timing and usage of forfeitures.

We highlight five key tax considerations for industrial merger and acquisition deals.

The evolving retirement plan landscape opens opportunities for companies to review employee compensation packages and consider changes to their plans.

Actions for broker-dealers to take ahead of customer protection rule amendments.

Manufacturers navigate tighter environmental regulation, and those tapping tax credits must understand environmental requirements.

IRS releases guidance on how the FTC and DCL rules will work with the new GloBE Model Rules. The temporary FTC relief period has also been extended.

Learn how to identify early signs of fraud and apply best practices in an internal investigation to reduce the financial impact of fraud.

The third quarter of 2023 saw significant developments in state tax laws that will impact companies’ current and deferred tax provisions. North Carolina’s legislature approved another round of individual and corporate tax reductions in late September. Individual taxpayers should see lower NC tax rates beginning in 2024 and NC’s corporate franchise tax will be capped. There’s also new administrative guidance from South Carolina on the tax treatment of remote workers. This quarter also brings positive news for business taxpayers in Ohio and Texas.

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.

In the complex world of mergers and acquisitions (M&A), a sell-side Quality of Earnings (QoE) report plays a crucial role in determining a company’s financial health and sustainability of its earnings. Far from being an unnecessary expense or an added complexity, a QoE report is a powerful tool that can provide key insights to both potential sellers and buyers, streamline the transaction process, and help maximize sale value.