Insights

IRS updates Frequently Asked Questions policy

IRS updates Frequently Asked Questions policy

IRS changes FAQ policy regarding new tax legislation and offers reliance on FAQs as reasonable cause defense to accuracy-related penalties.
What’s going on with energy prices?

What’s going on with energy prices?

As economies continue to emerge from COVID-19-induced lockdowns, demand has rebounded more than expected, helping fuel the recent rally.
Homebuilders, facing material shortage, can’t meet soaring demands

Homebuilders, facing material shortage, can’t meet soaring demands

Even as the housing market leads the U.S. economic recovery, homebuilders are facing new pressures as they try to meet surging demand.
Child tax credit: Potential game changer for American families

Child tax credit: Potential game changer for American families

One aspect of the American Rescue Plan signed into law in March included an extension of the child tax credit to send aid to families.
Ransomware-as-a-service: A new business model for cybercriminals

Ransomware-as-a-service: A new business model for cybercriminals

Ransomware-as-a-Service (RaaS) is a new business model for cybercriminals, making cyberattacks easier than ever.
Owner Readiness for Business Succession

Owner Readiness for Business Succession

Owner readiness is crucial to successful business succession, but many struggle with this first step. Read more on planning goals.
Managing your personal wealth after leaving a closely held business

Managing your personal wealth after leaving a closely held business

Business succession financial planning requires introspection. You must quantify core capital needs and define estate and charitable goals.
Navigating multistate unemployment tax reporting and remittance

Navigating multistate unemployment tax reporting and remittance

Businesses with multistate employees should understand the reporting and remittance nuances of a complex unemployment taxing regime.
State income tax considerations for remote employees during COVID-19

State income tax considerations for remote employees during COVID-19

Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.
Nine reasons your property tax assessment may not be correct

Nine reasons your property tax assessment may not be correct

Real estate and business personal property taxes, together, are one of the largest generators of state and local tax revenue.
Performing a 401(k) retirement plan self-checkup

Performing a 401(k) retirement plan self-checkup

When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.
Digital assets targeted for substantial tax hikes

Digital assets targeted for substantial tax hikes

The Ways and Means Committee proposed legislation targeting digital assets to increase tax revenue via wash and constructive sales rules.
Bottlenecks in the supply chain

Bottlenecks in the supply chain

The robust economic expansion that is underway is unfolding in a unique fashion, and it is not for the fainthearted.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
FINRA update: Financial and operational rules for broker-dealers

FINRA update: Financial and operational rules for broker-dealers

FINRA has released an update to the Interpretations of Financial and Operational Rules related to SEA Rules 15c3-1 and 15c3-3.