Businesses must navigate year-end tax planning with new tax laws potentially on the horizon
November 12, 2021 Knowledge Center
Businesses must navigate year-end tax planning with new tax laws potentially on the horizon

The end of the tax year is fast approaching for many businesses, but their ability to engage in traditional year-end planning may be hampered by the specter of looming tax legislation. The budget reconciliation bill, dubbed the Build Back Better Act (BBBA), is likely to include provisions affecting the taxation of businesses — although its […]

Potential tax law changes hang over year-end tax planning for individuals
November 11, 2021 Knowledge Center
Potential tax law changes hang over year-end tax planning for individuals

As if another year of the COVID-19 pandemic wasn’t enough to produce an unusual landscape for year-end tax planning, Congress continues to negotiate the budget reconciliation bill. The proposed Build Back Better Act (BBBA) is certain to include some significant tax provisions, but much uncertainty remains about their impact. While we wait to see which […]

The Infrastructure Investment and Jobs Act includes tax-related provisions you’ll want to know about
November 9, 2021 Knowledge Center
The Infrastructure Investment and Jobs Act includes tax-related provisions you’ll want to know about

Almost three months after it passed the U.S. Senate, the U.S. House of Representatives has passed the Infrastructure Investment and Jobs Act (IIJA), better known as the bipartisan infrastructure bill. While the bulk of the law is directed toward massive investment in infrastructure projects across the country, a handful of noteworthy tax provisions are tucked […]

Data visualization: A picture is worth 1,000 words
November 9, 2021 Knowledge Center
Data visualization: A picture is worth 1,000 words

Graphs, performance dashboards and other visual aids can help managers, investors and lenders digest complex financial information. Likewise, auditors also use visual aids during a financial statement audit to quickly identify trends and anomalies that warrant attention. Powerful tool Your auditor uses many tools and techniques to validate the accuracy and integrity of your company’s […]

Protect your business with a cybersecurity assessment
November 8, 2021 Knowledge Center
Protect your business with a cybersecurity assessment

Years ago, it may have seemed like only government agencies with top-secret intel or wealthy international banks had to worry about hackers. Nowadays, even the smallest small business could see its reputation ruined by a data breach, while larger companies could have their sensitive data taken hostage in a ransomware attack that costs millions to […]

IRS information letters share helpful details on HDHPs + HSAs
November 5, 2021 Knowledge Center
IRS information letters share helpful details on HDHPs + HSAs

Many employers have found value in combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The IRS recently published two information letters — Letter 2021-0008 and Letter 2021-0014 — that provide some helpful details on the applicable rules. Claim of mismanagement The first letter responds to an inquiry by an HSA account holder who […]

Estate planning for the young and affluent can be tricky
November 4, 2021 Knowledge Center
Estate planning for the young and affluent can be tricky

Events of the last decade have taught us that tax law is anything but certain. So how can young, affluent people plan their estates when the tax landscape may look dramatically different 20, 30 or 40 years from now — or even a few months from now? The answer is by taking a flexible approach […]

Future of Business Management | Trusted Advisor
November 4, 2021 In the News
Future of Business Management | Trusted Advisor

Trusted Advisor names Michael Kaplan and Justine Ruffalo on the Future of Business Management list – a holistic and all-encompassing collection of the most inspirational, successful and innovative business managers in the country.

Typosquatters are leading innocent victims astray
November 3, 2021 Knowledge Center
Typosquatters are leading innocent victims astray

Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting is a type of social engineering that tricks people into visiting websites they didn’t intend to visit. These schemes can harm both consumers and the […]

Actively look for fraud and reduce financial losses
November 2, 2021 Knowledge Center
Actively look for fraud and reduce financial losses

The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than others. In general, passive methods, such as accidental discovery or notification by police, coincide with longer-running schemes and higher financial costs. To nab dishonest employees quickly and […]

You may owe “nanny tax” even if you don’t have a nanny
November 1, 2021 Knowledge Center
You may owe “nanny tax” even if you don’t have a nanny

Have you heard of the “nanny tax?” Even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener or other household employee (who isn’t an independent contractor) may make you liable for federal income and other taxes. You may also have state tax obligations. If you employ a household […]

EEOC updates guidance on employer COVID-19 vaccine incentives
October 29, 2021 COVID-19
EEOC updates guidance on employer COVID-19 vaccine incentives

The U.S. Equal Employment Opportunity Commission (EEOC) recently updated its guidance on employer incentives related to encouraging employees (and their family members) to get vaccinated against COVID-19. In a Q&A format, the guidance addresses compliance issues under the Americans with Disabilities Act (ADA), the Genetic Information Nondiscrimination Act (GINA) and other federal employment nondiscrimination laws. […]