Webinar - Get Ready for 2025:
Power Your Business for Success!
🗓️ Wednesday, January 15, 2025 🕐 1:00 PM EST ⌛90 Minutes
The IRS has released the 2025 inflation-adjusted contribution limits for retirement plans in Notice 2024-80. While many retirement plan limits will see increases, the adjustments are smaller compared to previous years. As a result, your ability to boost retirement savings may be more restricted, depending on the type of plan you have.
Is Your Company Prepared for ACA Reporting?
If your company offers self-insured medical benefits or has 50+ full-time employees, Affordable Care Act (ACA) reporting to the IRS is mandatory. Failure to report or errors in filing can result in steep penalties.
ACA Reporting for 2024: What You Need to Know
As we approach the next ACA reporting period, it's important to stay ahead of significant updates for the 2024 tax year. While there are no major changes to the forms and codes, there are critical updates you should be aware of:
What is Goodwill Impairment?
Goodwill is an intangible asset that may be linked to such things as a company’s customer loyalty or business reputation. Many companies have internally developed goodwill that isn’t reported on their balance sheets. However, if goodwill is acquired through a merger or acquisition, it may be reported on the buyer’s financial statements.
The IRS recently published final regulations regarding Required Minimum Distribution (RMD) rules. The 260-page document specifies that non-eligible designated beneficiaries must withdraw the full amount from inherited retirement accounts within 10 years of the account holder’s death, rather than over the course of their lifetime.
SECURE 2.0: Eight Provisions You Need to Know About in 2024
The SECURE 2.0 Act, enacted in December 2022, introduced over 90 changes to retirement and tax regulations. While many of these changes will be implemented gradually over several years, there are some that you should start planning for today.
Navigating Taxable Gains and Losses When Selling Assets
What's the difference between capital gains and losses and ordinary gains and losses? Whether you are selling investments, real estate, or other assets, understanding the distinction between capital gains and losses and ordinary gains and losses is crucial to your federal income tax obligations. From maximizing deductions to understanding tax rates, our article covers everything you need to know to make informed decisions when selling assets.
Effective Planning for Private Foundation Grant Distributions
Not-for-profit organizations and the communities they serve depend on the generosity of donors.
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