Updates to the Voluntary Fiduciary Correction Program (VFCP)

2 months ago

The Voluntary Fiduciary Correction Program (VFCP) is overseen by the Employee Benefits Security Administration (EBSA) of the U.S. Department of…

Illinois Adopts New Sales Tax Rules for Leased Equipment

3 months ago

Starting January 1, 2025, Illinois changed how sales tax applies to leased tangible personal property (TPP). Instead of taxing the…

IRS Issues Proposed Rules for Roth Catch Up Contributions

3 months ago

Earlier this month, the IRS issued IR-2025-07 which contains proposed regulations impacting catch up contribution rules. Specifically, there is important…

Essential Changes to the Georgia Investment Tax Credit

3 months ago

The Georgia Investment Tax Credit is an incentive currently being offered by the state to provide opportunities for industrial and…

Understanding the ITC and PTC Tax Credits for 2025

3 months ago

Businesses, nonprofits, and other organizations investing in renewable energy may qualify for two key federal tax incentives that significantly reduce…

DOL Launches Voluntary Retirement Savings Lost and Found

3 months ago

Millions of Americans leave behind retirement accounts every year due to job changes, incomplete records, or failing to roll over…

BOI Reporting Paused Nationwide

4 months ago

On December 3, 2024, a federal court temporarily blocked enforcement of the Corporate Transparency Act (CTA), which requires most U.S.…

Changes to the DOL Overtime Rule

4 months ago

The Department of Labor (DOL) recently appealed a federal ruling that overturned the previously established overtime rules on salary thresholds.…

Potential Tax Changes Post 2024 Election

4 months ago

With the election results finalized, business leaders are preparing for potential shifts in tax policy under the new administration. President-elect…

FinCEN Updates FAQs on BOI Reporting

5 months ago

On October 3, 2024, the Financial Crimes Enforcement Network (FinCEN) released updated Frequently Asked Questions (FAQs) regarding the Beneficial Ownership…