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IRS Provides Broad Penalty Relief for Some 2019, 2020 Returns
The IRS on August 23, 2022, announced it will grant automatic penalty relief for late-file penalties imposed with respect to certain...
1 min read
Inflation Reduction Act Becomes Law
President Biden signed the Inflation Reduction Act into law at a White House ceremony on August 16, finalizing a legislation intended to...
2 min read
Estate Planning Basics to Minimize Taxes
Although it may seem overwhelming, estate planning doesn’t have to be a daunting or complicated process. Even if an estate’s assets are...
2 min read
Is Your Company Effectively Managing Tax Risk?
The concept of “tax risk” is an increasingly important and regular topic of discussion across organizations and in boardrooms, and for...
5 min read
Salary Increase Budgets Jump for Nonprofits
In the face of the “Great Resignation” and rising inflation, organizations are taking a second look at the size of their salary increase...
3 min read
Senate Approves Inflation Reduction Act with Changes to Tax Provisions
Twelve days after Sens. Joe Manchin (D-WV) and Charles Schumer (D-NY) announced that they had reached agreement on a healthcare, climate...
6 min read
Remote Employees’ Transportation and Travel to the Office: Taxable or Nontaxable?
Many businesses are now allowing employees great flexibility to choose their work location. A common work arrangement allows an employee...
5 min read
Qualified Charitable Distributions: What You Need to Know
Most American taxpayers now take the standard deduction when they file federal taxes, which means they can no longer take a deduction for...
2 min read
Year-End Planning for the Solar Energy Investment Tax Credit
Solar energy is a popular choice for businesses looking to reduce their carbon footprint through alternative energy sources. In addition...
4 min read
4 Tips for Working with a Resource- Constrained Internal Revenue Service
Federal tax professionals working to resolve issues with the IRS can attest to the multifaceted impacts of the agency’s resource...
5 min read
Construction Ahead: Opportunities and Challenges in 2022
The Infrastructure Investment and Jobs Act (H.R. 3684) will inject approximately $3 trillion into upgrading and expanding U.S....
5 min read
Planning Tips to Avoid Capital Gains Taxes
Investment securities, real estate, or investment properties are a few assets that qualify for capital gains tax treatment. Unlike income...
3 min read
Implementation Of GASB 87, Leases
In 2017, the Governmental Accounting Standards Board (GASB) issued GASB Statement (GASBS) No. 87, Leases (GASBS 87). GASBS 87 represents...
7 min read
Tax Breaks for Businesses and Self-Employed Taxpayers
It is never too soon to start planning for taxes. Businesses and self-employed taxpayers should make certain they are taking advantage of...
6 min read
Manage Construction Cashflow with these Methods
From seasonal lows to inclement weather to supply chain issues, many factors can disrupt the progress of construction projects. Despite...
2 min read
Families May Be Eligible for the 2022 Connecticut Child Tax Rebate
Connecticut families with children may be eligible for up to $750 ($250 per child up to three children) through the Connecticut Child Tax...
1 min read
How Nonprofits Can Tap into Emerging Corporate Volunteering Trends
When COVID-19 was declared a pandemic, it marked the beginning of a tumultuous time in which uncertainty and confusion reigned. However,...
3 min read
Updated Tax Brackets and Other Changes for 2022
The IRS has released updated tax brackets, standard deductions, and other updates to keep in mind as you plan for 2022 taxes.
3 min read
Four Approaches to Construction Accounting
Construction accounting can be complex. Consider these four approaches when determining which is best for your company.
2 min read
What Businesses Need to Know about Cybersecurity in 2022
Business Leaders are Now Part of the Conversation An estimated 48% of the board are involved in cybersecurity strategy discussions,...
2 min read
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