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The IRS updates its defintion of digital assets for tax purposes

The IRS updates its defintion of digital assets for tax purposes

The Internal Revenue Service (IRS) has slightly changed the wording of the tax forms for the 2022 tax year regarding the declaration of cryptocurrency transactions by taxpayers. Learn more about the change.
Remote work pay strategies that account for geographic differences

Remote work pay strategies that account for geographic differences

How to develop effective remote worker pay policies and strategies that account for different costs of labor and costs of living across various locations.
Proposed regulations on using forfeitures in retirement plans

Proposed regulations on using forfeitures in retirement plans

Proposed regulations REG-122286-18, released Feb. 24, provide guidelines for plan administrators to use forfeited amounts in retirement plans.
Properly Funding Your Living Trust

Properly Funding Your Living Trust

Failing to properly fund a living trust is one of the most common errors people make and can lead to unintended consequences and added costs for both the individual and their beneficiaries. In this video, we'll provide an overview of how to properly fund a living trust.
Business spending on equipment rose in January

Business spending on equipment rose in January

Investments in business equipment posted a sharp rebound in January after two consecutive months of disappointing declines.
R&D continues its losing streak in court

R&D continues its losing streak in court

IRS continues to win cases challenging the research and development (R&D) credit. Specificity and supporting documentation remain tantamount to sustaining R&D credits.
R&E Expense Amortization Got You Down?

R&E Expense Amortization Got You Down?

Now that Research & Experimentation expenses must be amortized over several years, many companies are looking for ways to increase deductions and reduce taxable income. Here are three opportunities to potentially accelerate depreciation and reduce your tax liability.
U.S. inventories are growing at twice the rate of sales

U.S. inventories are growing at twice the rate of sales

The surge in inventories raises the risk that firms will be caught with excess supplies just as demand begins to slow down this year.
Retirement plan changes for long-term, part-time employees

Retirement plan changes for long-term, part-time employees

SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
Required minimum distributions after SECURE 2.0

Required minimum distributions after SECURE 2.0

SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
How the dairy industry can build a resilient supply chain

How the dairy industry can build a resilient supply chain

With continued uncertainty on the horizon, dairy companies can leverage technology to prepare for potential disruptions in their supply chain.
Expired and expiring tax provisions that may impact you and your business

Expired and expiring tax provisions that may impact you and your business

The Tax Cuts and Jobs Act of 2017 made several sweeping changes to the tax code. However, many provisions contained a “sunset” or expiration date. This article will review several provisions that have either recently expired or are scheduled to expire in the coming years.
Key provisions of the SECURE 2.0 Act for employers

Key provisions of the SECURE 2.0 Act for employers

The SECURE 2.0 Act aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and for individuals to increase their retirement savings. This article will discuss selected provisions of the Act and their potential impact on employers.
Key provisions of the SECURE 2.0 Act for individuals

Key provisions of the SECURE 2.0 Act for individuals

The SECURE 2.0 Act of 2022 aims to improve retirement savings by making it easier for employers to offer retirement plans to employees and for individuals to increase their retirement savings. Learn about select provisions of the Act that affect individuals.
Protecting Your Finances During an Economic Downturn

Protecting Your Finances During an Economic Downturn

Many economists are predicting that the US economy will experience a downturn, if not a recession, in 2023. A downturn can lead to job loss, reduced income, and financial insecurity. While it's impossible to predict the future with certainty, there are steps you can take to protect your finances during a downturn.