Visit our page dedicated to providing resources that will help you better understand Beneficial Ownership Information (BOI) requirements and how you can most efficiently comply.
Learn MoreThe consequences of doing business in a country with which the U.S. has a tax treaty can be much different than those encountered when dealing with a non-treaty country. It’s important to understand the basic differences of each. Treaty Countries The United States has a number of bilateral...
Read MoreThe Office of Compliance Inspections and Examinations (OCIE) has provided a risk alert to SEC-registered investment advisers (RIAs) outlining the five compliance topics most frequently identified in deficiency letters issued to RIAs in the last two years. RIAs should take note of the deficiencies...
Read MoreThe kiddie tax was added by the Tax Reform Act of 1986 to help prevent wealthy taxpayers from shifting investment assets to children, who generally enjoy lower tax brackets. In its 30-plus years of existence, the kiddie tax has expanded its reach from dependents under the age of 14 to those under...
Read MoreIt’s imperative that landlords and tenants know the tax ramifications — for better or worse — of the language that’s built into their lease and ancillary agreements. And it’s just as important to be aware of tax-impacting items not found in any written agreement. Specifically, there are three areas...
Read MorePennsylvania has made many changes that will impact companies doing business in the state. Namely, in the fall of 2016, Pennsylvania Governor Wolf signed House Bill 1198, making several tax law changes aimed at generating much-needed revenue for the state. Significant changes include expanding the...
Read MoreThe potential requirement to annually file Form 5500 is one that’s not always top of mind for many businesses. The form is required by the Department of Labor (DOL) and IRS and details financial conditions, investments and operations of benefit plans. If you have more than 100 employees who...
Read MoreIf you buy property with environmental issues, you may be liable — even if you weren’t responsible for the presence of contaminants. To best protect yourself, be sure to include environmental review as part of your due diligence. Why Conduct Environmental Due Diligence The most obvious reason...
Read MoreThe Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) recently released its 2017 exam priorities. While the priorities continue to focus on protecting retail investors, especially those investing for their retirement, and assessing broad-based...
Read MoreThere is yet another dangerous phishing scheme circulating once again this tax season involving W-2s that targets corporations, schools and nonprofits. In a recent IRS communication, IRS Commissioner John Koskinen has said that this particularly dangerous scheme could “result in the large-scale...
Read MoreWhen we talk about a business compensating its service providers — which can include employees, attorneys, brokers and real estate developers, to name a few — it can mean more than just paying wages, bonuses or fees. Many providers want more than a check; they want to share in, and have a hand in...
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