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Learn MoreThe Setting Every Community Up for Retirement Enhancement (SECURE) Act is the first significant retirement-related legislation in more than a dozen years. It brings many changes that affect employers of all sizes, including some that could be particularly beneficial for smaller employers that...
Read MoreWith funding from donors declining in combination with the rise of funding needs by not-for-profit organizations, many of these entities are feeling the pressure to expand their solicitation efforts. One key expansion effort includes soliciting donations and grants from those in other states....
Read MoreMarkets tend to be cyclical. It’s likely that the U.S. economy will see another recession at some point in the coming years, and real estate will probably be impacted. A quick glance at the headlines hints at possible triggers, from trade conflicts and overvalued markets to terrorist acts and...
Read MoreThe new revenue recognition standard codified in FASB Accounting Standards Codification (ASC) 606 has brought a number of challenges to accountants and other stakeholders. A specific area that has been scrutinized under the new regulations is principal versus agent considerations. The concept of...
Read MoreThe SECURE (Setting Every Community Up for Retirement Enhancement) Act of 2019 was signed by President Trump on December 20, 2019, and makes significant changes to the retirement landscape. The SECURE Act aims to help Americans more effectively prepare for retirement and maximize their savings....
Read MoreOdds are you may have children or grandchildren who are starting or who will soon be starting college. If they are certain as to their desired career path, they will choose their college and major accordingly. However, many do not know what they want to do when entering college, or, their first...
Read MoreThe AICPA’s December 2019 Digital CPA Conference (DCPA) was a pleasure to attend — so many open-minded professionals representing different industries, having unique backgrounds and bringing positive mindsets. The DCPA is the leading conference for practitioners curious about technology and its...
Read MoreOn November 26, 2019, the Treasury Department and IRS released final regulations related to the Tax Cuts and Jobs Act’s (TCJA) temporary increase of the gift and estate tax exemption. The TCJA increased the exemption from $5 million to $10 million (indexed for inflation) from 2018 through...
Read MoreIn July 2019, the IRS released a Chief Counsel Memorandum explaining how a corporate taxpayer should calculate their charitable contribution deduction and use charitable contribution carryovers when the corporation has current year taxable income — before using prior year net operating loss (NOL)...
Read MoreOn September 23, 2019, the U.S. Treasury Department and the IRS published final regulations amending the rules governing hardship distributions for both 401(k) and 403(b) retirement savings plans. These regulations reflect the changes made by both the Tax Cuts and Jobs Act of 2017 and the Bipartisan...
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