The IRS took action quickly after Hurricane Helene traveled 400+ miles, claiming lives and wreaking havoc in the Southeast. Learn about the important information regarding deadline extension and penalty relief.
Section 109 of SECURE 2.0 provided for a higher catch-up contribution limit beginning in 2025 for participants in a 401(k) or 403(b) plan for a specific population of employees.
Learn more about what is needed for retirement plans. For plan years beginning on or after January 1, 2025, SECURE 2.0 requires certain plan sponsors of a 401(k) plan or 403(b) plan to adopt automatic enrollment provisions.
IRS grants disaster relief to taxpayers located in North Carolina. Affected taxpayers have until May 1, 2025, to file returns and make payments.
Today’s U.S. companies are finding many benefits to hiring remote employees from around the globe. However, along with those benefits come a myriad of tax compliance considerations. learn about a few of those considerations and practical solutions so companies can proactively prevent problems and ensure compliance.
Section 110 of the SECURE 2.0 Act allows plan sponsors to treat student loan payments as elective deferrals to match contributions effective for plan years beginning after December 31, 2023. Plan sponsors considering allowing employer match contributions of qualified student loan payments (QSLPs) might have postponed their decision until further guidance was provided. On August 19, 2024, the IRS issued interim guidance that will assist plan sponsors in determining whether to adopt the provisions.
SOC examinations are a critical component of a service organization’s risk management strategy. Learn about how their value is entirely dependent on the quality of the examination process.
2024 election outlook and its potential impact on lifetime estate/gift and GST exemptions
Understand why a strong foundation of trust in client relationships is a CPAs most valuable asset.
Cross-border transactions between related parties have become one of the more controversial issues in international taxation. Learn why an understanding of transfer pricing and the related compliance requirements is essential for all sizes of multinational companies.
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