Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services The IRS has introduced significant changes to Form 1099-K reporting requirements in 2025, expanding the number of taxpayers who must report income derived through payment apps such as Venmo...
Charles R. Kennedy, CPA Vice President & Director of Tax Services For most taxpayers, estate planning these days is almost entirely focused on pushing estate value down far below the federal estate tax exemption of $13.9 million (or $27.9 million for married...
Kevin J. Bonnett, CPA Vice President & Director of Employee Benefit Services The “SECURE 2.0” Act enacted in 2022 continues to introduce significant changes each year to the rules around retirement plan savings, and 2025 is no different. SECURE 2.0...
Ryan J. McDonell, CPA, MSA, MSLT Tax Director The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule that exempts U.S. companies and U.S. persons from reporting beneficial ownership information (BOI) under the Corporate Transparency Act....
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Complex rules govern excess business loss deductions, so claiming this deduction may not be as simple as it sounds. But that depends a lot on your income, filing status and other circumstances....
Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Gifting assets is a common strategy employed by high-net worth individuals to transfer wealth, reduce taxable estates and provide financial support to loved ones. The process of gifting has...
