Will America celebrate the Fourth of July with the passage of major tax reform? On May 22, House Republicans passed the “One Big Beautiful Bill Act” under the budget reconciliation process. This marks a significant milestone...more
5/29/2025
/ Business Taxes ,
Clean Energy ,
Estate Planning ,
Federal Budget ,
GILTI tax ,
Investment Tax Credits ,
Proposed Legislation ,
Renewable Energy ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Rates ,
Tax Reform ,
Trump Administration ,
UBTI
Since the enactment of the Corporate Transparency Act (CTA), property ownership associations such as homeowner associations and condominiums (collectively, POAs) have struggled to understand their beneficial ownership...more
Federal requirements enacted by the Corporate Transparency Act for small businesses to report information about themselves and their beneficial owners are just weeks away from taking effect. Starting January 1, 2024, many...more
11/20/2023
/ Beneficial Owner ,
Business Entities ,
Compliance ,
Corporate Governance ,
Corporate Transparency Act ,
FinCEN ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Small Business ,
U.S. Treasury
IRS Updates -
Because of promoters aggressively pushing schemes to claim the employee retention credit (ERC) and the resulting confusion surrounding eligibility, the IRS has released guidance for employers wanting to...more
IRS Warnings -
The IRS continues to issue warnings alerting employers to be wary of promoters aggressively pushing schemes to claim the employee retention credit (the ERC). The IRS has also added these promoter claims to its...more
Exception to FTC Proposal Although the Federal Trade Commission (FTC) has proposed a ban on non-compete agreements, the proposal contains an exception in certain business acquisitions where the seller enters into a...more
1/27/2023
/ Acquisitions ,
Buyers ,
Employer Liability Issues ,
Employment Contract ,
Exceptions ,
Federal Trade Commission (FTC) ,
Non-Compete Agreements ,
Proposed Regulation ,
Proposed Rules ,
Restrictive Covenants ,
Sellers ,
Selling a Business ,
Tax Advice