IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
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IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
California wildfires and Atlantic hurricanes: Insurers grapple with rising risk
As severe weather affects insurance companies, preventive measures and catastrophe modeling are key.
Amid banking disruption, everyone wants a piece of lending
Amid banking disruption, private credit could play a significant role in lending.
U.S. charitable donations fell last year
Donations to charity fell to $499 billion last year, a 3.4% decrease from 2021.
State income tax law changes for the second quarter of 2023
A summary of state and local income tax updates enacted during the quarter ending June 30, 2023, which may impact current and deferred tax provisions
Rising interest rates put a spotlight on cash management for construction
Rising interest rates put a spotlight on cash management for construction contractors looking to reduce liquidity risk.
After flush years, households show a reluctance to borrow
As flush households face the potential of an economic slowdown, they are reluctant to take on debt. Instead, households appear to prefer precautionary saving in contrast with overconsumption.
SECURE 2.0: Considerations to achieve your workforce and business goals
Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.
FASB proposes guidance on crypto assets
Recently proposed FASB guidance would improve accounting and disclosure of certain crypo assets.
Required minimum distributions after SECURE 2.0
SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
IRS establishes program to allocate solar and wind capacity limitation
IRS and Treasury establish program for increased credits for energy projects for low-income communities.
Fed hikes rates by 25 basis points as it approaches peak
The central bank hiked its policy rate by 25 basis points to a range between 4.5% and 4.75%, its eighth straight increase, though lower than the recent hikes.
U.S. inflation eases in December, supporting a moderation in Fed rate hikes
Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
IRS releases fact sheet regarding residential energy credits
A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).