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Understanding the Backdoor Roth IRA

Understanding the Backdoor Roth IRA

Are you a high-income earner seeking ways to optimize your retirement savings? Get a full grasp of how the Backdoor Roth IRA can be an effective tool for you.
IRS Opens ERC Voluntary Disclosure Program

IRS Opens ERC Voluntary Disclosure Program

If you're a business owner who mistakenly claimed the Employee Retention Credit, find out how the new IRS Voluntary Disclosure Program can help you rectify the situation. Discover the eligibility criteria, benefits, and application process in our informative video.
Nebraska lawmakers propose ‘EPIC’ SALT reforms

Nebraska lawmakers propose ‘EPIC’ SALT reforms

Would life in the Cornhusker state be better if funded entirely through a sales tax? Voters may have a chance to find out in 2024.
The logic of a Fed policy pause and then rate cuts in 2024

The logic of a Fed policy pause and then rate cuts in 2024

After nearly two years of raising the federal funds rate to restore price stability, the Federal Reserve has all but declared an end to that campaign.
State income tax law changes for the fourth quarter of 2023

State income tax law changes for the fourth quarter of 2023

A summary of state and local income tax updates enacted during the quarter ending Dec. 31, 2023, which may impact current or deferred tax provisions.
Beware of state equivalent 1099 filing obligations

Beware of state equivalent 1099 filing obligations

As millions prepare to file federal forms 1099, the obligation to file state equivalent returns is often overlooked.
IRS to provide automatic penalty relief to eligible taxpayers

IRS to provide automatic penalty relief to eligible taxpayers

The IRS recently announced that taxpayers will receive penalty relief for failure to pay penalties incurred in tax years 2020 and 2021.
Presentation of acquired cash in a business combination

Presentation of acquired cash in a business combination

Example illustrates how to present acquired cash and consideration transferred in accordance with FASB ASC Topic 805.
Fed signals end of rate hikes and projects cuts in 2024

Fed signals end of rate hikes and projects cuts in 2024

The Federal Reserve signaled at its recent meeting that it is done raising its policy rate and is poised to reduce it by 75 basis points next year to support the expanding economy.
IRS will use AI to help target partnerships and high net worth individuals

IRS will use AI to help target partnerships and high net worth individuals

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
What To Do With Old Retirement Accounts

What To Do With Old Retirement Accounts

You likely have at least one old retirement account if you've ever changed employers. These accounts stay exactly as you left them unless you take action. In this video, we'll provide options for what to do with those old accounts.
The 1031 Exchange Explained

The 1031 Exchange Explained

In the world of real estate, the Section 1031 exchange has been a significant tool for investors who want to grow their real estate portfolio and wealth. In this video, we'll explain how a 1031 exchange works and important considerations when using one.
Two Estate Planning Strategies to Help Protect Wealth

Two Estate Planning Strategies to Help Protect Wealth

A goal of estate planning is to maximize the wealth that is passed on to one's heirs. In this video, we'll discuss how a Spousal Lifetime Access Trust and an Irrevocable Life Insurance Trust may help you minimize estate taxes and protect wealth.
IRS releases 2024 retirement plan limitations

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.
The Key Functions of Your Nonprofit Board

The Key Functions of Your Nonprofit Board

Nonprofit board service can be as exhausting as it is rewarding. Whether you are on a board yourself, thinking about joining a board, or seeking to improve the one you sit on, here are three things that high-functioning nonprofit boards get right.