JLK Rosenberger LLP
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2024-04-26
IRS Guidance on SECURE Act 2.0 Provisions
The SECURE Act 2.0, signed into law in late 2022, is designed to make retirement savings easier by calling for expanded access to workplace retirement plans, increased saving opportunities, and streamlined administration. The Act includes over 90 provisions that impact operations, accessibility, benefits, and incentives for participants and employers. Given the many changes, the IRS … Continued The post IRS Guidance on SECURE Act 2.0 Provisions first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2024-04-25
Are you Ready for Tax Changes Ahead? by Michael Brennan, CPA
Many of the taxpayer-friendly provisions of the tax code introduced by the Tax Cuts and Jobs Act (TCJA) in 2017 are set to expire at the end of 2025, exposing individuals and businesses to the prospect of significantly higher tax liabilities beginning in 2026. While it is possible lawmakers will intervene and extend some provisions […] The post Are you Ready for Tax Changes Ahead? by Michael Brennan, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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PKF Texas
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2024-04-23
Beware of a Stealth Tax on Social Security Benefits
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you […]
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PKF Texas
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2024-04-23
Essential Updates on Retirement Account Required Minimum Distributions
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If […]
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JLK Rosenberger LLP
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2024-04-22
NIST CSF 2.0 and its Impact on Small Businesses
On February 26, 2024, the National Institute of Standards and Technology (NIST) released the long-awaited NIST Cybersecurity Framework (CSF) 2.0, a comprehensive high-level document that guides for organizations to manage cybersecurity risks. The NIST CSF 2.0 departs from the previous release by adding small businesses to its target audience. In addition to providing guidance updates, … Continued The post NIST CSF 2.0 and its Impact on Small Businesses first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2024-04-19
Understanding Required Minimum Distributions from Retirement Accounts Under New Laws by Rick D. Bazzani, CPA
There is a broad range of opportunities to save money during your working years so that you may afford a comfortable retirement in the future. Yet, with each type of retirement savings plan comes a unique set of rules and requirements, including procedures for paying taxes on your plan contributions and earnings. In the most […] The post Understanding Required Minimum Distributions from Retirement Accounts Under New Laws by Rick D. Bazzani, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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PKF Texas
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2024-04-18
Nonprofits: Take Another Look at Inflation Reduction Act Tax Breaks
When the Inflation Reduction Act (IRA) became law in late 2022, you might have assumed that the tax breaks it contained wouldn’t affect your tax-exempt organization. That’s not the case. […]
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Berkowitz Pollack Brant
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2024-04-18
Podcast – BPB Knows Cybersecurity if You Are Hacked
In this episode Director of Managed Cyber Solutions Brandon Bowers explains how to avoid hacks, what you should have in place and how to respond to the unthinkable. The post Podcast – BPB Knows Cybersecurity if You Are Hacked appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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Berkowitz Pollack Brant
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2024-04-17
IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA
The IRS has begun auditing the use of corporate jets to ensure taxpayers properly allocate business use from personal use for tax purposes. These efforts are part of the agency’s larger strategic plan to increase audit enforcement and improve tax compliance among large corporations, partnerships and high-net-worth individuals. Under current law, businesses may deduct certain […] The post IRS Begins Audits of Business Aircraft Use by Joseph Leocata, JD, CPA, MBA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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PKF Texas
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2024-04-15
Keep These 3 Issues in Mind After You File Your Tax Return
The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until October 15. In either case, […]
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