JLK Rosenberger LLP
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2023-12-07
Two or Three Heads are Better Than One When it Comes to Tax Planning
Reading time: 4 minutes 35 seconds Superior tax planning is about generating the required current cash flow with the least tax cost, maximizing future wealth and financial flexibility, and maintaining acceptable risk. Tax planning success requires specifics, starting with a comprehensive net worth statement and a complete understanding of your future earning potential and career … Continued The post Two or Three Heads are Better Than One When it Comes to Tax Planning first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2023-12-07
Podcast – BPB Knows Tax Planning Ahead of Sunsetting Provisions
In this episode Associate Director of Tax Services Sarah Gaymon shares strategies for high-net-worth families to be sure they don’t miss out on sunsetting tax provisions. The post Podcast – BPB Knows Tax Planning Ahead of Sunsetting Provisions appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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Berkowitz Pollack Brant
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2023-12-06
IRS Provides Taxpayers with Temporary Relief of Catch-Up Contributions to Employer-Sponsored Retirement Savings Plans by Maxwell Jewell, CPA, MST
With the release of Notice 2023-62, the IRS has again delayed the effective date of a SECURE Act 2.0 provision that would have required certain participants in employer-sponsored retirement savings plans age 50 and older to make catch-up contributions to those plans on a Roth basis beginning in 2024. This relief extends the start date […] The post IRS Provides Taxpayers with Temporary Relief of Catch-Up Contributions to Employer-Sponsored Retirement Savings Plans by Maxwell Jewell, CPA, MST appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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JLK Rosenberger LLP
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2023-12-01
1033 Exchange Provides Tax Benefit for ‘Involuntary’ Loss of Property
Reading Time: 4 minutes 30 seconds Most real estate owners are familiar with the 1031 “like-kind” exchange, a tax-favored process that allows owners of commercial property to defer the gain on the sale of a property if the proceeds are reinvested in another commercial property. The 1031 process can enable property owners to defer gains … Continued The post 1033 Exchange Provides Tax Benefit for ‘Involuntary’ Loss of Property first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2023-11-28
New eFiling Requirement for Businesses that Receive Cash Payment of More than $10,000 by Cherry Laufenberg, CPA
Certain businesses receiving cash payments exceeding $10,000 must electronically file IRS Form 8300 beginning on Jan. 1, 2024, rather than filing a paper return. According to the IRS, although many cash transactions are legitimate, Form 8300 aims to combat tax evasion, drug trade, terrorism financing and other criminal activities. The new reporting requirement applies to […] The post New eFiling Requirement for Businesses that Receive Cash Payment of More than $10,000 by Cherry Laufenberg, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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JLK Rosenberger LLP
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2023-11-27
IRS Announces ERTC Withdrawal Program Details
Reading time: 3 minutes In September, the IRS announced a processing moratorium on new Employee Retention Tax Credit (ERTC) claims. The agency was forced to take this step because of the high number of improper claims received. Scheduled to run through the end of the year, it allows the extra time needed to implement additional … Continued The post IRS Announces ERTC Withdrawal Program Details first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2023-11-21
Motivating the Next Generation of Leaders to Maintain Culture in Hybrid Work Environments by Richard A. Berkowitz, JD, CPA
Many businesses are tightening their flexible work policies, trying to coax remote employees to return to their offices in person to collaborate with their peers and build their careers. One of the unique ironies of this past summer occurred when Zoom, the videoconferencing platform that kept workers connected throughout the pandemic, announced it would require […] The post Motivating the Next Generation of Leaders to Maintain Culture in Hybrid Work Environments by Richard A. Berkowitz, JD, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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Berkowitz Pollack Brant
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2023-11-16
Podcast – BPB Knows Estate Planning
In this episode, Provenance Wealth Advisors CEO Eric Zeitlin explains the basics of estate planning and how it can help avoid probate and protect your family. The post Podcast – BPB Knows Estate Planning appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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