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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JLK Rosenberger LLP
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2024-04-12
Understanding ‘Beneficial Owner Information’ (BOI) Reporting Requirements
Reading time: 3 minutes 30 seconds Starting January 1, 2025, corporations, limited liability companies and similar entities will be required to report certain “beneficial owner information” (BOI) to FinCEN — the Financial Crimes Enforcement Network arm of the U.S. Treasury Department — under the provisions of a 2020 law called the Corporate Transparency Act (CTA). … Continued The post Understanding ‘Beneficial Owner Information’ (BOI) Reporting Requirements first appeared on JLK Rosenberger.
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Berkowitz Pollack Brant
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2024-04-11
Recognizing When You are a Victim of Identity Theft by Brandon Bowers
The headaches individuals must confront when they are victims of identity theft are complicated by the length of time those crimes go unrecognized. Too often, these scams play out over months and even years without detection. By that point, however, your personally identifiable information (PII) can be in the hands of criminals and the dark […] The post Recognizing When You are a Victim of Identity Theft by Brandon Bowers appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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PKF Texas
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2024-04-09
New Option for Unused Funds in a 529 College Savings Plan
With the high cost of college, many parents begin saving with 529 college savings plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow […]
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Berkowitz Pollack Brant
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2024-04-09
Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA
Effective Jan. 1, 2024, it is easier for individuals to claim federal tax credits for the purchase of new electric, plug-in hybrid and fuel-cell electric vehicles, but there are fewer cars and trucks that qualify for the full $7,500 credit this year. The clean vehicle tax credit was amended in 2022 as part of the […] The post Tax Credits for Clean Vehicles Change in 2024 by Brendan Kurpis, CPA appeared first on Berkowitz Pollack Brant Advisors + CPAs.
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