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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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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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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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JLK Rosenberger LLP
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2023-11-08
Statement of Cash Flows is a Crucial Tool for Financial Decision Making
Reading Time: 2 minutes 15 seconds Financial statements are the lifeblood of any business, as they provide a dashboard view of a company’s financial health and performance and serve as an essential tool to help stakeholders, investors, and management make informed decisions. The Statement of Cash Flows holds a unique and critical position among the … Continued The post Statement of Cash Flows is a Crucial Tool for Financial Decision Making first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-11-07
Why JLK Rosenberger for Your R&D Tax Credit Study?
Reading Time: 2 minutes 45 seconds The federal Research & Development tax credit is a lucrative incentive designed to reward businesses that focus on innovation. Unfortunately, many eligible businesses do not make a claim because of various misconceptions. The reality is that companies across several industries can often qualify based on general business activities. While … Continued The post Why JLK Rosenberger for Your R&D Tax Credit Study? first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-10-23
Auto Re-Enroll Act of 2023
Reading time: 2 minutes 15 seconds Over the last few years, there have been significant changes to regulations governing retirement saving plans. This includes updates to how employer-sponsored retirement plans work, and several states have introduced retirement plans for those without a plan option. Several parcels of legislation have been designed to make plan participation, … Continued The post Auto Re-Enroll Act of 2023 first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-10-16
IRS Postpones Tax Deadline for California Storm Victims to November 16
Reading time: 30 seconds Today, the IRS extended the tax filing and payment deadline for most taxpayers in 55 California counties to November 16, 2023. This applies to federal tax returns and payments originally due on April 18, 2022. Eligible returns and payments include individual income taxes, IRA and HSA contributions, partnership and S-corp returns, … Continued The post IRS Postpones Tax Deadline for California Storm Victims to November 16 first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-10-16
IRS Shifts Enforcement Policy to Higher-earning Taxpayers, Corporations, Partnerships and ‘Abusive’ Schemes
Reading time: 2 minutes The Inflation Reduction Act of 2022 included $80 billion in additional funding for the IRS, of which a little more than half is earmarked for enforcement. After the law’s passage, rhetoric quickly arose in the political sphere about armies of IRS auditors pursuing middle-class taxpayers and small business owners who may … Continued The post IRS Shifts Enforcement Policy to Higher-earning Taxpayers, Corporations, Partnerships and ‘Abusive’ Schemes first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-10-12
Inflation Drives Projected 5.4% Increase in Tax Bracket Levels for 2023 Tax Year
Record inflation over the past two years has pushed up the price of nearly everything, particularly gas, which has a broad ripple effect on the prices of goods everywhere, from groceries and consumer goods to raw materials and components used in manufacturing. But one area where inflation may benefit many Americans is on their tax … Continued The post Inflation Drives Projected 5.4% Increase in Tax Bracket Levels for 2023 Tax Year first appeared on JLK Rosenberger.
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JLK Rosenberger LLP
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2023-10-06
Construction Mergers Involve Special Issues Unique to the Industry
Due diligence leading to a merger involving construction companies involves special consideration of issues unique to the industry. During times of high investment activity in construction deals – such as what we’ve seen in the past couple of years – investors must understand how the singular characteristics of a construction company can impact not only … Continued The post Construction Mergers Involve Special Issues Unique to the Industry first appeared on JLK Rosenberger.
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