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Understanding ‘Beneficial Owner Information’ (BOI) Reporting Requirements
JLK Rosenberger LLP - 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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JLK Rosenberger Named a Top Firm and Regional Leader by Accounting Today
JLK Rosenberger LLP - 2024-04-03

JLK Rosenberger Named a Top Firm and Regional Leader by Accounting Today

JLK Rosenberger, a regional CPA firm headquartered in California, has been named a 2024 Top Firm and Regional Leader in the West by Accounting Today. The West Region includes Nevada, Oregon, California, and Washington firms. Mike French, JLK Rosenberger’s Managing Partner, expressed, “We are honored to be recognized by Accounting Today’s Top Firms as a … Continued The post JLK Rosenberger Named a Top Firm and Regional Leader by Accounting Today first appeared on JLK Rosenberger.

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EBITDA: How Does It Impact the M&A Process?
JLK Rosenberger LLP - 2024-03-18

EBITDA: How Does It Impact the M&A Process?

Reading time: 2 minutes 30 seconds Financial metrics play a pivotal role in evaluating a target company’s potential and negotiating favorable terms in a merger or acquisition. Among these metrics, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is among the most commonly used and influential figures. EBITDA is a crucial indicator of a company’s … Continued The post EBITDA: How Does It Impact the M&A Process? first appeared on JLK Rosenberger.

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Federal court rules law mandating reporting of ‘Beneficial Owner Information’ unconstitutional
JLK Rosenberger LLP - 2024-03-08

Federal court rules law mandating reporting of ‘Beneficial Owner Information’ unconstitutional

Reading time: 1 minute 40 seconds A federal court in Alabama has ruled that the Corporate Transparency Act (CTA) – which mandates reporting of Beneficial Owner Information (BOI) by millions of small businesses – is unconstitutional. However, the ruling is narrow and applies only to members of the plaintiff organization that brought the suit, National … Continued The post Federal court rules law mandating reporting of ‘Beneficial Owner Information’ unconstitutional first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-03-07

Women Uplifting Women: A Story of Friendship and Mentorship

In honor of International Women’s Day, we sat down with two rising stars at our firm, April and Joyce. We asked them about their journey in the accounting profession, their friendship that blossomed at work, and the mentorship they received to uplift their careers. International Women’s Day celebrates the achievements of women globally, so we … Continued The post Women Uplifting Women: A Story of Friendship and Mentorship first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-03-01

IRS Announces Tax Relief for San Diego County Residents

In response to the impact of severe storms and flooding that began on January 21, 2024, the Internal Revenue Service (IRS) announced tax relief measures for individuals and businesses in San Diego County, California. This announcement gives those grappling with the aftermath of these events additional time to manage their tax obligations. If other California … Continued The post IRS Announces Tax Relief for San Diego County Residents first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-02-27

Emergency Savings Account Guidance for Plan Sponsors

Reading time: 2 minutes 30 seconds Over the past few years, there has been increasing concern about the retirement savings of the average American worker. Many will not have enough saved to enjoy the golden years. A key issue is the lack of access to an employer-sponsored retirement plan and the opportunity to benefit from … Continued The post Emergency Savings Account Guidance for Plan Sponsors first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-02-14

Inheriting a Parent’s IRA: Tax Planning Opportunities

Reading Time: 1 minute 30 seconds If you have inherited an individual retirement account (IRA) from a deceased parent, whether before or after they began taking required minimum distributions (RMDs), you have an opportunity to manage the withdrawals in a tax-efficient manner. According to IRS rules, if the parent passed away before reaching RMD age … Continued The post Inheriting a Parent’s IRA: Tax Planning Opportunities first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-02-12

Equity Method of Accounting Provides Clear Information to Drive Decisions About Business Transactions

Reading time: 2 minutes The equity method of accounting is an accounting method used to report activity from a minority investment or a joint venture that a company may have in another company. In the merger and acquisition environment, the equity method is sometimes referred to as the one-line method of accounting for an investment. … Continued The post Equity Method of Accounting Provides Clear Information to Drive Decisions About Business Transactions first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-02-06

JLK Rosenberger Wins 2024 Best of Accounting Award

Irvine, California, February 6, 2024  – JLK Rosenberger, a leading accounting firm, announced today that they have won the Best of Accounting Award for providing superior service to their clients. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients … Continued The post JLK Rosenberger Wins 2024 Best of Accounting Award first appeared on JLK Rosenberger.

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