As Donald Trump returns to the presidency, his tax proposals outlined from the campaign trail have come into focus. These policy proposals offer a mix of tax cuts, credits, and tariff-based revenue strategies designed to reduce burdens for businesses, workers, and retirees while reshaping trade policies. However, it…
Written by David J. Neuman, JD Tax & Legal Manager The recent developments in business succession planning have introduced new challenges that business owners must carefully navigate. Traditionally, many closely held businesses have relied on life insurance policies on their owners as a key component of their…
After filing taxes, many individuals find themselves gripped by anxiety about possible errors or omissions on their returns. Misreported income, inappropriate deductions, or entirely unfiled past returns can trigger fears of impending audits or penalties from the Internal Revenue Service (IRS). Understanding the statute of limitations on tax…
Written by Nick Grgas Audit Director In the complex world of business, fostering a strong relationship between clients and accountants is not just beneficial—it’s essential for success. It’s clear that the most productive accounting relationships are those built on continuous communication and mutual understanding. Unfortunately, many businesses still…
