Posts Tagged ‘taxes’
Employee Retention Credits in M&A Transactions
At a glance Are you ready to learn more? Schedule a conversation with our team. The full story: ERCs may have started as a helpful tool for businesses suffering from the COVID-19 pandemic, but they didn’t stay that way for long. Now, just three years later, ERCs have earned a place on the IRS’s “Dirty…
Read MoreCompensation Arrangements Based on the Lifecycle of Your Business
At a glance Schedule a consultation with an Aprio Tax advisor Today. The full story: Even in the best of times, organizations struggle to design and implement compensation arrangements (defined as pay and retirement benefits for our purposes) that attract and retain top talent in our challenging job market. While employee satisfaction is driven by several…
Read MoreStock and Equity Compensation, is it Really a Good Idea?
At a glance Schedule a consultation with an Aprio Tax advisor Today. The full story: Rewarding and retaining top talent has always been a challenge for employers. The now infamous Great Resignation has brought that challenge to the forefront more than ever. For upper management and similar key employees, today’s compensation reward must be balanced by…
Read MoreIndividual 401(k) Plans – Buyer Beware
At a glance Schedule a consultation with an Aprio Tax advisor Today. The full story: Individual 401(k) plans, also known as solo(k)s and uni-(k)s, have become popular retirement vehicles for owner-only businesses with vendors and the media regularly touting their merits. These plans are typically stripped-down versions of “full blown” 401(k) plans with a reduced administrative…
Read MoreCongress is on the Verge of Passing an Omnibus Funding Bill, but Tax Relief from Expiring Business-Friendly Provisions Remains Elusive
By: Jason Bierly, Senior Tax Manager At a glance Schedule a consultation with an Aprio Tax Adviser today. The full story: Through late December 2022, House and Senate negotiators from both parties worked to craft bipartisan legislation intended to fund the federal government through most of 2023. The legislation, structured as an “Omnibus,” or complete…
Read MoreAprio’s End of Year Tax Update
December 2022 Dear Reader, Aprio is privileged to offer our year-end tax planning guide for your consideration and use. Year-end tax planning is a consistent theme across the accounting world; many business and investment firms churn out annual tax-planning recaps. Generally, these communications consist largely of a stream of reminders to complete the same tax-planning…
Read MoreYear-End Personal Financial Planning Tips for Dentists
At a glance Schedule your consultation with Aprio today The full story: The holiday season can be hectic for dental practices, as patients rush to book appointments before travel and family gatherings. But amid the hustle and bustle, it’s important not to let your personal financial plan and goals fall by the wayside — especially…
Read MoreFinal Ruling on Beneficial Ownership Information Reporting – What You Need to Know
At a glance The main takeaway: The Financial Crimes Enforcement Network (FinCEN) issued a final ruling that will require certain domestic and foreign entities to provide reports identifying beneficial ownership information and company applicants. Impact on your business: This rule is intended to protect the US financial system from money laundering and other types of…
Read MoreThe Inflation Reduction Act – What US Companies and Individual Taxpayers Need to Know
At a glance The main takeaway: On August 16, 2022, President Biden signed the Inflation Reduction Act into law. The $750 billion bill, passed through the Budget Reconciliation Process, contains a number of provisions that address healthcare, climate change and energy efficiency. Impact on your business: The act includes several tax increase provisions largely aimed at…
Read MoreTaxpayers – Act Fast if You Want to Benefit from the IRS COVID-Related Penalty Relief
At a glance The main takeaway: On August 24, 2022, the IRS announced it will waive failure to file penalties for a vast number of tax returns for the 2019 and 2020 tax years, covering both individual and business returns, including foreign information filings. Impact on your business: Taxpayers who have not yet filed tax returns covered…
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