Category: Insights

401k plan meeting
401(k) Plan Restatements Required by July 2022

For defined contribution plans, the current restatement cycle will close on July 31, 2022, meaning…

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HIPAA Cybersecurity
HIPAA Law Incentivizes Adoption of Cybersecurity Leading Practices

Congress recently passed a safe harbor law (H.R.7898) requiring that the Department of Health and…

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tax deduction workplace retirement plans
Boost Tax Deductions by Adopting a Workplace Retirement Plan

Employers who could use a federal income tax deduction for 2020 can consider retroactively adopting…

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lease accounting deadline
New Leasing Standard Deadline for Private Companies, Nonprofits Approaching

The new leasing standard for private companies and private nonprofits will be effective for fiscal…

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amended section 174
New Capitalization Requirements for R&E Expenditures

For tax years beginning after 2021, however, all U.S.-based and non-U.S.-based R&E expenditures must be…

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young professional wealth management
How Young Professionals Can Get Started with Wealth Management

From budgeting and setting goals to increasing financial literacy and seizing early planning opportunities, following…

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SPACs Tax Treatment Startup Expenses
Tax Treatment of Transaction Costs and Startup Expenses for SPACs

Creating a SPAC is not without expense. Some expenses are incurred pre-IPO, some will be…

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infrastructure package
Senate Approves Infrastructure Bill & Advances Budget Reconciliation Process

The Senate voted to advance a roughly $1 trillion infrastructure package consisting of "Infrastructure One"…

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investment management mistakes
Five Common Investment Management Mistakes to Avoid

There’s no such thing as an expert investor, and with more and more individuals trying…

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IRS ERC Guidance
IRS Issues Additional Guidance on the Employee Retention Credit

On August 4, 2021, the IRS issued Notice 2021-49, which provides long overdue guidance for…

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