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Learn MoreIn response to the devastating natural disasters that began on August 24, 2023, in several Michigan counties, the IRS has granted tax deadline extensions to provide support and flexibility to individuals and businesses in the affected areas. Eligible taxpayers will have until June 17, 2024, to file...
Read MorePosted by Matthew Divis & Kayla Lieb Some taxpayers may feel they don’t need to worry about estate planning, because they have less than $13,610,000 of net assets ($27,220,000 for a married couple), which are the current estate tax exemption amounts. The truth is, if you have roughly more than $7...
Read MoreNOTE: As BOI regulations continue to evolve, please see our BOI Reporting Resource Center for the most up-to-date reporting deadline information. Have you been asked to provide personal, confidential information for a Beneficial Ownership Information (BOI) report, as mandated under the federal...
Read More** This blog was last updated 8/14/24 ** NOTE: As BOI regulations continue to evolve, please see our BOI Reporting Resource Center for the most up-to-date reporting deadline information. On December 22, 2023, New York’s governor signed Senate Bill 995B/Assembly Bill 3484A, enacting the New...
Read MorePosted by Claire Toraason Regulated Investment Companies (RICs) are common and very popular investment vehicles for many reasons. However, the tax code restricts the types of investments RICs can make, therefore limiting options for both funds and their investors. The use of blocker entities...
Read MoreAs a closely held business owner, the value of your business is one of the most important factors in assessing your personal financial health and driving positive outcomes when it comes to your goals. More often than not, a significant portion of your net worth is tied to the value of your business...
Read MoreOn January 24, 2024, a South Carolina Appeals Court affirmed that Amazon Services LLC was required to collect and remit sales tax on products sold on its marketplace for the period January 1, 2016, to March 31, 2016, totaling approximately $12.5 million. The case underscores the need for taxpayers...
Read MoreIn the highly collaborative world of exchange-traded funds (ETFs), building and maintaining a strong network is key. Erin McClafferty recently joined Bill Arnold, Regional ETF Director of SEI, and Jennica Ross, Co-President of Women in ETFs U.S., on SEI’s ETF Revolution podcast. Erin discussed...
Read MorePosted by Dan Conrad On January 1, 2024, Wisconsin Assembly Bill (AB) 245 went into effect, exempting business personal property from taxation. This means taxpayers no longer need to file the Personal Property Return, Form M-L and Form M-P, reporting the annual statement of their business...
Read MoreIn early 2023, the SEC proposed amendments that would redesignate the current custody rule — 206(4)-2 — as a new rule, 223-1, or the “safeguarding rule,” under the Investment Advisers Act of 1940. The extended comment period expired at the end of October 2023. As we wait to see if the changes are...
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