Read About - New Estate Tax Portability Election ReliefSeptember 12, 2022
At a Glance
Main Takeaway
A new IRS provision passed in July 2022 extends an estate's time to elect the portability of a deceased spouse's unused exclusion amount (DSUE)
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Read About - 5 Questions for Your Accountant to Achieve Small Business GrowthSeptember 7, 2022
At a Glance
Main Takeaway
Your goal as a private business owner is to run a profitable operation
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Read About - Understanding Revenue Synergies for a Successful M&A StrategyAugust 24, 2022
At a Glance
Main Takeaway
The expanding interest in mergers and acquisitions in the corporate world has recently called attention to the idea of synergy
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Read About - Private Companies Unsure About Lease CostsAugust 22, 2022
At a Glance
Main Takeaway
A 2022 report from the Visual Lease Data Institute revealed a shocking truth about private company leases
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Read About - ASC 842 and Lessor Accounting ChangesAugust 22, 2022
At a Glance
Main Takeaway
The new ASC 842 lease accounting standard aims to increase transparency between companies and investors by establishing clear guidelines for proper lease management and lease accounting
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Read About - ASC 842 Lease Accounting: Navigating Your OptionsAugust 22, 2022
Nonpublic companies and nonprofit organizations are out of time to implement the new lease accounting standard in accordance with Accounting Standards Codification (ASC) Topic 842
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Read About - Biden Signs Inflation Reduction Act: What are the Tax Implications?August 16, 2022
At a Glance
Main Takeaway
On August 16, 2022, President Biden signed the Inflation Reduction Act of 2022 (the Act) (H.R
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Read About - Congress Considering Updates to Opportunity Zone RegulationsAugust 10, 2022
At a Glance
Main Takeaway
Recently, representatives introduced a new bill that aims to update current Qualified Opportunity Zone (QOZ) legislation
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Read About - The Inflation Reduction Act of 2022 Passes in the Senate
Read About - Semiconductor Bill Passed, President Biden Expected to SignAugust 4, 2022
On July 28, the House of Representatives passed the CHIPS and Science Act of 2022 (H.R
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Read About - IRS Delivers More Options to Amend Returns ElectronicallyAugust 4, 2022
At a Glance
Main Takeaway
Last month, the IRS streamlined the tax return process by increasing the number of tax forms taxpayers can amend electronically
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Read About - Federal and State Gas Tax Holiday Effects on Pump PricesAugust 4, 2022
At a Glance
Main Takeaway
The federal government proposed a three-month gas tax holiday nationwide to reduce the high gas price burden on consumers
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