Solutions Newsletter

Recently enacted legislation Assembly Bill 102 (AB 102) strips the State Board of Equalization (BOE) of two of its core functions: collecting and administering numerous taxes and fees, as well as hearing and deciding tax appeals. The bill establishes two new tax agencies: the Office of Tax Appeals and the California Department of Tax and Fee Administration. The changes affect all companies […]

The IRS recently issued Revenue Procedure 2017-34, which grants (in some cases) an automatic extension of time to file an estate tax return for estates that were not required to file estate tax returns, but for which the executor would now like to make a portability election. A married taxpayer who neglected to make the portability election upon the death […]

While organizations today enjoy the benefits from having systems connected to cyberspace, they must contend with the significant risks of theft, fraud, and abuse. Therefore, it is necessary for businesses to take an active role in mitigating these risks. As potential threats become more sophisticated and frequent, cybersecurity has become a top issue for boards of directors, management, investors, customers and other […]

There are several overriding rules that govern qualified retirement plans, including that plan assets are for the exclusive benefit of plan participants and that a participant’s benefit cannot be assigned to another person. These rules conflict with the awarding of a portion of a participant’s retirement account to a spouse or other party in the case of divorce or other […]

Tax & Accounting Senior Manager, Christy Selogie, is the new treasurer for Camp Fire Angeles Council, headquartered in Long Beach. Christy joined the board in February and is excited to continue the long-standing tradition of involvement (over 40 years!) Windes has with Camp Fire. Camp Fire has been serving young people and their families in the greater Long […]