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Donna M. Mullin, JD, CPA, Tax Director Congress recently passed a law that includes important changes impacting IRAs. Signed into law on December 20, 2019, the following are key changes from the SECURE Act (Setting Every Community Up for Retirement Enhancement) taking effect this year:   Minimum Required Distribution Changes   Required beginning date increased […]

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by Patrick T.R. Charvat   The Supreme Court’s 2018 decision on sales tax collection, sparked by litigation against the online furniture giant Wayfair, has been the talk of accountants’ cocktail parties across the country. Now that the dust has settled and states have enacted “economic nexus” laws and issued guidance, you may find your business […]

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by Mark W. Banks Forward-thinking businesses plan for the unthinkable, from hurricanes and internet disruptions to an old-fashioned water main burst that renders a building uninhabitable. Those forward-thinking businesses rely on Business Continuity Plans (BCP) to guide timely resumption of work, but those plans are effective only if they are relevant, comprehensive, and current. Enter […]

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Edward R. Jenkins Thousands of cryptocurrency investors recently began receiving warning letters from the IRS reminding them that virtual currencies are considered property and taxable. While Bitcoin and other cryptocurrencies can be used like cash and some merchants are now making it easy to use for purchases, the IRS treats the reporting of virtual currencies […]

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by Benjamin R. Bostic, CPA There It’s a moment of eager anticipation – getting that tax refund. Many families this year, however, were shocked by smaller-than-expected refunds or even the prospect of owing money. If tax reform was supposed to lower my taxes, they wondered, why is my refund smaller? Every situation differs, but overall […]

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by Crystal A. Skotedis There was a day not so long ago when homeowners didn’t lock their doors. They trusted that no one would enter uninvited. Likewise, many employers today blindly trust that the retirement plans they offer to employees – primarily 401(k) plans – are secure. There is a strong probability that computer hackers […]

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by Edward R. Jenkins When you are “in the zone,” you are hyper-focused and at peak performance. For investors, “the zone” means owning an optimal mix of investments with your desired risk and return profile. That zone is better when an investor takes advantage of lucrative new federal tax benefits while creating jobs and injecting […]

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by Brian J. Kutz Employers that provide parking to their employees may be in for a nasty surprise this tax season. A provision of the Tax Cuts and Jobs Act of 2017 (TCJA) disallows parking expenses incurred by employers that provide parking to their employees. On the nonprofit side, organizations are required to increase their […]

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