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Starting January 1, 2025, compliance is mandatory, and any non-compliance will be reported as a finding and require corrective action.

There are major tax implications for both the buyer and seller based on the classification of each asset in an asset sale.

“Self-dealing” is any direct or indirect transaction between a private foundation and a disqualified person.

The IRS announced on August 15 the reopening of its Voluntary Disclosure Program for taxpayers who now believe they have received the ERC erroneously.

Electric buses can be expensive; there are numerous funding incentives and credits available to make the transition more cost effective.

The IRS announced on Thursday, August 8, 2024 updates on its handling of the remaining open Employee Retention Credit (ERC) claims.

In this issue, learn how younger generations of prominent families are pursuing internal legitimacy as a path to a purposeful life.

ESOPs can provide significant benefits to shareholders, management and employees of privately-owned businesses.

With Russ Haworth and researchers from The University of Adelaide, we uncovered the importance of focusing on internal legitimacy.

The food and beverage sector remained active during the second quarter of 2024 with mergers and acquisitions (M&A) transactions completed across various segments, including snacks, bakery, meats/protein and ingredients, among others.

For private foundations with calendar year-ends, this is a great time to consider getting a head start on year-end tax planning.

We see shareholders’ agreements as important tools for safeguarding the interests of all shareholders.