Tax Writers Approve Massive Tax Bill with Important Implications
On May 14, 2025, the House Ways and Means Committee approved a large tax bill that would make expiring provisions of the Tax Cuts and Jobs Act (TCJA) permanent.
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Nonprofits Should be Proactive When Hiring an Investment Advisor
Investment fraud has become a significant threat to nonprofits, with criminals posing as legitimate advisors to gain control of assets. Nonprofits should be cautious of unrealistic promises and ensure their advisors are transparent, accessible, and subject to outside audits.
Read MoreImplementing Effective Strategies to Attract and Retain Skilled Employees for Manufacturers
Manufacturing companies face the challenge of attracting and retaining skilled employees in today's competitive labor market. To stand out, they must build a compelling employer brand that emphasizes career growth opportunities, investment in technology, and a commitment to employee well-being.
Read MoreEnsure Compliance When Hiring an Independent Contractor
Correctly classifying workers as either employees or independent contractors is crucial to avoid costly consequences such as audits, back taxes, penalties, and lawsuits. Guidance is provided on understanding worker classification, the implications of misclassification, and the cautious use of Form SS-8 to request IRS determinations.
Read MoreAudit Readiness Tips: How Government Agencies Can Best Prepare for an Audit
Federal, state, and local government agencies are subject to external audit requirements, so it’s in your agency’s best interest to practice something known as audit readiness.
Read MoreManaging Debt After Death
When a person dies, their estate is responsible for managing and settling their debts. The executor must take inventory of assets and debts, prioritize payments, and handle exempt assets and debt assumptions.
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