Industry News

Can you benefit from the Inflation Reduction Act’s expansion of two tax incentives for energy-efficient construction of commercial and residential buildings? These are the Sec. 179D deduction and the Sec. 45L credit.

Monthly Social Security and Supplemental Security Income (SSI) benefits for more than 70 million Americans will increase 8.7% in 2023, the federal government recently announced.

The Social Security Administration (SSA) recently announced that the "wage base" for computing Social Security tax will increase for 2023 to $160,200. This is up from $147,000 for 2022.

The U.S. Department of Labor's Wage and Hour Division (WHD) recently released two Notices regarding the 2023 minimum wage rates that are going up for federal contractors.

Attention, Virginia taxpayers!You probably need to make some extra room in your bank accounts.  The Virginia Department of Taxation (“the Department”) will soon begin issuing rebates to eligible Virginia taxpayers.

Payments related to joint ventures and other so-called “collaborative arrangements” can be tricky to report under U.S. GAAP. Our accounting pros can help provide clarity and direction.

Private companies: Have you implemented the new lease accounting rules? If not, you can’t afford to procrastinate any longer. Here’s what you’ll need to do before year end and how it may impact your financials.

Pandemic-related lockdowns have forced auditors to conduct many procedures off-site. That change may not necessarily be temporary. After realizing the potential benefits, remote audit procedures may be part of the “new normal” going forward.

The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late due to the COVID-19 pandemic. Find out if you might qualify.

The Inflation Reduction Act’s Clean Vehicle Credit might alter the timing of purchasing a new or used qualifying electric vehicle. Learn why.

It’s that time of year, employers. Determine now whether your organization could be subject to an Affordable Care Act penalty for your health care coverage in 2023.

Employers: How safe is your workplace from the ever-present threat of violence? Be sure to stay wary of the specific risks to your organization.

If your organization participates in a struggling multiemployer pension plan, government help might be available. The PBGC recently finalized a rule regarding its Special Financial Assistance program.

The Inflation Reduction Act is about to become law. Learn how its tax provisions might affect you.

The CHIPS Act aims to bolster semiconductor production and economic competitiveness. Among its provisions is an investment tax credit for manufacturing facilities and equipment.

If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break.

If the upcoming back-to-school season has got you thinking about providing for your grandchildren’s educational needs, consider a family education trust.

Pitfalls abound when creating and maintaining an estate plan. Here are four to be especially aware of.

For employers looking to attract the best job candidates, a relocation package could be a benefit that puts your organization over the top.

Employers: Do you offer an employee benefits plan that must comply with ERISA? If so, step carefully when terminating an employee. A recent court case demonstrates why.

For employers looking to attract and retain key employees, a nonqualified deferred compensation plan could be a good addition to a benefits package.