Matter & Substance

Insights from our industry
to help businesses and individuals

November 23, 2022

Five Considerations for Minimizing Your 2022 Taxes

Tax laws change frequently and increasing complexity can make it hard for high-income earners and high-net-worth individuals to stay on top of the latest tax strategies. The “trick” to minimizing your federal income tax liability is understanding the rules...

November 10, 2022

Locking in Tax Savings

Because the Tax Cuts and Jobs Act (TCJA) has put estate, gift, and generation-skipping transfer (GST) tax exemptions at record-high levels, far fewer taxpayers are worrying about these taxes—but the high exemptions are only temporary. So, whether or not...

November 3, 2022

Tax Planning for Your Exec Comp Package

Compensation may take several forms, including salary, fringe benefits and bonuses. If you’re an executive or other key employee, you might receive stock-based compensation, such as restricted stock, restricted stock units (RSUs) or stock options (either incentive or nonqualified)....

November 1, 2022

IRS Announces 2023 Inflation Adjustments

This fall, the IRS announced inflation adjustments for tax year 2023, including tax rate schedules, the standard deduction, and more than 60 other provisions. While this list is not exhaustive, we wanted to highlight the changes that will most...

October 26, 2022

IRS Notice Clarifies RMD Questions for Defined Contribution Plans

On Friday, October 7, 2022, the IRS issued Notice 2022-53 to reaffirm guidance for defined contribution (DC) plans on required minimum distributions (RMDs). In response to complaints and questions from beneficiaries subject to the 10-year rule plus the annual...

October 13, 2022

Understanding the Expanded Electric Vehicle Tax Credits

On January 1, 2023, the Electric Vehicle Tax Credits will be distributed under new rules. With the passage of the Inflation Reduction Act (IRA), more than $300 billion will be invested in energy and climate reform, making it the...

October 4, 2022

Fraud Caution to Clients Pursuing the Employee Retention Credit

In recent months, we have seen in increase in bad or inadequate actors soliciting work related to the Employee Retention Credit. Due to the lack of IRS guidance on the subject, some are taking a very liberal interpretation or...

September 29, 2022

How the Fed’s Rate Hike Affects Your Expenses

No matter their income level, most Americans have felt the effects inflation is having on the cost of living. Despite predictions to the contrary, the annual inflation rate in August was 8.3% — down only slightly from the month...

September 13, 2022

Businesses Can Still Apply for the Employee Retention Credit

In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act’s employee retention credit. Navigating and interpreting the complicated details of the legislation is necessary to determine eligibility and calculate an accurate ERC. However, the requirements...

September 6, 2022

Matter & Substance

Insights from our industry to help businesses and individuals

Insights from our industry
to help businesses and individuals