Matter & Substance

Insights from our industry
to help businesses and individuals

February 5, 2024

Transfer Pricing Methods & Strategies for Your Multinational Business

Navigating the complexities of transfer pricing is a critical aspect of managing a multinational business. This practice involves determining the prices at which goods, services, and intellectual property are exchanged between affiliated entities within the same company. In this...

coorporate meeting discussing a company merger

January 31, 2024

Merger vs Acquisition: What’s the Difference?

Mergers and acquisitions are pivotal events in the business world, shaping the landscape of industries and companies. Understanding the nuances between these terms is crucial for anyone involved in strategic business decisions.

January 30, 2024

FinCEN’s Corporate Transparency Act Reporting Platform Now Open

In September of 2022, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a new beneficial owner reporting requirement for certain U.S. entities in an effort to clamp down on illicit finance and money laundering, pursuant to Congress’ Corporate...

January 24, 2024

Tips to Prepare for the 2023 Tax Season

As you begin to compile your information for the 2023 tax filing season, consider some of the following steps you can take to ensure your tax return and refund don’t face delays. Organize your tax docs early Getting your...

December 27, 2023

Planning for Net Investment Income Taxes

The 3.8% net investment income tax (NIIT) is an additional tax that applies to some higher-income taxpayers on top of capital gains tax or ordinary income tax. Fortunately, there are strategies you can use to soften the blow of...

December 21, 2023

Offset Nursing Home Costs With Possible Tax Breaks

If you have a parent entering a nursing home, taxes are probably the last thing on your mind. But you should know that several tax breaks may be available to help offset some of the costs. Medical expense deductions...

December 19, 2023

FinCEN Extends Reporting Deadline for New Companies

The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) finalized a rule last month to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports. The rule will require most U.S. corporations,...

November 29, 2023

Is It a Repair or an Improvement?

If your business completes minor repairs by December 31, you can deduct those costs on your 2023 tax return. But different tax rules apply to improvements. As opposed to repairs, improvements are capital expenditures that must be written off...

November 21, 2023

Can You Deduct 2024 Bonuses This Year?

You may be familiar with the rule that permits a business to deduct employee bonuses this year if it pays them within 2½ months after the end of the tax year. It’s an attractive year-end planning technique that benefits...

November 14, 2023

Planning an Exit Strategy for Your Business

Every business owner should have an exit strategy that helps recoup the maximum amount for their investment. Understanding the tax implications of a business sale will help you plan for—and, in some cases, reduce—the tax impact. One option is...

November 7, 2023

Weighing Your Charitable Giving Options

Private foundations can be highly effective, but they’re expensive to set up and operate. DAFs are popular alternatives, but they also have potential drawbacks.

November 2, 2023

EFTPS Access Now Requires Multifactor Authentication

Beginning October 19, 2023, US taxpayers must use multifactor authentication (MFA) in order to access the Electronic Federal Tax Payment System (EFTPS), which primarily facilitates the payment of federal taxes, including income, employment, and excise taxes, by both individuals...

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Matter & Substance

Insights from our industry to help businesses and individuals

Insights from our industry
to help businesses and individuals