The current federal estate and gift tax exemption is $12.92 million per person and $25.84 million per married couple for 2023. This means that you can transfer this amount of wealth to your heirs or beneficiaries without paying any federal…
We continue to monitor Corporate Transparency Act (CTA) developments. Two recent regulatory actions were announced by the Financial Crimes Enforcement Network (FinCEN), the bureau responsible for enforcing CTA provisions. Both regulatory actions are intended to help ease the reporting burden…
As the year-end quickly approaches, strategic tax planning opportunities are ripe for consideration. But you need to move quickly before it’s too late! One such opportunity involves harvesting unrealized tax losses from your digital currency portfolio. Like tax loss harvesting…
KT will be hosting our annual Construction Industry Lunch & Learn from 12-1pm on Wednesday, December 13th. Our presenters will be returning from the AICPA Construction Industry conference with the latest updates on legislation, cash management, and the changing labor…
Thank you for serving and protecting this great nations of ours! Heather Grace I served from 1994 – 1997, Army, Specialist (E4). I was stationed in Fort Gordon, GA and Ft. Bad Aibling Germany during my time. My husband…
This is a question that many rental investors have been asking and the answer is complicated. Higher interest rates will likely reduce the return on investment (ROI) and cash flow of your rental property due to increased mortgage payments. If…
Over the past few months, I have enjoyed experimenting with the free version of ChatGPT. This artificial intelligence (AI) tool provides an efficient way to generate content for routine human resources (HR) tasks applicable to any employer. My first…
This article is relevant to entities following generally accepted accounting principles as issued by the Government Accounting Standards Board (GASB). In general, this article does not apply to for-profit or non-profit entities. Most governments have put the final polishing touches…
As promised in my earlier newsletter article “Making Translucency Out of Transparency: Our Take on the Corporate Transparency Act” (June 20, 2023), we are continuing to monitor developments on this new significant reporting law. As we rapidly approach 2024,…
Do you work with sensitive or confidential information? I am sure you do and as you continue reading, you will learn more about two security models that are worth investigating and implementing in your business environment. This article briefly focusses…
