by Eric Landro | Jan 18, 2023 | Uncategorized
Robert L. Tobey, CPA, Partner SUMMARY On January 13, 2023, the IRS issued Chief Counsel Memorandum (CCM) 202302012 stating the following: If a taxpayer donates cryptocurrency valued more than $5,000 to a charity, a qualified appraisal is required under Internal...
by Eric Landro | Jan 18, 2023 | Uncategorized
Many small businesses start out as “lean enterprises,” with costs kept to a minimum. This is done to lower risks and maximize cash flow. But there comes a point in the evolution of many companies when investing money in employee benefits becomes advisable. This is...
by Eric Landro | Jan 17, 2023 | Uncategorized
If you have a child or grandchild in college — congratulations! There are ways to help pay for college through tax-saving. To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a...
by Eric Landro | Jan 16, 2023 | Uncategorized
Are you worried your business won’t receive what a liquidating creditor owes it? In most cases, liquidating companies come by their financially distressed situations honestly. But there’s always a chance that a debtor has made fraudulent transfers or taken other steps...
by Eric Landro | Jan 16, 2023 | Uncategorized
If your small business has a retirement plan, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over several years. SECURE...
by Eric Landro | Jan 16, 2023 | Uncategorized
Late last year, the Consolidated Appropriations Act, 2023 (CAA 2023) was signed into law. There’s been much of the discussion about this massive spending package. It has centered on the Setting Every Community Up for Retirement Enhancement 2.0 Act. It’s a...
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