A new savings vehicle—known as “Trump Accounts”—is set to launch July 4, 2026, offering families another way to build long-term financial security for their children. Created as part of recent federal tax legislation, these accounts are designed to provide a head start on investing and wealth accumulation.
To stay competitive, construction leaders must adapt to these changes while addressing long-standing challenges. Here are five surprising trends shaping the industry this year:
New legislation requires certain U.S. and foreign entities to report ownership information to the Financial Crimes Enforcement Network.
The new formula for calculating property tax on multifamily affordable housing is designed to level the playing field in Kentucky.
New PTE legislation in both Kentucky and Indiana could have a significant (and potentially positive) impact on 2022 tax filings.
The new division is designed to give clients a more holistic approach to tax, estate and wealth planning.
Employers that currently maintain a qualified retirement plan or are evaluating a future plan should consider implementing the new federal rules.
As we come to the end of 2022, here are some key tax planning and compliance topics to consider for employee benefits plans.
As we approach year end, now is the time to identify opportunities for reducing, deferring or accelerating your tax obligations. Click for a federal tax planning checklist to use as a guide.
As of Oct. 1, the IRS has raised the special per diem rates to substantiate ordinary and necessary business travel expenses away from home.
The R&D credit offset of payroll tax liability is often overlooked by small businesses, but it can be a great opportunity for some taxpayers.
The Inflation Reduction Act of 2022 includes new corporate tax provisions .
The Department of Labor takes benefit plan remittance deadlines very seriously. If you miss one, take these steps to avoid penalties.
Missing remittance deadlines for employee contribution plans can carry significant penalties. Here’s how to avoid them.
Nonprofit salary increase budgets are on the rise to levels not seen in years, according to BDO’s first-quarter 2022 Pulse Survey.
From long call wait times to tax return processing errors and delays, the IRS staffing shortage is having a big impact on taxpayers.
After the rollercoaster of past two years, every business should take advantage of a lease audit to evaluate their real estate portfolio.
Kentucky HB 8 enacts a short-term tax amnesty program set to begin in October, and expands the list of services required to pay sales and use tax.
