New York City Allows Cannabis Operators to Deduct Business Expenses from Local Taxes

The signing of this bill by Governor Kathy Hochul marks a significant milestone for the cannabis industry in New York City.

Are Brokerage Accounts Taxed? – Features Naomi Ganoe

Your Clients May Not Know About This Capital Gains Tax Break – Features Bill Smith

Riding the Cash Flow Wave: Strategies for Not-for-profits in 2024

As the year draws to a close, not-for-profit organizations find themselves at a critical juncture: reflecting on the past and planning for the future. A key area of focus? Cash flow management. With the unique challenges of delayed grant reimbursements and seasonal revenue patterns, the upcoming year presents an opportune time for not-for-profits to fine-tune their financial strategies.

Ongoing Labor Shortage Calls for Innovative Accounting and Finance Outsourced Solutions

Business leaders setting 2024 revenue goals must consider whether the quality and quantity of current staffing will be sufficient to meet strategic business goals. The unemployment rate remains low in a tight job market, and the confluence of pandemic-inspired retirements and the retiring Boomer workforce has stretched some organizations to their breaking points, draining much-needed senior-level expertise. The solution calls for the development of a skills roadmap, and the right balance of talent sourcing strategies and outsourced accounting and business services.

New Jersey Cool Program Offers Financial Support for Eco-Friendly Retrofits in Commercial Buildings

The NJ Cool Program aims to support retrofit construction projects in existing commercial buildings by providing grants that cover 50% of eligible project costs.

What to Look for in a Cost Segregation Study Partner

As we approach the end of the year, businesses are focusing on strategies to save money and make financially sound decisions for 2024. A key approach in this endeavor is cost segregation, an effective method to increase near-term cash flow by deferring federal and state income taxes for new constructions, renovations or newly acquired buildings through accelerated depreciation deductions.

As The IPO Window Reopens, Will Your Company Be Ready?

The IRS Is Cracking Down on an Insurance Strategy Commonly Used as a Tax Shelter – Features Bill Smith

Key Considerations for 2024 Corporate Tax Planning, Including Capitalizing Technology Expenditures, and the IRS’ Use of Artificial Intelligence

Whether taxpayers are having a good year, rebounding from recent losses, or still struggling to get off the ground, tax planning is an integral part of any corporation’s overall business planning.

The Migration of High-Net-Worth Individuals to Low-Income Tax Jurisdictions

However, residency break-ups are never easy, and high-income tax states dedicate a lot of human capital and financial resources to ensuring they get their share of tax.

Comprehensive Tax Strategies: Maximizing Your Estate and Gift Exemptions

Federal estate and gift tax exemptions, intertwined with their looming sunset and rising inflation, offer unique and pressing estate planning opportunities.

Untapped Potential: Why Companies Overlook Millions in State Incentives

Companies should consider consulting tax credits and incentives professionals to assist with obtaining and negotiating tax credit incentives.

States’ Effort to Find and Collect Unclaimed Property is on the Rise

In this current unclaimed property climate, it appears that it is not a matter of “if” a company gets a notice but “when,” if it does not file annual unclaimed property reports.

The Hidden Costs of Non-Compliance: The Importance of Sales & Use Tax

In today’s landscape of ever-evolving state and local tax laws, ensuring tax compliance is increasingly complex.