Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.(view article)
2025, 2024, and 2023 Pension Plan Limitations & Social Security Wage Base (view article)
For convenience purposes, we have listed below the current amounts of the Section 179 and bonus depreciation limits. As with all tax regulations, there are stipulations and exceptions. Please call us with any planning we can assist you with.(view article)
The federal estate top tax rate is 40%. The Federal estate tax exemption is $13,990,000 for 2025. The exemption for 2024 is $13,610,000. The annual gift exclusion is $19,000 in 2025 and $18,000 in 2024.
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We were notified by the Peer Review Committee Reporting Acceptance Body that our most recent triennial peer review report with a pass rating was accepted. A "pass" rating is the highest form of rating a CPA firm can receive.(view article)
President Signs Omnibus Bill; Including Secure 2.0 Act of 2022(view article)
President Signs Scaled Back Reconciliation Bill Into Law
On March 11, 2021, President Biden signed the American Rescue Plan Act of 2021(view article)
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