Articles Archives

Action May Be Required: IRS Announces Unclaimed Refunds

The IRS recently announced approximately $1 billion in unclaimed refunds for the 2020 tax year. This dollar amount affects almost…

Kelly McNicholasMay 3, 2024

Articles Employee Benefit Plan Audits

Maximizing Retirement Benefits: Navigating SECURE 2.0 for Employers with Existing Plans

Employers play a key role in helping their employees prepare for retirement. Retirement savings plans are an invaluable benefit to…

Brianna WalshApril 10, 2024

Articles Employee Benefit Plan Audits

How Employers and Employees Benefit from the SECURE Act 2.0 – For New Plans

If you have been thinking of starting a 401(k) plan for your employees, now may be the time to take…

Brianna WalshApril 10, 2024

Articles Community Associations

Structural Integrity and Reserve Funding

On January 8, 2024, Governor Phil Murphy enacted the landmark Structural Integrity Legislation (S2760), a crucial response to the tragic…

Mohammed SalyaniMarch 11, 2024

Articles PILOT

Federal Income Tax Basis vs. GAAP Principles

Federal Income Tax Basis vs. Generally Accepted Accounting Principals: Rental Income The Federal Income Tax Basis of Accounting, often referred…

Cara GrayMarch 8, 2024

Articles Tax Law Resources Tax Services

Potential Tax Legislation is on the Horizon – How Could It Affect Your 2023 Tax Filings?

On January 31, 2024, the House of Representatives passed the "Tax Relief for American Families and Workers Act of 2024"…

Stephanie HolstonFebruary 8, 2024

Articles Estate and Trust Tax Services

Federal Gift & Estate Tax Exemption and Annual Exclusion Updated for Inflation

As we are already more than halfway through January, there is no better time than the present to start planning…

Justin DekovicsJanuary 19, 2024

Articles Business Tax Tax Services

Proposed Legislation Ends Employee Retention Credit Claims After January 31, 2024

Lawmakers have announced a tentative agreement for bipartisan tax legislation. It has not yet been voted on by the Senate…

Stephanie HolstonJanuary 17, 2024

Articles Business Tax Tax Law Resources

IRS Announces Voluntary Disclosure Program for Erroneous ERC Claims

The IRS recently announced a Voluntary Disclosure Program (“VDP”) for employers who filed erroneous Employee Retention Credit (“ERC”) claims. Announcement…

Stephanie HolstonJanuary 11, 2024

Articles Business Tax Life Sciences & Pharma

Licensing or Sale of Intellectual Property

Collaboration agreements are often seen as a means for life sciences, biotechnology, and other companies to share the risks often…

Tim TorresDecember 7, 2023

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