LATEST NEWS
Buried in OBBBA: A New 1% Excise Tax on Foreign Remittances
When the One Big, Beautiful Bill Act (OBBBA) was passed
Are you missing any job based retirement benefits from prior jobs?
Effective 2025, the Employee Benefits Security Administration ESBA launched a website Retirement Savings Lost and Found database that
U.S. Treasury announces the suspension of BOI for U.S. entities
Today, the U.S. Treasury Department announced the suspension of enforcement for Beneficial Ownership Interest (BOI) against U.S. Citizens
Putting your kids on payroll for tax savings
If you are a business owner, it might be positive to employ your kids or other family members
Taxation on gifts or bequests from US person versus foreign person
At the Federal level, receiving a gift or inheritance has different implications if the donor is a US
MORE NEWS
IRS Whistleblower Office released the first multi-year operating plan
In the IRS IR-2025-53 released mid April 2025, the IRS provided details on the multiyear strategy. Per the communication, "... since the
New annual report for Pennsylvania entities starting 2025
If you conduct business in Pennsylvania, there is a new annual report requirement starting 2025. Legal Background The new annual reporting requirement
Victor Garrido, CPA, our Managing partner, recognized as Best in State CPA by Forbes
Our Managing partner Victor Garrido has been recognized as Best in State CPA by Forbes in its first edition. As mentioned in