Entrepreneurialism is alive and well, with thousands of upstarts becoming startups each year. The pattern is familiar: come up with a marketable idea, develop a…
In 2015, the Department of Labor issued an audit quality study, “Assessing the Quality of Employee Benefit Plan Audits,” which concluded that 39% of audits…
First Look at the Tax Cuts and Jobs Act
Impact on Employee Compensation and Benefits
On December 22, 2017, H.R. 1, commonly referred to as the Tax Cuts and Jobs Act (TCJA), was enacted into law. The TCJA contains numerous…
Defining Wealth (Inconsistently) in the Tax Code
Framing the Tax Reform Debate
The current debate on tax reform features familiar framing from policymakers on all sides, the familiar sound bites of “the rich should pay their fair…
Vacation Vouchers and Other Benefits as Incentives
Special Tax Considerations
Consider the following scenario: a taxpayer enthusiastically informs his CPA that his old family car was donated. Upon further inquiry, the CPA is satisfied that…