TCJA Sunset Provisions

Preparing for Change: Strategic Tax Planning for High-Income Earners Ahead of TCJA Sunset Provisions

Written by: Stephen Candelario, CPA As key provisions of the Tax Cuts and Jobs Act (TCJA) approach sunset, high-income earners find themselves at a pivotal moment. Post-2025, several advantageous provisions are set to expire. This article explores the significant changes…

Understanding the Tax Relief for American Families and Workers Act of 2024

The House Ways and Means Committee approved The Tax Relief for American Families and Workers Act of 2024, symbolizing a legislative victory for taxpayers, especially small business owners and professionals. This proposed legislation deserves a detailed look due to its…

New Requirement to Cover Long-Term Part-Time Employees in 401(k) Plans Enters Into Effect

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act of 2019) and the SECURE 2.0 Act of 2022 (collectively, SECURE) enacted a new mandate that, starting in 2024, long-term, part-time (LTPT) employees must be allowed to…
common fringe benefits

2023 Year-End Reminders Regarding Common Fringe Benefits, Special Rules for 2% S Corp Shareholders

As 2023 draws to a close, employers should review whether they have properly included the value of common fringe benefits in their employees’ and (if applicable) 2% S corporation shareholders’ taxable wages. This is especially true for 2023 and beyond,…