September 20th, 2023
On September 14, the IRS issued a news release announcing an immediate stop to processing Employee Retention Credit (ERC) claims filed on or after September 14, 2023.
September 7th, 2023
Here are five key items management should include on the SEFA that will ensure the schedule is accurate and complete.
August 14th, 2023
There has been a significant increase in the number of private company owners considering an ESOP as a transfer strategy, so we came together to discuss a range of topics.
July 20th, 2023
Warrants are often used in private company Employee Stock Ownership Plan (ESOP) transactions to supplement the return to sellers providing subordinate debt to finance the sale. The seller debt as part of a transaction is more akin to mezzanine financing which bears higher risk and related interest rates.
June 28th, 2023
Not-for-profit organizations play a crucial role in advancing charitable causes. To operate effectively, these organizations must accurately allocate their functional expenses across different programs, activities, and support functions.
May 22nd, 2023
The recently-enacted Secure Act 2.0 made sweeping changes to retirement and qualified plan-related laws. The Act contains some relatively modest pro-ESOP provisions (hopefully paving the way for additional legislation in the near future) and marks Congressional support for the continued promotion of ESOP-owned companies. The Secure Act 2.0 contains the following employee stock ownership plan […]
April 4th, 2023
As we quickly approach this year’s tax deadline (April 18th) for individual 2022 tax returns and 2023 Q1 estimates, we wanted to remind construction contractors about tax planning opportunities and considerations to keep in mind for 2023. Below we will address sunsetting provisions that could potentially have an impact on your business’ taxable income, along […]
March 9th, 2023
Dear Clients and Friends, Kreischer Miller's Construction Industry Group is proud to support the 25th Annual Women in Construction Week (WIC Week). WIC Week was started by The National Association of Women in Construction (NAWIC) and takes place each year during the first full week of March. WIC Week celebrates and promotes the role of women in the construction industry. […]
February 22nd, 2023
Last year our State and Local Tax team developed a four-part series to provide insight into sales tax considerations during the bidding process. Given the current economic and business climate, these insights still hold true for 2023. As inflation remains high and material and supply costs follow suit, controlling your bottom line remains as important […]
February 6th, 2023
Many of us have been anxiously awaiting tax legislation change under the Biden administration to correct and mitigate several tax codes. But in order to move forward, there is value in looking back with regard to the business interest deduction limitation. The Tax Cuts and Jobs Act (TCJA) of 2017 revised Section 163(j) by imposing […]