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Weigh Your Options: What to consider when investing in real estate

There are levels of real estate investment. Someone could earn a return renting a cabin or they could be investing with a group, pulling funds…
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New for 2024: 529-to-Roth Rollover Provision in the SECURE Act 2.0

Taxpayers can now rollover certain 529 plans that went unused for educational purposes to a Roth IRA in the name of their beneficiary.…
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Accounting System Changes to Consider for 2024

Why is it important to update accounting systems? As a business leader, you know every business needs an accounting system to track revenue and expenses,…
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Dig into Details: How findings during tax seasons can help shape strategic planning

Corrigan Krause Senior Valuation Analyst Jason Morel recently talked with Smart Business. Below is the full interview, which appeared in the March 2024 issue of Smart Business. When…
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TAX UPDATE FOR 2024: New Requirement for Reporting Employer Identification Number (EIN) for Partnerships

The IRS recently introduced a new requirement that impacts Syndication Groups with Self-Directed IRA (SDIRA) investors: Beginning in tax year 2022, if you have a…
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TAX SEASON 2024: Tax Relief for American Families and Workers Act of 2024 Extends Expired Tax Credits and Deductions

The US House recently passed a bipartisan bill that extended several expired tax credits and deductions, as well as changed certain filing deadlines. These changes…
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Dig into the Details: The value a quality of earnings report offers ahead of a company sale

A quality of earnings report is used when buying or selling a company to shed light on the state of a business. It seeks to…
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New Secure Act 2.0 Tax Credits

Effective January 1, 2023, the Secure Act 2.0 expanded the existing startup tax credit on employer plan costs and created a substantial new startup credit…
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What You Need to Know About the Corporate Transparency Act

The Corporate Transparency Act (CTA) was enacted in 2021 to combat illicit business activities, such as tax fraud, money laundering, financing terrorism, and more. The…
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Get Organized for the 2024 Tax Season: 5 Organization Tips from the Corrigan Krause Tax Team

The beginning of a new year is a great time to start getting organized for tax season. Here are four tips from our tax team…