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…
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…
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…
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…
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…
Get Organized for the 2025 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…
What if: The Importance of Estate Planning for Business Owners
It’s critical that business owners have a documented estate plan. In the event of an emergency — a situation involving their sudden death or disability — it’s…
Are You Up to Date on Cybersecurity for Your Manufacturing Company?
Corrigan Krause CPAs and Consultants shares some hidden areas that may present threats to your manufacturing company’s cybersecurity.…
What Nonprofits Need to Know About the IRS Electronic Filing Requirements
Corrigan Krause CPAs and Consultants discusses the effects of IRS regulations on nonprofit organizations, including reduced paperwork, expanded electronic filing and implications for tax-exempt status…