Resource Center

Why should you consider using a General Power of Appointment to achieve a step-up in basis? A General Power of Appointment (GPOA) is a tax-efficient planning tool that can allow certain assets in an irrevocable trust to receive a step-up in income tax basis at death. Many estate planning techniques, […]

By Krystle Dalke The rise in data breaches and legal scrutiny has made a written information security policy (WISP) a necessary instrument for compliance and business continuity. But a WISP is more than a regulatory requirement—it is a core business asset that signals a company’s culture and commitment to data […]

As of December 23, 2024, employer-sponsored group health plans that are subject to the HIPAA Privacy Rule must begin complying with new obligations created by the Final HIPAA Privacy Rule to Protect Reproductive Health Care (the Final Rule). The Final Rule, which was issued by the Department of Health and […]

July 1 marks the halfway point before all corporations, LLCs, and other entities formed through a filing with a Secretary of State’s office that were in existence before 2024 must file beneficial ownership information (“BOI”) with the Financial Crimes Enforcement Network (FINCEN). This is despite a district court ruling from […]

As you may be aware, the first annual Gag Clause Prohibition Compliance Attestation (GCPCA) – which was mandated by the Consolidated Appropriations Act of 2021 and which nearly all group health plans and health insurance issuers must complete – is due no later than December 31, 2023. To help guide […]

On January 1, 2021, Congress enacted the Corporate Transparency Act (CTA). The main purpose of the CTA is to protect the United States financial system from being used for money laundering and other illicit activities. Effective January 1, 2024, nearly every corporation, limited liability company, and limited partnership must file […]

Revisions to the Form 5500 released earlier this year are about to make life a little easier for many small employers that sponsor defined contribution plans. Specifically, the revised form reflects a change to the methodology small employers must use to count participants for purposes of Form 5500 reporting and […]

On January 30, 2023, President Biden issued the long-anticipated announcement that the COVID-19 national and public health emergencies will end soon. (Yes, two different “emergencies” are currently in effect, with different consequences flowing from each, but the distinction between them is not important for our purposes.) According to the official […]

FDIC Insured Amounts for Common Types of Accounts While most Americans know that their bank deposits are insured by the Federal Deposit Insurance Corporation, also known as the FDIC, few understand how their coverage is determined.  Fewer still know that the FDIC insures beneficiaries of accounts.  This alert summarizes the […]

To read this Alert as a PDF, click here. January brings a fresh start for many businesses as they gear up for the New Year. It is when tax professionals meet with clients and request financial records to prepare tax returns for the prior calendar year. It is also a […]