PKF North America News

Reading time: 1 minute 30 seconds We’re attempting to bring humor to the humorless Beneficial Ownership Information (BOI) reporting drama. Enjoy this hot take from our very own Rob Flowers, Tax Director. The recent BOI FinCen reporting soap opera is confusing! On again, off again, it’s akin to a middle school relationship wrought with frustration … Continued The post The BOI FinCEN Soap Opera: A Confusing Legal Affair—Not a Tax Issue first appeared on JLK Rosenberger.

JLK Rosenberger welcomes Karsten & Company, PLLC, to the firm effective March 1, 2025. The addition expands JLK Rosenberger’s ability to help insurers navigate the accounting, regulatory, and business challenges they face and increases the firm’s team of hands-on, problem-solving professionals. Bill Rosenberger, Partner-in-Charge of the firm’s insurance practice, said, “We are thrilled to welcome … Continued The post Karsten & Company Joins JLK Rosenberger, Expanding Outsourced Accounting and Advisory Capabilities for Insurers first appeared on JLK Rosenberger.

Reading time: 3 minutes Offering a retirement plan is a strategic move for construction companies looking to attract and retain skilled workers. According to a recent study, the construction industry will need 439,000 net new workers in 2025 to meet demand, yet 94% report difficulty finding workers. With ongoing labor shortages, competitive benefits can make … Continued The post Retirement Plan Options for California Construction Companies first appeared on JLK Rosenberger.

Reading time: 6 minutes It is that time of year when you receive envelopes marked “Important Tax Document Enclosed.” You think to yourself, “It can’t be that time already since I just finished last year’s taxes!” But, as they say, time flies and tax season is upon us again. You may have just received an … Continued The post Get Ready for Tax Season: Essential Steps to Simplify Your Filing Process first appeared on JLK Rosenberger.

Key Points: You never know when your not-for-profit might experience a financial blow. With the current efforts in Washington to slash expenses, some nonprofits have already lost federal funding and […]

Attracted by one of the largest markets in the world, Chinese companies have been increasing investments in the U.S. significantly since 2009, in many cases establishing subsidiaries or starting new businesses on American soil. But bringing investment, technology and jobs to the U.S. is a complicated undertaking, fraught with state and federal laws and regulations … Continued The post Chinese Businesses See Opportunity in U.S. Operations first appeared on JLK Rosenberger.

Reading time: 1 minute, 30 seconds The last remaining court injunction that prevented enforcement of the Beneficial Ownership Information (BOI) reporting requirement for small businesses was lifted this week by the U.S. District Court for the Eastern District of Texas. The court’s action on February 18, 2025, clears the way for the U.S. Treasury Department … Continued The post Government Sets March 21, 2025, as New BOI Reporting Deadline as Injunctions are Lifted first appeared on JLK Rosenberger.

Key Points: Saving for retirement is a crucial financial goal and a 401(k) plan is one of the most effective tools for achieving it. If your employer offers a 401(k) […]

Section G on Form 6765 is optional for all taxpayers for 2024 but will be mandatory for certain taxpayers beginning for tax year 2025. The newly released Form 6765 instructions provide additional guidance for this section. JLKR breaks these requirements down below. Who will Section G apply to? Taxpayers that are not an eligible Qualified … Continued The post Start Preparing for Mandatory Section G Reporting for 2025 first appeared on JLK Rosenberger.

Reading Time: 2 minutes 15 seconds The SECURE Act 2.0, signed into law in late 2022, calls for additional changes to retirement plan savings and administration regulations. The legislation includes over 90 different provisions, including automatic enrollment, changes to catch-up contributions, an increase in the Required Minimum Distribution (RMD) age, and a reduction in the … Continued The post DOL Launches Retirement Savings Lost and Found Database first appeared on JLK Rosenberger.

We’re delighted to welcome Plenus Tax & Accounting LLC to our global network.

HOUSTON – February 12, 2025– Pannell Kerr Forster of Texas, P.C. (PKF Texas) is pleased to announce the promotion of Kimberly Henry, CPA, CEPA to Audit Director. This promotion was […]

We are proud to welcome PKF JC & Asociados as a new member of the PKF Global network, strengthening our presence and coverage across Latin America.

A recent report by Abernathy Daley 401k Consultants found that over 80% of companies with 100 or more employees are overpaying on administrative fees for 401(k) and 403(b) plans. While there have been opportunities over the past three years for companies to reduce fees, the report shows that many employers have not taken the time … Continued The post Study Finds Employers are Overpaying on Retirement Plan Fees first appeared on JLK Rosenberger.

Key Points: If your not-for-profit wants to make an organization-wide New Year’s resolution for 2025, how about this: Strengthen our brand. Although branding strategies usually are associated with the for-profit […]

Key Points: Medicare health insurance premiums can add up to big bucks — especially if you’re upper-income, married, and you and your spouse both pay premiums. Read on to understand […]

Your not-for-profit organization likely has at least one special event planned for 2025. Whether it’s a formal dinner dance, holiday gift market, 5K run, industry conference or other type of […]

Key Points: The reelection of Donald Trump as President and control of the U.S. Congress by Republicans are anticipated to usher in changes that could financially impact the not-for-profit sector. […]

Key Points The hubbub of the year-end giving season, combined with holiday absences, can make your not-for-profit vulnerable to fraud. You’ll need to be particularly vigilant if you generally rely […]