PKF North America News

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.

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.

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.