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JLK Rosenberger LLP - 2025-02-20

Government Sets March 21, 2025, as New BOI Reporting Deadline as Injunctions are Lifted

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.

JLK Rosenberger LLP - 2025-02-18

Start Preparing for Mandatory Section G Reporting for 2025

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.

JLK Rosenberger LLP - 2025-02-15

DOL Launches Retirement Savings Lost and Found Database

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.

JLK Rosenberger LLP - 2025-02-06

Study Finds Employers are Overpaying on Retirement Plan Fees

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.

JLK Rosenberger Wins 2025 Best of Accounting Award

JLK Rosenberger, a leading accounting firm, announced today that they have won the Best of Accounting Award for providing superior service to their clients. ClearlyRated’s Best of Accounting® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of 2025 Best of Accounting winners are 1.6 times … Continued The post JLK Rosenberger Wins 2025 Best of Accounting Award first appeared on JLK Rosenberger.

For California Wildfire Victims, a 1033 Exchange Offers Flexibility and Tax Benefits

Reading Time: 5 minutes 45 seconds No doubt, the victims of Southern California’s wildfires of January 2025 are still catching their breath and trying to envision how they will rebuild their lives after the loss of homes, businesses and communities. Inevitably, some will make the difficult decision not to rebuild and will move on. For … Continued The post For California Wildfire Victims, a 1033 Exchange Offers Flexibility and Tax Benefits first appeared on JLK Rosenberger.

Understanding Purchase Price Allocation in Mergers and Acquisitions

In the complex landscape of mergers and acquisitions (M&A), purchase price allocation (PPA) plays a pivotal role when a transaction qualifies as a business combination. It is a critical accounting process that involves allocating the purchase price of an acquired company into its various components, including tangible and intangible assets, and liabilities. This allocation is … Continued The post Understanding Purchase Price Allocation in Mergers and Acquisitions first appeared on JLK Rosenberger.

Changes to Claiming the R&D Tax Credit on Original Returns

Reading Time: 3 minutes The IRS recently published the draft version of IRS Form 6765 for filing the R&D Tax Credit. The original draft form included additional information to submit when filing original tax returns. The revised draft appears to incorporate several of the comments received and is designed to reduce taxpayer burden and optimize … Continued The post Changes to Claiming the R&D Tax Credit on Original Returns first appeared on JLK Rosenberger.

2025 California Construction Industry Forecast

Welcome to our 2025 California Construction Industry Forecast. The data in this report is obtained through our non-exclusive license with Construct Connect, one of the largest construction data providers in the U.S., and our own proprietary research and internal data. 2025 looks to be another strong year for the California Construction Industry, and according to … Continued The post 2025 California Construction Industry Forecast first appeared on JLK Rosenberger.

BOI reports remain voluntary despite Supreme Court action

The U.S. Supreme Court on Thursday, January 23, 2025, lifted an injunction that had put on hold a federal anti-money laundering law – the Corporate Transparency Act (CTA) – as a legal challenge proceeds in a lower court. However, because there are multiple legal challenges moving through the courts, there is still an injunction in … Continued The post BOI reports remain voluntary despite Supreme Court action first appeared on JLK Rosenberger.

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