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Refunds Available for Qualifying Diesel Purchases Going Back Three Years
JLK Rosenberger LLP - 2024-05-20

Refunds Available for Qualifying Diesel Purchases Going Back Three Years

Reading Time: 3 minutes When buying diesel fuel at a gas station, part of the price is a federal highway use tax of 24.4 cents per gallon. However, if the diesel is purchased to fill construction equipment such as front loaders and road graders used exclusively off highways, a contractor can claim a tax credit … Continued The post Refunds Available for Qualifying Diesel Purchases Going Back Three Years first appeared on JLK Rosenberger.

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2024 Presidential Tax Plans Reveal Vastly Different Priorities Between the Frontrunners
JLK Rosenberger LLP - 2024-05-14

2024 Presidential Tax Plans Reveal Vastly Different Priorities Between the Frontrunners

Presidential candidates typically formulate their tax plans in bits and pieces throughout the long campaign season, with the proposals coalescing into a comprehensive plan sometime in the early fall before the general election. So far in 2024, frontrunners President Joe Biden (D) and Donald Trump (R) have publicly discussed several tax proposals they hope to … Continued The post 2024 Presidential Tax Plans Reveal Vastly Different Priorities Between the Frontrunners first appeared on JLK Rosenberger.

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IRS Extends Relief for Required Minimum Distributions
JLK Rosenberger LLP - 2024-05-09

IRS Extends Relief for Required Minimum Distributions

Reading Time: 3 minutes 15 seconds Required Minimum Distributions (RMDs) are essential in retirement planning, mandating that retirees withdraw and utilize savings from tax-advantaged accounts like IRAs and 401(k)s throughout retirement years. Recently, IRS Notice 2024-35 has introduced significant adjustments to these distributions, focusing on beneficiaries who manage inherited retirement accounts. The notice also announces … Continued The post IRS Extends Relief for Required Minimum Distributions first appeared on JLK Rosenberger.

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Corruption: Top Fraud Threat to Construction Companies
JLK Rosenberger LLP - 2024-05-06

Corruption: Top Fraud Threat to Construction Companies

Reading time: 2 minutes 20 seconds Fraud is a persistent concern amongst construction companies due to the opportunities for illegal behavior to occur undetected. The size and scope of many projects make it nearly impossible to implement adequate protections. Concerns about bid rigging, billing schemes, equipment/asset theft, larceny, and skimming are just a few ways … Continued The post Corruption: Top Fraud Threat to Construction Companies first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-05-01

Maria Vigul Elected to Serve as Vice President on Board of CalCPA, Los Angeles Chapter

We are proud to announce that Maria Vigul, Senior Manager at JLK Rosenberger, has been nominated and elected as Vice President on the Los Angeles Chapter of the California Society of CPAs (CalCPA) board for the 2024-2025 term. Maria previously served a 2-year term as a Director on the chapter’s board. The Los Angeles Chapter … Continued The post Maria Vigul Elected to Serve as Vice President on Board of CalCPA, Los Angeles Chapter first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-04-26

IRS Guidance on SECURE Act 2.0 Provisions

The SECURE Act 2.0, signed into law in late 2022, is designed to make retirement savings easier by calling for expanded access to workplace retirement plans, increased saving opportunities, and streamlined administration. The Act includes over 90 provisions that impact operations, accessibility, benefits, and incentives for participants and employers. Given the many changes, the IRS … Continued The post IRS Guidance on SECURE Act 2.0 Provisions first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-04-22

NIST CSF 2.0 and its Impact on Small Businesses

Updated: May 2, 2024 On February 26, 2024, the National Institute of Standards and Technology (NIST) released the long-awaited NIST Cybersecurity Framework (CSF) 2.0, a comprehensive high-level document that guides for organizations to manage cybersecurity risks. The NIST CSF 2.0 departs from the previous release by adding small businesses to its target audience. In addition … Continued The post NIST CSF 2.0 and its Impact on Small Businesses first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-04-12

Understanding ‘Beneficial Owner Information’ (BOI) Reporting Requirements

Reading time: 3 minutes 30 seconds Starting January 1, 2025, corporations, limited liability companies and similar entities will be required to report certain “beneficial owner information” (BOI) to FinCEN — the Financial Crimes Enforcement Network arm of the U.S. Treasury Department — under the provisions of a 2020 law called the Corporate Transparency Act (CTA). … Continued The post Understanding ‘Beneficial Owner Information’ (BOI) Reporting Requirements first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-04-03

JLK Rosenberger Named a Top Firm and Regional Leader by Accounting Today

JLK Rosenberger, a regional CPA firm headquartered in California, has been named a 2024 Top Firm and Regional Leader in the West by Accounting Today. The West Region includes Nevada, Oregon, California, and Washington firms. Mike French, JLK Rosenberger’s Managing Partner, expressed, “We are honored to be recognized by Accounting Today’s Top Firms as a … Continued The post JLK Rosenberger Named a Top Firm and Regional Leader by Accounting Today first appeared on JLK Rosenberger.

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JLK Rosenberger LLP - 2024-03-18

EBITDA: How Does It Impact the M&A Process?

Reading time: 2 minutes 30 seconds Financial metrics play a pivotal role in evaluating a target company’s potential and negotiating favorable terms in a merger or acquisition. Among these metrics, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is among the most commonly used and influential figures. EBITDA is a crucial indicator of a company’s … Continued The post EBITDA: How Does It Impact the M&A Process? first appeared on JLK Rosenberger.

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