Harmonizing Global Climate-Related Disclosure Standards: A Comparative Analysis of SEC, EU CSRD, and California Legislation
November 22nd, 2024 In an era where sustainability and climate accountability are increasingly critical to corporate governance, regulations surrounding climate-related disclosures are becoming more expansive and globally aligned. From the SEC’s proposed rule on “The Enhancement and Standardization of Climate-Related Disclosures for Investors” to the EU’s Corporate Sustainability Reporting Directive (CSRD) and California’s SB 253 […]
Read MoreEssential Steps to Launching a Successful Small Business
July 4th, 2024 Starting a small business is a rewarding yet complex endeavor, requiring careful planning and execution. As a CPA with 24 years of experience, I have guided numerous entrepreneurs through the process of setting up their businesses. This article outlines crucial steps to help protect your personal assets, optimize tax benefits, and ensure […]
Read MoreTCJA Sunsetting: What This Means for Your Tax Bill
Caroline J. Marschall June 11th, 2024 Starting January 1, 2026, several provisions of the Tax Cuts and Jobs Act (TCJA) will expire, leading to significant changes in the tax code. Here are the key changes, along with additional important information: The tax hikes from TCJA expiration would vary across the United States, with the largest […]
Read MoreAn Argument Against Holding Real Estate in an S Corporation
As a CPA, it is crucial to understand the tax implications of different business structures for real estate holdings. One common mistake is placing real estate properties into an S Corporation (S Corp). Here are several compelling reasons why this should be avoided: 1. Taxation on Distributions When real estate is held in an S […]
Read MoreIRS “Dirty Dozen” Tax Schemes
November 17th, 2023 The “Dirty Dozen” is an annual list released by the Internal Revenue Service (IRS) in the United States that highlights common tax scams and schemes that taxpayers may encounter. The list is meant to raise awareness and help individuals and businesses protect themselves against fraudulent activities. Keep in mind that the specifics […]
Read MoreWhat is Carried Interest?
What is Carried Interest? October 2023 Carried interest, often abbreviated as “carry,” is a financial arrangement commonly used in the private equity and venture capital industries, as well as in some hedge funds and real estate investments. It represents a share of the profits that investment professionals, such as fund managers or general partners, receive […]
Read MoreMarried Filing Joint or Separately?
Filing your taxes as “Married Filing Separately” (MFS) is generally less common than filing jointly for married couples because it often results in a higher tax liability and limits access to certain tax benefits. However, there are some situations where filing separately might make sense. Here are some reasons why you might consider filing MFS: […]
Read MoreDealer vs Investor
Article: Dealer vs Investor From the perspective of the Internal Revenue Service (IRS) in the United States, the distinction between a dealer and an investor is important for tax purposes, particularly in the context of buying and selling securities, real estate, or other assets. The categorization as a dealer or an investor can have significant […]
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