Articles

Tax Planning Shifts After Election
For months, taxpayers have been eyeing the end of tax cuts written into law in 2017 with the Tax Cuts and Jobs Act, enacted during
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IRS Hikes Estate, Gift Tax Exemptions; Boosts Standard Deduction
In a move that wealthier taxpayers and their financial advisors will welcome, the Internal Revenue Service today announced inflation-adjusted increases to both the estate and
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End-of-Year Financial Planning: Maximizing Your Tax Benefits in 2024
Introduction As the 2024 fiscal year draws to a close, small businesses face the critical task of examining their financial strategies to maximize tax benefits.
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Older Clients' Charitable Vehicles Require Extra Tax Planning
Age and wealth often make clients more charitably inclined. But it’s important for them to plan for how they’re going to gift their cash and
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How To Protect Yourself And Your Family From Financial Scams
Scammers steal funds from unsuspecting victims, making them financially unprepared for other “Grandma, I’m in jail and I need you to wire $10,000 for bail,”
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Clients Must Consider Taxes Before Moving Overseas, Advisors Say
The political turmoil of the U.S. may be inspiring some wealthy clients to move abroad. Logistics aside, what should be their tax questions? One important
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The Value of Audited Financial Reports
Recently I wrote a short piece concluding that audit opinions still matter. I drafted this essay within the judicial context of a class action lawsuit,
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Tax Planning Strategies for Terminally Ill Individuals and their Families
Terminally ill individuals often desire to benefit the people and institutions they love by means of actionable and effective tax planning, even in the final
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The Fraud Diamond
It has been nearly 20 years since, in the pages of the Journal, the authors introduced the Fraud Diamond—a novel extension of the long-established Fraud
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Financial Statement Fraud Detection in the Digital Age
The proliferation of technology throughout modern business has created novel opportunities for financial statement fraud. But technology tools can also be leveraged to help detect
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Misconceptions in Single Audits
Enacted in 1984, and subsequently amended, the Single Audit Act was established to provide assurance to the federal government that recipients of federal funds have
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