Author Archives: mgracey

The Federal Reserve Bank reduced interest rates by .50 percent in September 2024 and by a quarter point in November 2024, its first cuts since the start of the pandemic. These announcements may signal a new cycle of lower borrowing costs and a heightened appetite for mergers and acquisition (M&A) activity that had slowed considerably […]

In this episode, Director of International Tax Services Arthur J. Dichter, JD, LLM, explains the basics of pre-immigration tax planning, why starting early is essential and how individuals and families can prepare.

As its name implies, the terms of an irrevocable trust are generally intended to be set in stone and, therefore, unchangeable without a costly legal battle. However, as time passes, individuals’ lives and circumstances evolve along with the passage of new laws, making decisions from long ago seem outdated, unsuitable and often contrary to grantors […]

On July 1, 2024, the State of Florida added Fla. Sta. §61.075(6)(a)1.f, which specifies how trial courts value a marital interest in closely held businesses for the purposes of equitable distribution in divorce proceedings. Significantly, the new law, also referred to as House Bill 521 (HB521), addresses the valuation of marital interests in closely held […]

In this episode, Director of Managed Cyber Solutions Brandon Bowers explains how companies can protect themselves from ransomware attacks and the steps business owners should take if they are impacted.

Recipients of Social Security and Supplemental Security Income (SSI), including senior citizens, widows and persons with disabilities and special needs, will receive a 2.3 percent cost-of-living adjustment (COLA) to the benefits they receive in 2025. The increase translates to an average of $50 in additional monthly benefits, which is on par with the last 20 […]

In this episode Associate Director of Forensic and Advisory Services Richard Fechter, JD, CAMS, CFE, shares the types of fraud that can be uncovered in a forensic investigation.

UPDATED – On March 2, 2025, the Department of Treasury announced CTA will be narrowed to only foreign reporting companies.   UPDATED – On December 3, 2024, a federal court in Texas ruled that the CTA is likely unconstitutional and prohibited its enforcement. This set off a review, injunction and follow-up hearing date in March […]

The IRS recently launched a new unit committed to enforcing U.S. tax laws among pass-through entities, such as S corporations, partnerships and trusts, whose income passes from the business to its owner’s individual tax returns where taxes are due at the owners’ marginal income tax rates. The move is part of the agency’s broader focus […]

It is well established that a legal entity created for the purpose of carrying on a trade or business is considered a separate and distinct legal entity from its owner(s) or shareholder(s). However, there are circumstances in commercial litigation when a plaintiff may pierce this corporate veil and hold the owners personally liable for the […]