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ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
Final regulations released on increased catch-up contributions under SECURE 2.0
The latest IRS final regulations under the SECURE 2.0 Act increase catch-up contribution limits for individuals aged 60 to 63 and require Roth contributions for higher-income earners. These changes aim to enhance retirement readiness but require plan administrators to navigate new operational complexities. Explore how these rules reshape retirement strategies and the paths to compliance.
Preparing for the end of federal paper checks
Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
Partnership distribution rules and complexities
Explore the intricacies of partnership distributions and uncover how they offer flexibility in profit allocation while presenting unique tax considerations. Delve into the fundamental principles, exceptions, and strategic approaches that can affect your tax outcomes and ensure seamless operations. Discover why clear agreements and professional guidance are crucial in navigating these complex regulations.
Critical updates on energy credits
The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on incentives for renewable energy and clean vehicles. This article covers several upcoming deadlines for anyone planning energy-efficient upgrades or investments.
Best Practices to Enhance Dealership Accounting Processes: A CPA’s Guide To Navigating Internal Controls
By adopting modern systems and methods, your dealership can stay both secure and competitive. Traditionally, dealerships have relied on paper-based methods for processing payables and receivables. Transitioning to an automated accounts payable system streamlines the process, allowing invoices to be scanned, matched, and approved digitally. In this most we make some observations of processes dealerships can improve to improve efficiencies and workflow.
Residency and Non-residency Navigating State Individual Income Tax Rules
Join us to learn more about state estate taxes, emphasizing how they differ from federal estate taxes and the importance of understanding state-specific rules.
The Significance of Effective Internal Controls in Dealerships: A CPA’s Guide To Navigating Internal Controls
In the midst of the busy environment of running a dealership, the risk of financial missteps — from accounting errors to out-and-out fraud — can sometimes go unnoticed. ffective internal controls are essential for dealerships intent on preserving their financial integrity, preventing costly errors and fraud, and building a culture of transparency. In this post we lay our several recommended procedures that can help prevent mistakes and protect against fraud.
The New 0.5% Charitable Floor: Why 2025 Is a Key Year for Giving
With the 0.5% charitable floor taking effect beginning in tax year 2026, 2025 represents the last opportunity for taxpayers to maximize the deductibility of their charitable gifts under the current rules, which has no such charitable deduction floor.
Topel Forman Remains on Inside Public Accounting’s Top 200 Firms List
Topel Forman has retained its spot on Inside Public Accounting's Top 200 Firms list, reflecting its commitment to exceptional client service. The firms commitment to it's values including excellence, integrity and client service supports the firm's growth.
New Tiered Benefits: The 2025 Updates to the QSBS Exclusion Explained
The Qualified Small Business Stock (QSBS) exclusion under Internal Revenue Code (IRC) Section 1202 offers the potential for significant capital gains tax savings. While most of the QSBS exclusion’s core rules remain unchanged, the OBBBA expands the benefits and usability for a broader group of entrepreneurs and investors.
When is an S-corp election the right move?
Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it's time.
Tax traps for real estate investors and how to avoid them
Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements. Stay informed and effectively manage your investments amidst an ever-evolving tax landscape.
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Final regulations released on increased catch-up contributions under SECURE 2.0
The latest IRS final regulations under the SECURE 2.0 Act increase catch-up contribution limits for individuals aged 60 to 63 and require Roth contributions for higher-income earners. These changes aim to enhance retirement readiness but require plan administrators to navigate new operational complexities. Explore how these rules reshape retirement strategies and the paths to compliance.
Preparing for the end of federal paper checks
Executive Order 14247 directs federal agencies to phase out paper checks for refunds, benefits, and contracts. Here’s who’s affected and how to prepare.
Partnership distribution rules and complexities
Explore the intricacies of partnership distributions and uncover how they offer flexibility in profit allocation while presenting unique tax considerations. Delve into the fundamental principles, exceptions, and strategic approaches that can affect your tax outcomes and ensure seamless operations. Discover why clear agreements and professional guidance are crucial in navigating these complex regulations.
Critical updates on energy credits
The One Big Beautiful Bill Act (OBBBA) is changing the landscape of energy tax credits by accelerating expiration dates, leaving homeowners, businesses, and car buyers scrambling to capitalize on incentives for renewable energy and clean vehicles. This article covers several upcoming deadlines for anyone planning energy-efficient upgrades or investments.
Best Practices to Enhance Dealership Accounting Processes: A CPA’s Guide To Navigating Internal Controls
By adopting modern systems and methods, your dealership can stay both secure and competitive. Traditionally, dealerships have relied on paper-based methods for processing payables and receivables. Transitioning to an automated accounts payable system streamlines the process, allowing invoices to be scanned, matched, and approved digitally. In this most we make some observations of processes dealerships can improve to improve efficiencies and workflow.
Residency and Non-residency Navigating State Individual Income Tax Rules
Join us to learn more about state estate taxes, emphasizing how they differ from federal estate taxes and the importance of understanding state-specific rules.
The Significance of Effective Internal Controls in Dealerships: A CPA’s Guide To Navigating Internal Controls
In the midst of the busy environment of running a dealership, the risk of financial missteps — from accounting errors to out-and-out fraud — can sometimes go unnoticed. ffective internal controls are essential for dealerships intent on preserving their financial integrity, preventing costly errors and fraud, and building a culture of transparency. In this post we lay our several recommended procedures that can help prevent mistakes and protect against fraud.
The New 0.5% Charitable Floor: Why 2025 Is a Key Year for Giving
With the 0.5% charitable floor taking effect beginning in tax year 2026, 2025 represents the last opportunity for taxpayers to maximize the deductibility of their charitable gifts under the current rules, which has no such charitable deduction floor.
Topel Forman Remains on Inside Public Accounting’s Top 200 Firms List
Topel Forman has retained its spot on Inside Public Accounting's Top 200 Firms list, reflecting its commitment to exceptional client service. The firms commitment to it's values including excellence, integrity and client service supports the firm's growth.
New Tiered Benefits: The 2025 Updates to the QSBS Exclusion Explained
The Qualified Small Business Stock (QSBS) exclusion under Internal Revenue Code (IRC) Section 1202 offers the potential for significant capital gains tax savings. While most of the QSBS exclusion’s core rules remain unchanged, the OBBBA expands the benefits and usability for a broader group of entrepreneurs and investors.
When is an S-corp election the right move?
Your business is finally profitable, but is it profitable enough for an S-corp election? Learn the revenue, cash-flow, and compliance milestones that signal it's time.
Tax traps for real estate investors and how to avoid them
Uncover strategies to maximize benefits and minimize pitfalls, from understanding passive loss rules to mastering 1031 exchanges and differentiating repairs from capital improvements. Stay informed and effectively manage your investments amidst an ever-evolving tax landscape.
No results found.
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