Insights and Resources

Why Your Business Value Matters in Estate Planning and Wealth Transfer

Why Your Business Value Matters in Estate Planning and Wealth Transfer

This article highlights the critical role of business valuation in estate planning, emphasizing its impact on wealth transfer, estate taxes, and asset division. It discusses the potential for valuation discounts in the current economic environment and the consequences of procrastination in obtaining a business valuation. It also underscores the need for professional advice to ensure compliance with tax laws and regulations.

Healthcare in the Crosshairs: A Deep Dive into Cybersecurity Challenges

Healthcare in the Crosshairs: A Deep Dive into Cybersecurity Challenges

Bolstering Cybersecurity in Healthcare: An Imperative in Modern Times” delves into the escalating threats of cyberattacks on healthcare organizations, highlighting the urgent need for stronger security measures. Unravel the challenges presented by legacy systems, lack of regulations, and the pivotal roles of vendors and patients in enhancing cybersecurity. Discover why prioritizing cybersecurity is not just an option but a necessity for safeguarding sensitive patient information and ensuring the integrity of healthcare services.

BOI Reporting in 2024: The Crucial Steps Your Business Needs to Take

BOI Reporting in 2024: The Crucial Steps Your Business Needs to Take

Starting 2024, businesses are required to adhere to the new BOI reporting requirements, aimed at promoting transparency and combating financial crimes. This article provides comprehensive guidance on the deadlines, reporting entities, reporting content, and penalties for non-compliance. Secure your business by understanding these new mandates and their implications.

The Corporate Transparency Act 2021: A New Era of Financial Regulation

The Corporate Transparency Act 2021: A New Era of Financial Regulation

The Corporate Transparency Act (CTA) is here, imposing new reporting requirements on businesses to promote transparency and curb illegal financial activities. Discover what the CTA demands, its implications for small and medium-sized businesses, and the recent court ruling that’s stirring uncertainty. Stay ahead of the curve with this must-read guide to navigating the CTA.”

Understanding the OMB’s Major Update to Federal Financial Assistance

Understanding the OMB’s Major Update to Federal Financial Assistance

Get to grips with the Office of Management and Budget’s most extensive revision of the Uniform Guidance since its inception, set to take effect from October 2024. From increased Single Audit thresholds to the inclusion of ‘veteran-owned business’ as an entity type, this article breaks down the key changes that could impact your organization. Don’t miss out on this vital insight into the future of federal financial assistance.