Explore our insights shared at the California State University Auxiliary Organizations Association (AOA) conference held on January 12–14, 2025, at the Sheraton San Diego Hotel and Marina in San Diego, California. Our presentation, "Ahead of the Curve: Future Trends in Finance and Accounting for Higher Education – Auxiliary Operations," highlights key trends shaping the financial and operational landscape of U.S. higher education. Access our presentation and brochure to learn how auxiliary organizations can adapt and thrive amidst evolving challenges. Connect with our partners for more information on how we can support your institution’s goals.

The Republican-led government could implement sweeping tax law changes in 2025, extending key Tax Cuts and Jobs Act provisions while introducing new tax initiatives. This article highlights possible reforms to individual tax rates, deductions, and credits, along with the potential rollback of the Inflation Reduction Act. Stay ahead of these changes and explore how they could impact your tax planning. Read the full article for a detailed analysis.

A federal court recently struck down the U.S. Department of Labor's expanded overtime rule, which would have raised salary thresholds for exempt workers. This article discusses the ruling, implications for employers, and the decision-making process going forward. Employers who had already implemented changes may need to adjust their strategies while considering the impact on employee morale and compliance with state laws.

A backdoor Roth IRA conversion offers a tax-smart way for high earners to move money into a Roth IRA, even when they're ineligible for direct contributions. This article explains the key advantages of Roth IRAs, how to execute a backdoor conversion, and potential tax implications when multiple traditional IRAs are involved. Learn the steps to take full advantage of this strategy and maximize your retirement savings. Read the full article for detailed guidance.

The Magarik v. Kraus USA, Inc. case serves as a cautionary tale for business valuation professionals, particularly regarding the risks of using overly optimistic financial projections. The court rejected the shareholder’s expert’s valuation due to unrealistic projections from a loan application, which failed to reflect the true competitive nature of the business. The article emphasizes the importance of using credible, market-based evidence and applying professional skepticism when valuing a business for litigation purposes.

The Elam v. Early court case emphasizes the importance of thorough estate planning to avoid family conflicts over assets. The case, involving the ownership of Norman Rockwell artwork, highlights how the presumption of ownership based on physical possession led to a ruling in favor of one family member. The article advises readers to plan ahead to prevent disputes, ensure clarity, and communicate estate plans to family members. Read the full article to learn about the potential consequences of inadequate estate planning.

Learn how the IRS holds spouses accountable for each other’s tax debts and the difference between "Innocent" and "Injured" Spouse relief. This article explains how joint tax filers can be affected by a spouse's past debts and offers advice on how to seek relief, file separately, and protect your finances during a divorce. For more information, consult with a tax advisor.

Company owners must understand the importance of complying with IRS and Department of Labor guidelines for qualified retirement plans. This article covers the fiduciary responsibilities, investment guidelines, and legal risks associated with retirement plan management. Learn how to safeguard your plan from IRS attacks and reduce potential liabilities by seeking professional guidance. Read the full article for in-depth insights.