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Effective Tactics to Lower Your AMT Liability Under the TCJA

Effective Tactics to Lower Your AMT Liability Under the TCJA

The alternative minimum tax (AMT) continues to affect taxpayers, even with recent changes under the Tax Cuts and Jobs Act (TCJA). This article details the fundamentals of AMT, highlights risk factors like in-the-money stock options and private activity bond interest, and offers practical strategies to reduce your AMT exposure. Discover how to optimize your tax planning and take advantage of available credits to minimize the impact of AMT on your finances.
Six Common Retirement Plan Errors to Avoid Before Federal Review

Six Common Retirement Plan Errors to Avoid Before Federal Review

Self-auditing your retirement plan is a proactive step to ensure compliance and avoid federal scrutiny. This article highlights six common faults found by the IRS and the Department of Labor, such as late deposits, ERISA violations, and improper account management. By addressing these issues, companies can protect their retirement savings and maintain regulatory compliance. Read the full article to learn more about safeguarding your retirement plan.
Why D&O Insurance Is Critical for Protecting Your Leadership Team

Why D&O Insurance Is Critical for Protecting Your Leadership Team

With the rise in corporate litigation, Directors & Officers (D&O) liability insurance has become essential for protecting executives from personal liability. This article explores the importance of D&O insurance, its role in mitigating risk, and how it can serve as a recruitment tool. Learn about the key policy considerations and the need for periodic reviews to ensure your coverage remains up-to-date with your company’s changing needs. Read the full article for an in-depth overview.
Vasquez + Company LLP Supports 2024 Walk for Kids

Vasquez + Company LLP Supports 2024 Walk for Kids

Vasquez + Company LLP supported the Walk for Kids 2024, raising $192,600 for the Long Beach Ronald McDonald House. This annual event brings together the community to support vital services for children and families in need. Learn more about how Vasquez’s sponsorship contributes to this important cause and fosters a sense of community. Read the full article for details.
Vasquez + Company LLP Champions Latino Advocacy at UnidosUS Annual Conference 2024

Vasquez + Company LLP Champions Latino Advocacy at UnidosUS Annual Conference 2024

Vasquez + Company LLP continues its strong support for Latino advocacy by sponsoring the UnidosUS Annual Conference 2024. Held in Las Vegas, the conference gathered over 1,500 Latino leaders to discuss important issues like homeownership and healthcare. Discover how Vasquez is contributing to empowering Latino communities and celebrating their achievements. Read more about the conference and our commitment to making a difference.
Vasquez + Company Celebrates Mexican-American Representation at    MAFTF 2024

Vasquez + Company Celebrates Mexican-American Representation at MAFTF 2024

Vasquez + Company’s summer outing on Catalina Island on July 25th, 2024, was a resounding success, blending relaxation with adventure. Team members enjoyed priority boarding on the Catalina Express, explored Avalon, and participated in activities like zip lining and jeep tours. This annual event underscores Vasquez’s dedication to building a supportive and engaging workplace culture. Discover more about the day’s adventures and the company’s commitment to team development in the full article.
Vasquez + Company’s Catalina Island Adventure Summer 2024 Team Event

Vasquez + Company’s Catalina Island Adventure Summer 2024 Team Event

Vasquez + Company's summer outing on Catalina Island on July 25th, 2024, was a resounding success, blending relaxation with adventure. Team members enjoyed priority boarding on the Catalina Express, explored Avalon, and participated in activities like zip lining and jeep tours. This annual event underscores Vasquez's dedication to building a supportive and engaging workplace culture. Discover more about the day's adventures and the company’s commitment to team development in the full article.
Smart Tax Planning for Businesses: How to Lower Your 2024 Taxes

Smart Tax Planning for Businesses: How to Lower Your 2024 Taxes

As summer approaches, it’s a great time for small business owners to plan for lowering their 2024 tax bill. This article provides actionable tips on timing your business income and deductions, maximizing depreciation breaks, establishing tax-favored retirement plans, and optimizing the Qualified Business Income (QBI) deduction. With no significant tax changes expected, these strategies can help you reduce your federal income tax liability. Read the full article for comprehensive guidance.
Stay Ahead with These Key Essential Tax Tips for Businesses

Stay Ahead with These Key Essential Tax Tips for Businesses

This article covers essential tax tips for businesses, including credits for improving accessibility, combating rising business fraud costs, and claiming tax breaks for historic renovations. It also explores recent IRS initiatives to enhance compliance and prevent fraud. Discover how these insights can benefit your business and stay informed on key tax issues. Read the full article for detailed information.
Understanding Tax-Free Employee Awards and Gifts

Understanding Tax-Free Employee Awards and Gifts

Employee recognition awards and gifts can boost morale and retention, but understanding their tax implications is crucial. This article explains what qualifies as a tax-deductible award, the requirements for tax-free employee awards, and the rules for small, occasional gifts. Learn how to maximize the benefits of employee recognition while minimizing tax costs. Read the full article for detailed guidelines.
Updating Your Estate Plan: Why Knowing Your Business Value Matters

Updating Your Estate Plan: Why Knowing Your Business Value Matters

Summer is an ideal time for business owners to review their estate plans, particularly with family gatherings making it easier to discuss long-term goals. This article explores the importance of understanding your business's value in updating your estate plan, the impact of the current federal gift and estate tax exemption, and effective strategies for wealth transfer. Learn about the key factors in business valuation and the benefits of using qualified appraisers to maximize tax advantages. Read the full article for comprehensive insights and guidance.
Is Your Inventory Missing? Expert Tips on Detecting and Preventing Fraud

Is Your Inventory Missing? Expert Tips on Detecting and Preventing Fraud

Accurate inventory control is essential for many businesses to maintain efficiency and profitability. This article explores the potential reasons for inventory discrepancies, including procedural errors and theft, and highlights the importance of professional fraud experts in identifying and addressing inventory fraud. Learn how to detect red flags, confirm physical inventory, and leverage automation to prevent inventory shrinkage. Read the full article for comprehensive insights.
Understanding Tax Implications and Options for 529 College Savings Accounts

Understanding Tax Implications and Options for 529 College Savings Accounts

Setting up a Section 529 college savings plan can provide substantial tax benefits, but knowing how and when to withdraw funds is crucial. This article explains the rules surrounding 529 withdrawals, including tax implications, recent changes under the SECURE 2.0 law, and different withdrawal options. Learn how to maximize the benefits of your 529 plan and avoid potential tax pitfalls. Read the full article for comprehensive guidance.
Managing Missing 401(k) Participants: Best Practices for Employers

Managing Missing 401(k) Participants: Best Practices for Employers

Dealing with missing 401(k) plan participants can be complex and costly. This article outlines practical steps for locating missing participants, from initial search methods to professional services. Learn how to handle unsuccessful searches, prevent future issues, and ensure compliance with plan policies. For detailed strategies and best practices, read the full article.
Can You Deduct Medical Expenses? A Comprehensive Guide to the Rules

Can You Deduct Medical Expenses? A Comprehensive Guide to the Rules

Navigating tax deductions for medical expenses can be complex. This article explains the requirements for deducting medical expenses, emphasizing the need to itemize deductions and meet the 7.5% AGI threshold. Learn about the 2024 standard deduction amounts, eligible medical expenses, and strategies to optimize your tax benefits. Read the full article for a comprehensive guide.