An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction amounts are adjusted for inflation, they can change from year to year, impacting your plan.

The recently released Audit Risk Alert (ARA) Real Estate and Construction Industry Developments identifies recent market trends, risks and accounting developments that these entities face. Here’s an overview of what’s on your real estate and construction auditor’s radar in 2015.

As the 2014 tax return filing season quickly approaches, wealthy investors are realizing the weight of their tax burden. Many investors did well in the market this past year but are watching their investment gains shrink due to local, state and federal taxes.

The Tax Increase Prevention Act of 2014 (TIPA) extended through December 31, 2014, a wide variety of tax breaks, including many tax credits — which are particularly valuable because they reduce taxes dollar-for-dollar.

The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2015-01: Income Statement—Extraordinary and Unusual Items to eliminate the concept of extraordinary items from generally accepted accounting principles (GAAP).

Congress has recently approved legislation that allows companies to enjoy many of the same tax benefits from the 2013 tax year. 

On December 19, the president signed into law the Tax Increase Prevention Act of 2014 (TIPA), which extended through December 31, 2014, many valuable tax breaks that had expired at the end of 2013.

How do you know where your business customers — or potential business customers — are headed? How do you know that the strategies and actions they’ve planned will allow them to meet their financial goals?

What risks does your organization face that could thwart it from effectively executing your company’s goals? Identifying risks and vulnerabilities that arise from the execution of your company’s strategy is part of managing risk at the process level.

Since being named Securities and Exchange Commission (SEC) Chair, Mary Jo White has repeatedly promised to increase the agency’s efforts to combat financial reporting fraud. Over the last year, her enforcement staff has made companies’ internal controls the main battlefront.