Insights Center: 2025 Tax & Legislative Changes
Individuals, businesses and not-for-profit organizations are all affected by the new tax law – and we are ready to help. Start by staying informed; you’ll find our analyses of the new law’s many provisions here.
Most of the proposed provisions that would have directly impacted private foundations were removed.
The USAID recissions package is only part of the administration’s efforts to reduce the country’s current $36 trillion deficit.
GASB Statement No. 103, Financial Reporting Model Improvements, is effective for fiscal years beginning after June 15, 2025.
This legislation will bring significant tax changes for businesses providing certain technology services and for high-income taxpayers.
Required or not, transitioning to daily calculations is generally a sound strategy, providing several long-term benefits.
From prominent cases of stolen millions to the quiet, slow siphoning of wealth, embezzlement by business managers is all-too-common.
Regardless of what the future holds, it’s crucial for businesses to strategize and plan proactively.
Recent studies show an increase in gifting to college and university endowments over the past several years.
The most current survey is due May 30, 2025, for anyone who meets the reporting requirements for 2024.
On May 9, 2025, Governor Kathy Hochul signed New York State’s Budget Bill (Budget) for the 2026 fiscal year, read more for the key tax provisions.
On May 14, 2025, the House Ways and Means Committee advanced its tax bill, “The One, Big, Beautiful Bill.” While final passage is still far off, key tax provisions offer insight into what the final legislation could include.
This edition of the Employee Benefit Plans Alert focuses on the following topics: ERISA Welfare Plans, Section 125 Cafeteria Plans, Section 457(b) Eligible Deferred Compensation Plans for Nongovernmental Entities.