by Dana Borys | May 19, 2025 | Cannabis Tax, Corporate Tax Services, Life Sciences Tax, Technology Tax
For closely held corporations, retaining profits may seem like a sound strategy for reinvestment or risk mitigation. But when earnings exceed what’s considered “reasonable” for business needs, the IRS may step in with a steep penalty—known as the Accumulated Earnings... 
by Advisor Team | May 6, 2025 | Corporate Tax Services, Individual Tax
As the 2025 disaster season approaches—with May marking both National Wildfire Awareness Month and National Hurricane Preparedness Week—the IRS is urging taxpayers to proactively secure their financial records. With FEMA having already declared 12 major disasters this...