IRS issues guidance on Trump accounts
A Trump account is for the benefit of a child, who’s the account owner
Ready to grow your nest egg? The IRS releases 2026 retirement plan contribution limits
Adjustments may provide extra room to boost your retirement savings
SECURE 2.0: Which provisions went into effect in 2024?
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement plan [...]
President Biden’s proposed budget highlights his tax agenda
President Biden has released his proposed budget for the 2025 fiscal year, including numerous tax provisions affecting both businesses and individual taxpayers. While most of [...]
IRS issues guidance on new retirement catch-up contribution rules
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant [...]
IRS provides transitional relief for RMDs and inherited IRAs
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking required minimum [...]
Social Security’s future: The problem and the proposals
Recent reports have raised anew concerns about the impending insolvency of the Social Security program, absent congressional action. Social Security reform has long been considered [...]
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You Ask, GSG Answers
Introducing “You Ask, GSG Answers” LinkedIn Video Series That Answers Your Accounting Auditing and Tax Questions While the audit, tax and accounting arena can often [...]
PODCAST | The SECURE 2.0 Act and Countering the “Great Resignation”
Vicki Hitchcock, Principal, Audit and Accounting Services at Gorfine, Schiller & Gardyn, discusses the SECURE 2.0 Act. GSG’s Vicki Hitchcock recently authored a guest article [...]
U.S. House Passes the Build Back Better Act
The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November 19. The Build Back Better [...]
