Federal Administration Releases 2024 Budget and Revenue Proposals

In March 2023, the Federal Administration unveiled a budget proposal for fiscal 2024 that would reduce the federal deficit by nearly $3 trillion over 10 years, primarily by raising taxes on high-net-worth individuals and large corporations. 

We provide a summary of the proposed changes plus details for corporations, partnerships, individuals with a focus on estate planning, and international tax matters.

Read Proposed Federal Administration '24 Budget Proposal 

Read the Proposed Tax Provisions for:

IRS Proposed Guidance: Advanced Manufacturing Investment Credit

The proposed IRS guidance related to semiconductors will benefit manufacturers.  We explore what you need to know from who is eligible to IRS definitions.

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Secure Act and How it Applies to Manufacturers

Since 2019, and then with an update in 2022, the SECURE Act has impacted all businesses and improves retirement plans for employees, see how this impacts an employer, especially manufacturers.

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Manufacturers: Steps to Avoid Cyberattacks

Every organization is subject to a cyberattack.  Conducting a risk assessment of your system including inventory controls, vendors, and employees is a good place to start.

Read Avoid Cyberattacks