INSIGHTS

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Larson Gross.

Important Update on Beneficial Ownership Information (BOI) Reporting

   INSIGHTSImportant Update on Beneficial Ownership Information (BOI) ReportingARTICLE | February 19th, 2025The ...

Larson Gross Partners with Crete Professionals Alliance

– Larson Gross is pleased to announce the addition of a new partner, Crete Professionals Alliance (Crete PA), to join its current 17 firm Partners. Crete PA brings unparalleled expertise in technology, artificial intelligence, and operational efficiency, which will support the firm's continued ability to provide value to clients rooted in trusted advisory relationships.

Tax Considerations Regarding Increased US Tariffs on Canadian Importers

While tariffs can have potential far reaching economic consequences for the US economy there are also considerations from a tax planning and strategy perspective that should be considered for companies that do business on both sides of the US-Canada border, especially when a Canadian manufacturing company has a related US based importing/selling company.

SALT Services

Expanding into new states is an exciting milestone—but it also comes with a lot of state and local tax (SALT) rules to manage. With varying requirements for income, sales, payroll, and excise taxes across different regions, staying compliant can feel like a moving target. That’s where we come in. Our SALT experts are here to simplify the process, keeping you compliant while uncovering ways to optimize your tax position. Let us handle the complexities so you can focus on growing your business.

Navigating Uncertainty: The Impact and Aftermath of OMB Memorandum M-25-13

The rapid rollout and abrupt rescission of OMB Memorandum M-25-13 have left many nonprofits questioning the stability of their federal funding. Designed to pause federal financial assistance while programs were reviewed for alignment with new executive orders, the memo created immediate uncertainty for organizations that rely on these critical resources. Although M-25-13 has been rescinded, the underlying executive directives remain in place, leaving nonprofits to navigate a shifting landscape. In this article, we’ll break down what happened, what it means for your organization, and how to stay prepared in the face of evolving federal funding policies.

A Nonprofit’s Guide to Weathering Policy Changes

When policies change and priorities shift, nonprofits need to stay flexible and focused. This guide highlights practical strategies, from diversifying funding streams to sharpening compliance efforts, all aimed at strengthening your organization’s resilience. With the right preparation and professional financial guidance, you can maintain your mission’s momentum, no matter what the future brings.

Strengthen Your Financial Plan: A 6-Step Checklist

Find out how to stay financially prepared for any situation with six essential steps, from building an emergency fund to estate, tax, and investment planning.

Streamline 1099 Reporting: Tips for a Smooth Filing Season

Confused about who needs a 1099 and which form applies? You’re not alone. This quick guide cuts through the chaos so you can handle your 1099s with confidence.

If my Canadian corporation receives U.S. revenue, is it subject to U.S. tax?

   INSIGHTSIf my Canadian corporation receives U.S. revenue, is it subject to U.S. tax?by Laura Luo, CPA, ...

Utility Credits and Rebates in Washington State: A Guide to Savings and Sustainability

Washington State residents and businesses have access to numerous utility credits and rebates that promote energy efficiency, renewable energy, and sustainability. These programs, offered by local utility providers, help offset the costs of upgrading to energy-efficient systems, investing in renewable energy, and more. In this guide, we’ll explore the opportunities available, how to apply, and why now is the perfect time to take advantage of these incentives.

Important BOI Updates!

BOI reporting deadlines still in flux with recent court decisions.

Wrangling Estate Taxes: How John Dutton Could’ve Roped in Some Tax Savings

   INSIGHTSWrangling Estate Taxes: How John Dutton Could've Roped in Some Tax SavingsHave you watched ...

Washington State Mandates Retirement Plans by 2027

Big changes are coming for Washington businesses! Starting in 2027, the ‘Washington Saves’ program will require businesses without retirement plans to offer employees an auto-IRA program. 💼💰 Automatic payroll deductions make saving for the future easier than ever—but employees can always opt out if they choose. With phased implementation and penalties for non-compliance, now’s the time to get prepared!

Tips to Help You Plan Your Charitable Giving

December is often a time when we make charitable gifts to support the causes that are important to us. As you approach those decisions, it can be wise to align your charitable goals with financial considerations, including maximizing tax deductions.

Expand Your Client Base with Referral and Partner Programs

Grow your client base through trust and collaboration. Referral, partner, and affiliate programs offer efficient ways to attract high-quality leads by leveraging relationships and shared networks. Explore how these strategies can help you expand your reach, reduce costs, and build lasting client relationships.

Guide to Commission-Based Pay for Sales Teams

Discover how commission-based pay can transform your sales team by aligning compensation with performance to drive revenue and retain top talent. Explore various commission structures, their benefits, and best practices for implementation in this comprehensive guide. Propel your business toward greater success with an incentivized sales force.