Wei Wei & Co

2 min read

Post-TCJA Tax Planning: Tax-Efficient ESOP Solutions

The Tax Cuts and Jobs Act (TCJA), enacted in December 2017, brought sweeping changes to the Internal Revenue Code (IRC). Key provisions such as reduced tax rates, the qualified business income deduction (Section 199A), and increased estate tax...

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2 min read

Tax-Free Qualified Disaster Payments: A Valuable Tool for Employer Support

Natural disasters can leave employees grappling with unexpected financial challenges. Employers looking to provide immediate support can leverage...

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3 min read

Navigating Tax Compliance for State and Local Credits and Incentives

State and local tax (SALT) credits and incentives are valuable tools for optimizing a company’s tax strategy. However, ensuring compliance with these...

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3 min read

Year End Tax Planning

As the year draws to a close, it's crucial for businesses to revisit their tax strategies to optimize savings and prepare for potential changes in...

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2 min read

Corporate Transparency Act Imposes New Beneficial Ownership Information Reporting Obligations

Effective January 1, 2024, U.S. and foreign entities doing business in the U.S. may be required to disclose information regarding their beneficial...

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2 min read

Form 990 Review: What Nonprofit Boards Should Look For

Many in the nonprofit world know Form 990 as the all-important nonprofit tax form that details an organization’s activities and financial standing....

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2 min read

Are Your Processes Innovative or Merely Electronic? Leverage Technology the Right Way

Decades of innovation have transformed the finance office from a mindset of processing transactions to one of strategic financial management. But...

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1 min read

The Evolving Role of CFOs in Driving ESG Initiatives

According to BDO Middle Market CFO Outlook Survey, 64% of chief financial officers (CFOs) believe environmental, social and governance (ESG) adoption...

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4 min read

GASB Implementation Guide No. 2023-1, Implementation Guidance Update-2023

On July 10, 2023, the Governmental Accounting Standards Board issued Implementation Guide No. 2023-1, Implementation Guidance Update-2023...

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3 min read

The IRS Weighs in on Nonprofit NIL Collectives

The IRS on June 9, 2023, released generic legal advice memorandum AM 2023-004,[1] which addresses whether developing paid name, image and likeness...

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