The Department of the Treasury and the IRS have issued final regulations on reporting and paying the 1 percent excise tax on corporate stock repurchases. This excise tax, introduced by the Inflation Reduction Act, must be reported on Form 720 with Form 7208 attached and affects specific domestic and foreign corporations engaging in stock repurchases after December 31, 2022. https://lnkd.in/eSybJA7D #IRS #TaxRegulations #CorporateTax #StockRepurchase
Anchin Advisory Services Group
Accounting
New York, New York 353 followers
Nobody can predict the future, but you can be prepared when it arrives with Anchin’s Advisory Services.
About us
Anchin’s comprehensive suite of advisory services provides business owners, investment funds and high-net-worth families with on-demand resources to make the most of every opportunity and reduce risk. In addition to our tax and compliance work, we provide an array of services in Tax Advisory, Business & Risk Advisory, and Technology & Data Advisory. Our Advisory teams act as an extension of your internal staff and other advisors to ensure that we incorporate valuable input from all sources involved. Count on our dedicated team to help you navigate risk, overcome challenges, and make better-informed decisions. Tax Advisory: We consider the best tax structures for you from every angle, including international, federal, state and local regulations. From identifying opportunities to guiding you through the filing process, we take the complexity out of tax credits and incentives, viewing the long-term path of your business, and helping you towards your goals. Business & Risk Advisory: Any business in transition is vulnerable. We deliver expertise, stability and peace of mind. From structuring a deal to finding executive talent, to creating an exit plan or leadership transition strategy, we help you anticipate obstacles, negotiate successful outcomes and maintain your forward momentum. We can guide you through the best options for you, your employees and your company. Technology & Data Advisory: Wherever you are in your digital transformation journey, we make it easier and far less risky. We streamline key business processes to improve operations so you can focus on generating revenue; assess your potential risks and give you the strategies, advice and tools to manage it; and also target, pursue and eliminate potential threats before they become a problem.
- Website
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https://www.anchin.com/services/advisory/
External link for Anchin Advisory Services Group
- Industry
- Accounting
- Company size
- 201-500 employees
- Headquarters
- New York, New York
Updates
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Gain insights into planning, budgeting, integrated financial planning, performance reporting, and forecasting. Transform your approach to FP&A and drive your business forward with key strategies and insights. Unlock the full potential of your business with our comprehensive Financial Planning & Analysis Guide. Get your free guide today! https://lnkd.in/eQPcJKzd
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AI is revolutionizing the payment processing industry, transforming transaction management and customer experiences. This article highlights how AI-powered solutions are enhancing fraud detection, personalizing customer interactions, and innovating merchant support, paving the way for a more efficient and secure future in payments. https://lnkd.in/e3tr6QS8 #AI #PaymentProcessing #FraudDetection
Unlocking the Future of Payments: The Role of AI in Revolutionizing the Industry — The Financial Revolutionist
thefr.com
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Anchin Advisory Services Group reposted this
The recent amendments to New York State's Prompt Payment Act aim to address the issue of past due payments in the construction sector, providing a positive development for contractors. In this #AnchinAlert, Martin Arking and Phillip Ross, CPA explain how the updated Act introduces favorable changes, including stricter deadlines for payments and limits on retainage, to help alleviate payment delays and potential disputes. https://lnkd.in/eXQmSkGM
New York State Prompt Payment Act – A Positive Development for Contractors - Anchin, Block & Anchin LLP
https://www.anchin.com
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While the financial benefits of AI are widely recognized, CFOs must navigate the initial high costs and time required to realize its full potential. Investing in AI is not just about immediate gains but also preparing for substantial future profits. It's crucial for CFOs to manage expectations within their organizations, ensuring all stakeholders understand that, like any significant investment, AI requires time, training, and proper implementation to yield the expected returns. https://lnkd.in/eCn27U29 #FutureOfAI #CFOInsights #SeniorLeadership
AI benefits may take time; CFOs should still push for investment
cfo.com
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The Equal Employment Opportunity Commission (EEOC) has introduced a new guide aimed at enhancing workplace safety by preventing harassment in the construction industry. This initiative aligns with the agency's commitment to address long-standing issues of bias and discrimination within the sector, especially in light of significant federal investments like the Infrastructure Investment and Jobs Act and CHIPS and Science Act. https://lnkd.in/e7NudRah #EEOC #WorkplaceSafety #ConstructionIndustry #HarassmentPrevention
EEOC releases anti-harassment guide for contractors
constructiondive.com
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Despite ongoing legal challenges, the Corporate Transparency Act (CTA) continues to shape the regulatory landscape for most businesses it originally targeted. The act, part of the National Defense Authorization Act of 2021, mandates that certain U.S. entities report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN), aiming to enhance transparency and combat financial crimes. https://lnkd.in/e6jkJJDs #CorporateTransparencyAct #RegulatoryInsights
Corporate Transparency Act: Where It Stands & Lessons Learned
https://www.corporatecomplianceinsights.com
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Anchin Advisory Services Group reposted this
Anchin would like to wish all of our friends, colleagues, and clients a happy and safe Fourth of July!
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Gain insights into planning, budgeting, integrated financial planning, performance reporting, and forecasting. Transform your approach to FP&A and drive your business forward with key strategies and insights. Unlock the full potential of your business with our comprehensive Financial Planning & Analysis Guide. Get your free guide today! https://lnkd.in/eQPcJKzd
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The IRS has recently simplified the process for filing Research & Development tax credit refund claims, removing certain documentation requirements to ease the burden on taxpayers, effective June 18, 2024. In this #AnchinAlert, Yair Holtzman, Partner, and Leader of Anchin’s Research & Development Tax Credits Group, shares the critical elements that remain mandatory for claimants, including the identification of business components and the detailed accounting of qualified expenses on Form 6765. https://lnkd.in/e2FZcZyd #RnDTaxCredit #TaxCredit #ResearchandDevelopment
IRS Simplifies Requirements for Supporting Research Credit Refund Claims - Anchin, Block & Anchin LLP
https://www.anchin.com