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Federal Income Tax Due Date Postponed to May

USA - March 19 2021 The IRS announced on Wednesday that the due date for individual federal income tax returns has been postponed to May 17, 2021. The postponement also…

Congress Enacts the Corporate Transparency Act Requiring Certain Entities to Disclose their Owners

USA - March 9 2021 On January 1, 2021, Congress enacted the National Defense Authorization Act (the NDAA”). One portion of the NDAA includes the Corporate Transparency…

Lana Hompluem Lane.

IRS Releases January 2021 Interest Rates

USA - January 8 2021 The 7520 rate for January 2021 remained at 0.6%. The January 2021 Applicable Federal Interest Rates can be found here.

To Do: Year-End Gifting - Check (or not)

United Kingdom - December 21 2020 For 2021, the annual exclusion gift amount will remain the same as 2020’s at $15,000, but the lifetime gift and estate tax exemption will increase to…

IRS Releases December 2020 Interest Rates

USA - November 18 2020 The 7520 rate for December 2020 increased to 0.6%.