The Build Back Better Act (“the Act”) currently includes a provision that would prohibit after-tax IRA contributions conversions (also known as a “backdoor” Roth conversion) to a Roth IRA for all taxpayers beginning January 1, 2022. If you are considering converting after-tax retirement contributions to a Roth IRA, you may want to act promptly. If the […]
The U.S. House of Representatives recently passed the Build Back Better Act (BBBA) by a vote of 220-213. The BBBA includes provisions related to areas ranging from health care, climate change and immigration to education, social programs and, of course, taxes. The Congressional Budget Office (CBO) estimates that the legislation will increase the deficit by […]
President Biden’s American Families Plan (AFP) contains tax breaks for low- and middle-income taxpayers, as well as tax increases for those with an annual income of over $400,000. We’ve provided a short list of relevant items below. Keep in mind that Biden’s plan has not yet been approved by Congress, a feat that will likely […]
We’re excited to co-sponsor this online seminar with Description: WIP schedules provide valuable and under-utilized information. In this online seminar, we’ll show you how these insights can be a useful tool to help with forecasting and cash management. Ultimately, WIP schedules help manage and control project budgets and costs while reducing claims by owners […]
On March 11, 2021, President Biden signed the American Rescue Plan Act (ARPA), which includes $1.9 trillion in relief for individuals, businesses, and state and local governments. The ARPA is the latest legislation enacted to provide economic and other relief from the effects of the pandemic. It includes some new provisions, as well as extending […]
