The Governmental Accounting Standards Board (GASB) Statement No. 101, Compensated Absences, helps align the recognition and measurement guidance under a unified model and amends certain previously required disclosures. The statement refreshes t...

Tune in to Cherry Bekaert’s Private Client Services podcast for the second episode in our series on closely held businesses. In this insightful installment, we explore the complexities of business valuation, providing guidance on understanding ...

Join Cherry Bekaert’s Private Client Services podcast in the first podcast of our series for closely held businesses. In the first podcast, our team explores exit strategy essentials, diving deep into the world of closely held business transiti...

The federal estate and gift tax exemption is scheduled to sunset by the end of 2025, and it is imperative to begin planning today in order to protect your assets and minimize tax burdens in your estate plan. The first step is to rec...

Each year, as the tax filing deadline nears, it is important to identify your projected tax payments and when to pay them [LJ1] so you can avoid submitting inaccurate tax returns. Staying up to date with the most recent...

Labor shortages impact numerous industries in today’s economic landscape, in which attracting and retaining valuable employees is top of mind for so many employers. There are new tactics that companies are exploring in order to hire and keep ke...

Starting a new business can be daunting. On this episode of the Private Client Services podcast, Greg Kellar, Tax Senior Manager, and

You work hard for your retirement, saving and planning for years to prepare for that next stage in your life. When you reach age 72, or later depending on when you retire, you have required minimum distributions (RMDs) you must withdraw from yo...

You want your money to leave an impactful legacy by providing for people you love and benefiting organizations you support. Cherry Bekaert’s Privat...

Interested in a retirement plan with higher limits than a 401(k) and profit-sharing plan? If so, a DR-VIP plan may be for you. A DR-VIP plan is a qualified retirement plan designed for business owners and professionals who seek high deductible ...

Proposed federal tax law changes impacting wealthy families and individuals may become a reality. While it is unclear the specifics and the exact timing of these changes, the major proposals considered would significantly change the tax plannin...