Copilot Wave 2 is here, being dubbed as “UI for AI.” While the release notes provide a deep dive into all the technical details, the overarching theme is clear: Microsoft is moving to close the gap between humans and AI across various solutions, making it easier for teams to work together with their AI counterparts….
As a plan sponsor, staying informed about the latest regulations and industry trends is crucial to the success of your employee benefit plan as we navigate through employee benefit plan filing season. Adhering to regulatory requirements and ensuring compliance to avoid potential penalties are priorities for plan sponsors with employee benefit plan audits. Here are…
A common challenge when completing a business valuation for SBA 7(a) purposes is how much reliance should be given to the seller’s interim financial statements. Generally, an SBA lender will provide an appraiser with three years of business tax returns and interim financial statements as of the current calendar year. This is where certain trends…
A model code-named “Strawberry”, part of OpenAI’s newly-released O1 product, introduces a structured planning module designed to enhance how large language models (LLMs) solve problems. Tailored for Chain-of-Thought (CoT) Reasoning While the idea of using more computation to search for optimal solutions isn’t new (e.g. this paper “Language Agent Tree Search Unifies Reasoning Acting and…
The Tax Cuts and Jobs Act (TCJA), enacted on December 22, 2017, indeed stands as one of the most significant overhauls of the U.S. tax code in the last 30+ years. Many of the tax changes in the 2017 TCJA, however, may not be here to stay and are scheduled to sunset between 2025 and…
According to an S&P Global Ratings report released on August 7, 2024, median days cash on hand for U.S. hospitals and health systems dipped to a 10-year low. While the upper half of U.S.-based nonprofit acute healthcare providers reported an average of 292 days, the concern is with those in the lower half, who reported…
The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year….
The current fate of FDII is unclear. Some lawmakers call for expansion; some, on the contrary, want it eliminated. However, without any further legislation, the deduction is set to go from 37.5%, as it is right now, to 21.875% in 2026. Under IRC Code 250, domestic corporations may deduct 37.5% of FDII (Foreign-Derived Intangible Income)….
Sweeping changes to New Jersey’s Open Public Records Act may pose new challenges to investigators and the public alike when it comes to public record requests. On June 5, 2024, New Jersey Governor Phil Murphy (D) signed a controversial bill into law overhauling New Jersey’s existing Open Public Records Act (OPRA), the first changes made…