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The United States Government Accountability Office (GAO) released a report titled TAX FRAUD: The Federal Government Loses an Estimated $116 Billion to $304 Billion Annually. The report is noteworthy for several reasons. First, the GAO study attempts to estimate the amount of fraud in the tax gap through use of available data and analytical methods….
It’s hard to attend a manufacturing conference, join an industry webinar or sit through a leadership meeting these days without hearing about artificial intelligence. Just a few years ago, AI was viewed as something futuristic or experimental. Today, many manufacturers are actively implementing AI tools to improve forecasting, maintenance planning, inventory management, purchasing and financial…
President Donald Trump signed the Doug LaMalfa Federal Disaster Tax Relief Certainty Act into law on September 11, 2026. The legislation extends and formalizes federal tax relief for individuals who sustain losses from major disasters or receive compensation related to certain wildfires. The law addresses a recurring practical problem. Although taxpayers may suffer substantial uninsured…
Carried interest (“carry”) is often one of a fund principal’s most valuable assets, yet it rarely appears on a personal financial statement at anything close to its eventual economic value. That gap between a defensible value today and realized upside later provides an estate-planning opportunity, and it narrows every quarter as the fund seasons. The…
Not long ago, artificial intelligence was mostly a boardroom talking point for manufacturers, more theory than practice. That has changed fast. Over the last 12 to 18 months, manufacturers have moved from cautiously discussing AI to actively deploying it on the shop floor, in the back office and across the sales team. Rather listen than…
Cyber threats have changed significantly in just a few years. Attackers are increasingly using legitimate credentials rather than trying to break through traditional security controls. Cloud platforms, third-party relationships and expanding digital ecosystems have created more ways to access an organization’s systems and data. Artificial intelligence is making social engineering faster and more convincing. At…
