Today, in a short, unsigned order, the US Supreme Court granted the government’s request to implement the Corporate Transparency Act (CTA), which potentially revives the Beneficial Ownership Interest (BOI) reporting requirement for many businesses. An estimated 32 million existing entities and an estimated 5 million new businesses annually could need to report information about their [...]
Julie Welch, Tax Partner at Meara Welch Browne, was recently quoted in AARP’s insightful article, “7 Year-End Money Moves to Cut Your 2024 Tax Bill”, written by Diane Harris. The article highlights key year-end strategies that can help older taxpayers significantly reduce their 2024 tax liability. From maximizing retirement contributions to managing required minimum distributions [...]
Texas Court blocks the Corporate Transparency Act and may eliminate the requirement to report Beneficial Ownership Interests The US District Court for the Eastern District of Texas issued a NATIONWIDE preliminary injunction against the enforcement of the Corporate Transparency Act (CTA) on December 3, 2024. This preliminary injunction potentially affects the December 31, 2024 deadline [...]
Many Entities Still Need to File Beneficial Ownership Information (BOI) Before December 31, 2024 Of the estimated 32 million existing entities that need to report information about their beneficial owners - the individuals who ultimately own or control the company - to the Financial Crimes Enforcement Network (“FinCEN”) before December 31, 2024, only 6.5 million [...]
The featured cover story in the March 2024 issue of Journal of Financial Planning is titled “Answers to Clients’ Most Taxing Education Questions” by Julie Welch, Randy Gardner, and Creyton Vincent. This article offers insights into tax-efficient strategies to help clients in financing education expenses across different life stages. It addresses common questions and provides [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section. The article was titled “What You Need to Know for the 2024 Tax Season” by Tara Siegel Bernard. In the article, Julie responds to the section about the possibility of the child credit changing midseason. If legislation [...]
On Saturday, February 3, you can catch Julie Welch on MoneyLine hosted by Peter Newman from 2 pm – 3 pm on 98.1FM KMBZ.
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section. The article was titled "The 8 Most Vexing Tax Questions, Answered” by Tara Siegel-Bernard and Ron Lieber. In the article, Julie answered the question about being confused by a new form that human resources uses to calculate [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in CNBC's Grow.Acorns.com "It's Not Too Late to Bring Down Your Tax Bill From 2018 - Here's How" written by Sam Becker. The article outlines the last-minute technique of contributing to an Individual Retirement Account. You can read her quotes and the entire article on CNBC's [...]
Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in "How to Use The New Tax Law to Cut Your Tax Bill" written by Robert Powell and published in TheStreet. The article outlines opportunities for those saving for retirement to cut their tax bill this year and in years to come. You can read her [...]