Legacy Professionals News
Recent Updates
Follow us: @LegacyCPA
If you have a child or grandchild planning to attend college, you’ve probably heard about qualified tuition programs, also known as 529 plans. These plans,
- Tax Info
Early voting for the 2024 election has already kicked off in some states, but voters are still seeking additional information on the candidates’ platforms, including
- Individual Tax Alerts, Tax Info
The Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act was signed into law in December 2022, bringing more than 90 changes to retirement
- Employee Benefit Plan News, Tax Info
We are so pleased to announce the 2024 Donna A. Hubert Memorial Scholarship recipients are Elizabeth McAuliffe, DePaul University and Pravani Pradhan, Augustana College. Our
- Legacy Firm News, Press Releases
The deadline for most not-for-profits to file Form 990 with the IRS (May 15, 2024) has come and gone. Assuming your organization operates on a
- Nonprofit Updates, Tax Info
Legacy Partner Michael Tiberi is scheduled to speak at the IFEBP’s upcoming Accounting and Auditing Institute for Employee Benefit Plans June 24-26, 2024 in Las
- News
External audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also
- Nonprofit Updates
Legacy Partners Eileen Brassil, David Zabrecky, and Tim Fagan attended the AICPA & CIMA Employee Benefit Plans Conference May 6-8, 2024 in Las Vegas. The
- Employee Benefit Plan News, Out and About
For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required minimum distributions
- Emerging Tax and Regulations Alert, Tax Info
According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly half the median loss per
- Nonprofit Updates
Dave Zabrecky represented Legacy at the Illinois AFL-CIO Financial Reporting Seminars on the topic of IRS Reports. The seminar also featured speakers from the US
- Labor News, Out and About
The U.S. Department of Labor’s (DOL’s) test for determining whether a worker should be classified as an independent contractor or an employee for purposes of
- Individual Tax Alerts, Tax Info
Additional Resources
Let Us Help You
If you would like more information about our Firm or would like to find out how we can work with your organization.