The year 2023 saw a rebounding stock market, reduced inflation, and growing hopes for a soft landing for the economy. Amidst this economic environment were bank failures, congressional gridlock, and the continuation of geopolitical international conflicts. With 2024 underway, businesses are likely to encounter their own unique combination of new opportunities, changes, and challenges. This is especially the case from the standpoint of tax planning. Below is an overview of the top areas to consider in your tax planning for 2024.

Just months after announcing its global valuation practice, Andersen, the fastest-growing independent, multidisciplinary professional services firm in the world, has expanded its valuation coverage to more than 16 countries throughout Europe.

Aircraft ownership provides owners flying privately with several advantages, such as flexibility, comfort, control, and simplicity. In addition to these benefits, there are many tax strategies aircraft owners may further consider to maximize their benefits and optimize their tax positions.

Andersen Managing Director Bryan Collins comments are featured in the recent Tax Notes article, Revived Reg Project Won't Address Consolidated Subgrouping Rules.

Andersen, the fastest-growing independent, multidisciplinary professional services organization in the world, has extended its valuation capabilities and team through the addition of collaborating firms in Argentina, Chile, Colombia, and Mexico.

Legislation pending in Washington State (S.B. 5988) would require companies to report unclaimed gift card balances to the Washington Department of Revenue as part of their unclaimed property reporting obligations.

Taxpayers who currently have a traditional IRA and who do not anticipate needing their IRA balance to fund retirement may want to consider moving their traditional IRA account balances to a Roth IRA.

An Employee Stock Ownership Plan (ESOP) is a tax-qualified defined contribution retirement plan for the benefit of employees.