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Community Reinvestment Act and the Impact of the New Rule in 2024
By Katelyn Crowley, CPA on January 24, 2024

What is the Community Reinvestment Act? The Community Reinvestment Act (CRA) was first enacted in 1977. CRA requires federal banking regulators to encourage financial institutions to help...

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Employee Retention Tax Credit News: IRS Announces New ERC Withdrawal Process
By Freed Maxick Tax Team on November 14, 2023

The IRS has introduced a new withdrawal process for taxpayers looking to retract previously filed Employee Retention Tax Credit (ERC) claims. This move comes as part of the IRS's efforts...

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The Cost of Complacency: Ethan's Battle with a Data Breach

How Ethan’s Thriving Practice Fell Victim to Data Loss from a Cyberattack Ethan owned and operated an extremely successful Physical Therapy practice. Starting with a single office, Ethan...

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The Enemy Within: Unmasking an Insider Data Loss Threat

How Jack's Tech Startup Battled User Access Issues and a Covert Rival In the bustling world of tech startups, Jack had built a company from the ground up. His innovative products and...

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Changes to New York's Excelsior Linked Deposit Program
By Don Warrant, CPA on October 17, 2023

New York LDP Program Overview The Excelsior Linked Deposit Program (LDP) was established on February 11, 1994, and made permanent on March 30, 2001. Recent changes in the program, brought...

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Cybersecurity Awareness Month: The Costly Consequences of Ransomware - A Cautionary Tale

How Robert and Vincent's Video Production Empire Fell Victim to Cybercrime In the fast-paced world of video production, Robert and Vincent had built a thriving empire over the course of 25...

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