Insights

SEC Adopts and Amends Rules for Private Equity and Hedge Funds – Audit Requirement Notice

On Wednesday, August 23rd, the Securities and Exchange Commission (SEC) adopted sweeping changes related to investment advisors and private funds.  While the rule applies broadly to relevant investment advisors, the overall impact of these rules my differ depending on each Fund’s unique characteristics. Several of the key provisions include: Registered private fund advisors must obtain…

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Celebrating Hispanic Heritage Month

At Whitley Penn, we are proud of the diverse experiences and identities that shape our firm, and celebrate this by fostering an inclusive environment that values diverse perspectives and cultural experiences. Hispanic Heritage Month is a special time for us to celebrate the rich history, traditions, and contributions of Hispanic and Latino communities….

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Understanding W2s and 1099s

What’s the Difference? When it comes to tax forms, W2s and 1099s are two of the most common forms you will come across. While they both relate to taxes, it is important to understand the difference between them. A W2 form is used by employers to report the wages they paid to their employees over…

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4 Tips to File Your 2023 Individual Return

The 2023 tax season is here! The Internal Revenue Service (IRS) started accepting tax returns on January 23rd, 2023. See below for four quick tips to ensure that your individual filing goes smooth this year. 1. The Earlier you Start, the Better Avoid delays by getting ahead where you can, you can speed the process…

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