tax
If you own a business or are self-employed and haven’t already set up a tax-advantaged retirement plan, consider establishing one before you file your 2025 tax return. If you choose…
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Normally businesses must furnish certain information returns to workers and submit them to the federal government by January 31. But this year, that date falls on a Saturday. So the deadline…
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Cash and noncash donation deductions in 2026 The new year brings changes that affect how taxpayers think about charitable contributions of all kinds. You may have heard that the One…
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Most married couples assume they should file joint income tax returns, and, usually, that’s the right choice. But under certain circumstances, filing separate returns may offer benefits. Bear in mind…
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Everyone should have an estate plan — including single people with no children. For married couples, the law generally assumes that one spouse will make financial and medical decisions if…
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The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, restored the more favorable pre-2022 limit on business interest expense deductions. That’s good news for many businesses,…
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By David B. Falwell, CPA – Tax Manager, and Andrea C. Johnson – Tax Senior The One Big Beautiful Bill Act (OBBBA), signed into law in July 2025, introduced a…
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Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through”…
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Preserving your organization’s tax-exempt status is vital to your financial stability and ability to pursue your mission. Losing that exemption could result in tax liability, fewer donations and lost foundation…
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With 2025 in the rearview mirror and the tax filing deadline on the road ahead, it’s a good time for businesses to start gathering information about their deductible expenses for…
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