tax

College GameDay Field Goal Contest Winnings – Here’s What Winners Should Know (and How to Use the Money Wisely)

By Sean Clark – Tax Senior, and Jeff McCurry, CPA – Tax Manager Winning money on live television is the kind of story you get to tell for the rest…

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Interest Expense Updates from the One Big Beautiful Bill Act

By Sarah J. Ferens, CPA – Tax Manager, and Caleb P. Gozé – Tax Staff The One Big Beautiful Bill Act (OBBBA), which was signed into law on July 4, 2025,…

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6 Last-Minute Tax Tips for Businesses

Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1.…

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How Will Taxes Affect Your Merger or Acquisition?

Whether you’re selling your business or acquiring another company, the tax consequences can have a major impact on the transaction’s success or failure. So if you’re thinking about a merger…

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New Deduction for QPP Can Save Significant Taxes for Manufacturers and Similar Businesses

The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break is different from the first-year…

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Big News for Families: Child Tax Credit and Child Care Credit Changes Under OBBBA

If you are a parent, caregiver, or supporting loved ones at home, recent tax changes under the One Big Beautiful Bill Act (OBBBA) could mean greater savings come tax season.…

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Tax Tips: November/December 2025

New deduction for interest on certain personal car loans One of the lesser-known provisions of the One Big Beautiful Bill Act is a new deduction for certain vehicle loan interest.…

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New Law, New AMT Rules: Are You at Risk?

The alternative minimum tax (AMT) resembles the regular federal tax system, but it has a different purpose. It’s intended to ensure that people with certain types of income still pay…

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Businesses Should Prepare for Changing IRS Reporting Requirements

Over a certain amount, payments made in the course of a trade or business must be reported to the payees and to the IRS, using a specific form. The recently…

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Charitable Giving Under the New Tax Law

As the end of the year approaches, many people begin thinking about philanthropy. While planning your charitable giving, be sure to consider the potential impact of the One Big Beautiful…

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