tax
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…
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”…
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…
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…
A new year brings many new tax-related figures for businesses. Here’s an overview of key figures for 2026. Be aware that exceptions or additional rules or limits may apply. Depreciation-related…
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…
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,…
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.…
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…
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…
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.…
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.…
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…
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…
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…