7.31.25
How the ‘One Big Beautiful Bill’ Will Affect Your Tax Returns This Year
When President Trump began his second term in January 2025, he made it clear that one of his top legislative priorities was passing a comprehensive…
7.28.25
The QBI Deduction and What’s New in the One, Big, Beautiful Bill Act
The qualified business income (QBI) deduction, which became effective in 2018, is a significant tax benefit for many business owners. It allows eligible taxpayers to…
7.21.25
Managing Indirect Costs in the Construction Industry
The construction industry operates under complex cost structures, making it essential to accurately allocate indirect costs to ensure profitability and accurate project management. Unlike direct costs,…
7.21.25
Manufacturing Trifecta: Basic Management Issues
As manufacturers navigate economic uncertainty, global competition and rapid technological advancement, many are rethinking how they manage the fundamentals. While digital transformation and smart factories…
7.21.25
The New Law Includes Favorable Changes for Depreciating Eligible Assets
The One Big Beautiful Bill Act (OBBBA) includes a number of beneficial changes that will help small business taxpayers. Perhaps the biggest and best changes…
7.21.25
President Trump Signs His One Big Beautiful Bill Act Into Law
On July 4, President Trump signed into law the far-reaching legislation known as the One Big Beautiful Bill Act (OBBBA). As promised, the tax portion…
7.16.25
Bartering Is a Taxable Transaction Even if No Cash Is Exchanged
When cash is tight, many businesses turn to bartering for goods and services instead of paying dollars for them. If your company gets involved in…
7.16.25
Is Your Business Closing? Here Are Your Final Tax Responsibilities
Businesses close for various reasons. Perhaps you’re ready to embark on a welcome change such as retirement or launching a new venture. Or maybe it…
7.10.25
Reasons and Rules for Filing an Amended Return
Once a tax return is filed, most people breathe a little easier. But it’s not uncommon to realize too late that something was left off…
7.10.25
You May Owe the “Nanny Tax” Even Without a Nanny
Don’t let the name “nanny tax” fool you. It’s a tax that applies to the wages of a variety of types of household help you…