12.30.25
How Contractors Can Push Back Against High Materials Costs
Rising materials costs have become a persistent challenge for construction companies of all sizes. But they hit small to midsize businesses especially hard. Your profit…
12.29.25
Contractors: How’s Your Succession Plan Coming Along?
A 2024 survey conducted by consultancy FMI in partnership with the Construction Financial Management Association found that 58% of contractors who responded didn’t have an…
12.29.25
Avoiding Inadvertent S Corp Termination
S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the strict requirements…
12.16.25
Reverse Sales and Use Tax Audits Can Reveal Refund Opportunities for Manufacturers
While most states offer sales and use tax exemptions for certain purchases by manufacturers, the details can vary from state to state. Manufacturers often overlook…
12.15.25
Significant Changes to Information Reporting Go Into Effect for the 2026 Tax Year
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act (OBBBA) makes changes…
12.10.25
Create a Succession Plan Today to Prepare Your Manufacturing Company for Tomorrow
Succession planning is one of the most important responsibilities of a manufacturing business owner. By identifying and grooming future leaders early — whether family members,…
12.10.25
New Tax-Saving Opportunities May Attract Funding for Manufacturers That Build in Rural Qualified Opportunity Zones
The Qualified Opportunity Zone (QOZ) program, created by the Tax Cuts and Jobs Act, was slated to expire after 2026. The One Big Beautiful Bill…
12.8.25
New Law Eases the Limitation on Business Interest Expense Deductions for 2025 and Beyond
Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now some changes under the One Big Beautiful…
12.8.25
Minimize Your Business’s 2025 Federal Taxes by Implementing Year-End Tax Planning Strategies
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true…
12.8.25
New High-Low Travel per Diem Rates
The “high-low” per diem method is a simplified way to reimburse employees who travel for your business compared to tracking actual business travel expenses. For…