6.18.25
IRS Clarifies Theft and Fraud Loss Deductions
The Tax Cuts and Jobs Act (TCJA) significantly limited the types of theft losses that are deductible on federal income tax returns. However, a recent…
6.18.25
Vetting Subcontractors Is More Important Than Ever
General contractors now face two primary challenges: 1) recover from project shutdowns and slowdowns caused by the pandemic and 2) capitalize on what could be…
6.16.25
The One Big Beautiful Bill Could Change the Deductibility of R&E Expenses
The treatment of research and experimental (R&E) expenses is a high-stakes topic for U.S. businesses, especially small to midsize companies focused on innovation. As the…
6.9.25
Five Tax Breaks on the Table: What Business Owners Should Know About the Latest Proposals
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is…
6.5.25
Marriage and Taxes: Key Changes After Saying ‘I Do’
It may not be as fun to plan as the wedding venue, invitations and attire, but marriage can result in changes affecting essential tax issues…
6.5.25
Invest in Your Kids’ or Grandkids’ Future — With Help From the Tax Code
If you’re thinking about helping a child or grandchild pay for school, you’re not alone — and you’re not without help. While families have always…
6.5.25
What’s Your Business Exit Strategy?
Ever since you became a business owner, you’ve focused on growing revenue, managing expenses and leveraging tax advantages. But don’t overlook a critical element of…
6.5.25
What’s the Best Accounting Method Route for Business Tax Purposes?
The accounting method your business uses to report income for tax purposes — cash or accrual — can significantly impact your tax bill. While the…
5.30.25
The House Passes the One Big Beautiful Bill Act: An Overview of Its Tax Provisions
The U.S. House of Representatives passed its sweeping tax and spending bill, dubbed The One Big Beautiful Bill Act (OBBBA), by a vote of 215…
5.28.25
The IRS Recently Announced 2026 Amounts for Health Savings Accounts
The IRS recently released the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs). Employees will be able to save a modest amount more in their…