8.4.25
Practical Ways to Maintain Tax-Exempt Status for Hospitals
When hospitals operate as nonprofit organizations, they may qualify for tax exemption under Section 501(c)(3) of the Internal Revenue Code. However, in order to qualify…
8.4.25
Operational Efficiency in Healthcare: Challenges and Best Practices
Today, operational efficiency remains a critical aspect of any healthcare facility’s long-term success. When processes and systems are streamlined, it is possible to provide the…
8.4.25
The OBBB and Its Potential Impacts on Healthcare, Medicaid and Life Sciences
With the signing of the One Big Beautiful Bill (OBBB) into law by the Trump Administration, sweeping legislative changes are now officially in motion, impacting…
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…