10.28.25
Larger QBI Deductions Will Soon Be Available To Many Manufacturers
In a 2024 National Association of Manufacturers (NAM) survey, 93% of respondents who operate as pass-through entities stated that the impending expiration of the Section…
10.28.25
Year-End Tax Planning for Contractors
With another tax year on the horizon, now is the ideal time to begin planning for the 2025 tax year. Proactive tax planning allows business…
10.28.25
IRS Provides Much-Needed Guidance for R&D Relief Under the OBBBA
On August 28, 2025, the IRS issued Revenue Procedure 2025-2028, which provides procedures for making elections and changing accounting methods for domestic research and development…
10.22.25
Debunking Social Media Tax Advice
In today’s scrolling culture, social media makes it easy for scammers to provide misleading information to taxpayers seeking ways to increase their deductions and refunds.…
10.13.25
How Financial Statements Unlock Business Value
As calendar-year entities start work on their year-end financials, it’s important to remember that financial reporting is about more than compliance. Financial statements also help…
10.10.25
The Deductibility of Medical Expenses
Depending on your situation, you may be able to claim certain medical expenses as deductions on your tax return. However, you must itemize deductions, and…
10.10.25
Family Businesses Must Beware of Fraud
A large percentage of companies in the United States are family businesses, and they produce much of the country’s gross domestic product. Many are majority…
10.10.25
Two Big Wins for Business in the New Tax Law
The One Big Beautiful Bill Act (OBBBA) introduces a range of tax changes that will impact businesses. Many provisions set to expire this year are…
10.10.25
Enhanced Salt Tax Break Will Help Many Homeowners
The One Big Beautiful Bill Act (OBBBA), enacted on July 4, will allow more taxpayers to fully deduct their state and local tax (SALT) expenses…
10.6.25
The 2025–2026 “High-Low” per Diem Business Travel Rates Are Here
If you have employees who travel for business, you know how frustrating it can be to manage reimbursements and the accompanying receipts for meals, hotels…