Significant Changes to Information Reporting Begin in 2026
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful ...
New Law Eases Business Interest Expense Limits
Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now, some changes under the One Big ...
New IRS Guidance on Calculating Tips and Overtime
The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime ...
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BIRT and U&O Tax Exemptions Eliminated in Philly
The City of Philadelphia has announced significant changes that will affect every business operating within the city. In a December 10th notice, the ...
2026 Retirement Contribution Limits Announced
With Notice 2025-67, the IRS has released the inflation-adjusted retirement plan contribution limits for 2026. While the increases are more modest ...
Reduce Your 2025 Tax Bill with Year-End Planning
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 ...
Business Gifts in 2026: What You Can Deduct
Thoughtful business gifts are a good way to thank clients, referral sources and employees, and they can carry tax benefits when they are handled ...
Year-End Tax Planning Tips for Accrual-Basis Businesses
Projecting your business’s income for this year and next can allow you to time income and deductible expenses to your tax advantage. It’s generally ...
Is Your Accounting Software Helping You or Holding You Back?
When buying new accounting software or upgrading your existing solution, it’s critical to evaluate your options carefully. The right platform can ...