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 ...
Four Year-End Planning Steps to Trim Your 2025 Taxes
Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year ...
New Rules Could Boost Your R&E Tax Savings In 2025
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) ...
What You Need To Know About Mandatory Electronic IRS Payments
Beginning September 30, 2025, all payments made to or from the IRS must be electronic under Executive Order 14247, Modernizing Payments to and From ...
Employer Requirements Under OBBBA
The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, introduces new federal income tax deductions for eligible employee overtime ...
Breaking Down The Basics: Form 990 FAQs
Form 990 is more than just a tax form; it’s a vital tool for nonprofit transparency and credibility. Whether you’re a new board member or an ...
Alternative Minimum Tax: What You Still Need to Know
The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system. The ...
The New Law Includes a Game-Changer for Business Payment Reporting
The One, Big Beautiful Bill Act (OBBBA) contains a major overhaul to an outdated IRS requirement. Beginning with payments made in 2026, the new law ...
How Will the Changes to the SALT Deduction Affect Your Tax Planning?
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily. ...