Section 174 Update: Immediate Research Expensing Is Back
Updated October 8, 2026. This article was originally published in August 2024 and has been revised to reflect the One Big Beautiful Bill Act. For ...
Benefits and Tax Implications of Athlete Employment
Institutions are grappling with significant changes around athlete employment status in the rapidly evolving landscape of collegiate athletics. The ...
Boost Your Bottom Line by Understanding Your Internal Audit
For many, the word "audit" conjures up images of tax auditors camping out in dark offices or reading intimidating letters from the IRS. However, an ...
IRS Ramps Up Compliance Enforcement Against Certain Businesses
The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers ...
Navigating Tax Obligations for College Athletes with NIL Income
If you're a college athlete, you can make a massive fortune of up to seven figures using your name, image and likeness (NIL). It all amounts to you ...
Bookkeeping Provides a Solid Foundation for Financial Reporting
Accurate bookkeeping is essential in the complex world of business finance. It is the bedrock of reliable financial reporting, ensuring your ...
4 Bookkeeping Pitfalls for Small Businesses to Avoid
Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have ...
How Renting Out a Vacation Property Will Affect Your Taxes
Are you dreaming of buying a vacation beach home, lakefront cottage or ski chalet? Perhaps you’re fortunate enough to already own one. In either ...
Update on Retirement Account Minimum Distributions
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax-required minimum ...