New Tax Rules Have Been Set: Start Planning Now
Individual taxpayers faced significant tax planning uncertainty for the first six months of the year. Many provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) were scheduled to expire at the end of this year. However, after the […]
Read More QBI Deduction: How the OBBBA Improves the Rules
Many owners of pass-through businesses and self-employed individuals have taken advantage of the Section 199A qualified business income (QBI) deduction. Created by the Tax Cuts and Jobs Act (TCJA), this break was scheduled to expire after 2025, making its future […]
Read More IRS Releases Guidance on Changes to R&E Expensing
Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The IRS has recently issued transitional guidance (Revenue Procedure 2025-28) […]
Read More New Tax Law Includes Major Changes for Homeowners
Several provisions of the One Big Beautiful Bill Act (OBBBA), signed into law on July 4, will affect homeowners starting in 2025. These changes are important as you plan for the current tax year, because they may impact whether you […]
Read More Favorable Business Depreciation Tax Changes Under New Law
There's good news for businesses considering buying equipment and other capital assets: The One Big Beautiful Bill Act (OBBBA) dramatically improves first-year depreciation tax breaks. Here's what you need to know to take advantage. Learn more from the tax experts […]
Read More What Taxpayers Need to Know About the IRS Ending Paper Checks
The federal government has announced a major change that will affect how numerous Americans receive their tax refunds and federal benefit payments. The U.S. Treasury Department, the IRS and the Social Security Administration (SSA) will soon stop issuing paper checks. […]
Read More Receivables Rx: Key Metrics to Assess the Health of Your Cash Flow
For many businesses, accounts receivable (AR) is one of the largest assets on the balance sheet. It represents the cash you’ve earned but haven’t yet collected. Efficient AR management is critical for maintaining healthy cash flow, reducing bad debt and […]
Read More Factoring Tax Law Changes Into a Business Valuation
Several provisions of the One, Big, Beautiful Bill Act (OBBBA) — enacted on July 4, 2025 — alter the tax rules for businesses. The new law generally extends and expands many provisions of the Tax Cuts and Jobs Act of […]
Read More Transfer Pricing in Manufacturing: Tax Compliance Across Borders
If your manufacturing company operates through two or more entities and is expanding into multiple states or even overseas, you need to become familiar with transfer pricing. While the term is typically associated with large, multinational corporations, manufacturers of various […]
Read More Marginal Well Tax Credit: Key Updates for 2025
Operators of marginal oil and gas wells continue to face narrow margins and fluctuating market conditions. To provide relief in lower price environments, the IRS offers the marginal well tax credit under Internal Revenue Code § 45I. Recent guidance establishes […]
Read More How Will the One, Big, Beautiful Bill Act Affect Individual Taxpayers?
The One, Big, Beautiful Bill Act (OBBBA) includes, among many other things, numerous provisions that can affect an individual’s taxes. The new law makes some changes to existing tax breaks that will be significant to many, but not all, taxpayers. […]
Read More The One, Big, Beautiful Bill Act Extends Many Business-friendly Tax Provisions
The One, Big, Beautiful Bill Act (OBBBA) includes numerous provisions affecting the tax liability of U.S. businesses. For many businesses, the favorable provisions outweigh the unfavorable, but both kinds are likely to impact your tax planning. Here are several provisions […]
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