The recently enacted One Big Beautiful Bill Act (OBBBA) brings a welcome change for seniors when it comes to their taxes. Beginning with the 2025 tax year, individuals age 65 and older will be able to take advantage of a new, additional deduction designed to provide extra tax relief. How Much Is the Deduction and […]

The recently enacted One Big Beautiful Bill Act (OBBBA) delivers major upgrades to business tax incentives, particularly in the areas of bonus depreciation and Section 179 expensing. These changes are designed to encourage investment in business property by making it easier and more beneficial for businesses to immediately deduct the cost of qualifying assets. Here’s […]

The “One Big Beautiful Bill Act” (OBBB) represents the most sweeping set of tax reforms since the Tax Cuts and Jobs Act (TCJA) of 2017. The OBBB extends, enhances, and in some cases fundamentally restructures a wide range of tax provisions affecting both individuals and businesses. Below, we break down the most significant changes and […]

When considering the most essential software for your business, your initial focus is likely on the platforms that directly support the production or delivery of your products and services – and understandably so. However, accounting software is often nearly as critical. This system records every financial transaction within your organization, so it must remain secure, […]

College is a significant financial investment. According to the College Board, average tuition and fees for the 2024-2025 academic year are $43,350 at private institutions. Out-of-state students at public colleges can expect to pay an average of $30,780, while in-state students pay approximately $11,610. In addition to tuition and fees, students should also consider expenses […]

Did you know that the IRS closely reviews your deductions for business meals or vehicle expenses? These expenses can be easily denied if you do not have proper documentation. In many instances, taxpayers either maintain incomplete documentation or attempt to reconstruct records long after the fact. Such practices often fall short of the rigorous evidence […]

In today’s unpredictable economic landscape, business agility isn’t just a buzzword—it’s a fundamental requirement for survival and growth. At the heart of an agile company are its highly skilled employees. To truly empower your team and ensure your business can adapt to any challenge, a strategic approach to talent development is essential. One of the […]

For individuals aged 65 and over enrolled in basic Medicare, the journey to comprehensive health coverage often involves additional premiums. These extra costs, especially for married couples where both spouses contribute, can represent a substantial financial outlay. However, many taxpayers may be missing out on a significant opportunity for tax relief: the potential deductibility of […]

For U.S. businesses, particularly the innovative small to midsize enterprises driving our economy, the tax treatment of research and experimental (R&E) expenses is a critical and often challenging area. The current tax landscape imposes limitations on the deductibility of these crucial investments, creating significant financial pressure on companies that previously benefited from immediate expensing. However, […]

Cash flow challenges are a leading cause of stress for business owners. Even if sales are strong, a lack of liquidity to pay bills and cover payroll can cause more than a few sleepless nights. The good news is that you can rest easier by exercising sound cash flow management. Scrutinize your cycles Broadly speaking, […]