For businesses looking to reach the next level of success, there’s no bigger star than organic sales growth. Simply defined, this is achieving an increase in revenue through existing operations rather than from mergers, acquisitions or other external investments. As you’ve likely noticed, coaxing this star into the spotlight isn’t easy. How can you set […]

In July 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, introducing sweeping tax reforms that are set to reshape the financial landscape for American families. Among the most significant provisions is a permanent expansion of the Child Tax Credit (CTC), aimed at providing enhanced support to families with children. This change […]

The alternative minimum tax (AMT) is a separate federal income tax system that operates alongside the regular tax system — but with important differences. Unlike the regular system, the AMT targets certain types of income that are typically tax-free and disallows some common deductions. If your AMT calculation results in a higher amount than your […]

The recently passed One, Big, Beautiful Bill Act (OBBBA) marks a significant shift in federal tax policy, as President Trump and congressional Republicans move to curtail several clean energy tax benefits that were established or expanded by the Inflation Reduction Act (IRA). Below is an overview of the major individual tax credits that are scheduled […]

Ohio’s newly passed House Bill 96 introduces a number of tax changes that could affect individuals, businesses, and local governments starting in 2025 and beyond. As part of the state’s biennial budget for the 2026–2027 fiscal years, the bill outlines adjustments to income taxes, property tax structures, and updates to several credits and exemptions. In […]

The One Big Beautiful Bill Act (OBBBA), signed into law on July 4, 2025, brings a host of tax changes for individuals and businesses. Among the most notable for working Americans and their employers is a brand-new deduction for overtime pay. For the first time, qualifying overtime compensation can be deducted directly from taxable income, […]

The tip credit is a special tax benefit designed for businesses in industries where employees commonly receive tips, such as restaurants, bars, and certain personal care services. When employees receive tips from customers, employers are required to pay Social Security and Medicare taxes (FICA taxes) on those tips, just as they do on regular wages. […]

On July 23, 2025, the White House released a new roadmap for AI called “Winning the Race: America’s Action Plan.” It’s 25+ pages and lays out 90 actions the federal government will take across three pillars – accelerating innovation, building AI infrastructure and leading in international AI diplomacy. There were three executive orders signed alongside […]

The IRS Form 1099 series is a cornerstone of federal information reporting, used to report a wide range of payments made in the course of a trade or business. For tax year 2025, several important changes and clarifications affect who must file, what must be reported, and how forms must be delivered. This article summarizes […]

The landscape for tipped workers and their employers is changing dramatically with the passage of the One Big Beautiful Bill Act (OBBBA). This sweeping legislation introduces a new, temporary deduction for tips, expands employer credits, and tightens compliance requirements—making it essential for both individuals and businesses to understand the new rules. A Groundbreaking Deduction for […]