For small to midsize businesses, an effective sales function doesn’t start with scripts, tools, or even top-tier talent. It starts with alignment. When everyone involved in selling shares the same understanding of what makes your company unique, sales efforts become sharper, more consistent, and more effective. One way to achieve such clarity is to formally […]

Starting in 2026, individuals who itemize deductions will be subject to a new cap on charitable contribution deductions—and in some cases, more than one limitation may apply. At the same time, upcoming changes offer a potential benefit for taxpayers who don’t itemize but still give to charity. New charitable deduction floor Under the One Big […]

Businesses that have employees or work with independent contractors face annual information reporting requirements. The One Big Beautiful Bill Act (OBBBA) updates these rules, but these changes won’t apply until after the 2025 tax year. Tips and overtime income For 2025 through 2028, the OBBBA creates new deductions for employees who receive qualified tips income […]

Small to midsize businesses are most susceptible to the risk of unexpected crises. Ignoring this vulnerability means risking everything you’ve built. That’s why securing your company’s future with a strategic, emergency succession plan isn’t just good advice—it’s a critical, immediate necessity. Unlike a traditional succession plan — which focuses on the long-term and is certainly […]

It is not too late to significantly reduce your 2025 tax liability. While the year is wrapping up, implementing one or more of these crucial, last-minute strategies before December 31st can yield substantial savings. Here are five effective year-end tax-saving ideas to act on now. Defer income and accelerate deductions Pushing income into the new […]

Don’t assume it’s too late to impact your tax bill for 2025. While year-round planning is ideal, several powerful strategies can still be implemented in December to significantly lower your tax liability. Here are six essential, last-minute actions business owners should consider ASAP to maximize deductions and minimize what they owe. 1. Postpone invoicing. If […]

As a small to midsize business grows, the demands on its time, talent and resources naturally increase. Many owners reach a stage where handling every function in-house — or personally — can hinder growth or create unnecessary risk for the company. If this sounds familiar, or if you are approaching this point, it may be […]

If you participate in a flexible spending account (FSA) through your employer to help cover health or dependent care costs, now is an appropriate time to review your remaining balance. While FSAs offer valuable tax savings, they generally require that eligible expenses to be incurred by year end or the unused funds may be forfeited.

Whether you are selling your business or acquiring another company, tax consequences can significantly influence the overall success of the transaction. Accordingly, any planned merger or acquisition should be preceded by a thorough evaluation of its potential tax impact. Asset sale or stock sale? From a tax standpoint, a transaction can basically be structured as […]

If your business offers a 401(k) plan, you already know it’s a lot to manage, but it is a responsibility that must be taken on with full force. Under the Employee Retirement Income Security Act (ERISA), you have a fiduciary duty to act prudently and put your employees’ interests first. Once your plan is up […]