Each year, inflation adjustments and legislative updates reshape the tax landscape for individuals. For 2026, many familiar limits have increased, and additional changes are taking effect under the One Big Beautiful Bill Act, signed into law on July 4, 2025. Together, these updates affect deductions, retirement savings, tax-advantaged accounts, and estate planning strategies. The following […]

As the calendar turns to 2026, a new set of tax limits, thresholds, and dollar amounts come into play for businesses and their owners. These annual adjustments can affect everything from depreciation strategies and retirement plan contributions to employee benefits and key tax deductions. The following summary highlights many of the most important business-related tax […]

Strategic planning can feel overwhelming for business owners juggling sales goals, cash flow challenges, staffing needs and day-to-day operational issues. Although you may rely heavily on financial reports to make key decisions, numbers alone don’t always tell the full story. Introduced in the early 1990s, the balanced scorecard approach still offers a practical framework for […]

Did you know there’s a tax-advantaged way to save for the expenses of a person with a disability that’s similar to saving for college expenses with a Section 529 plan? Achieving a Better Life Experience (ABLE) accounts can help fund qualified disability expenses for an eligible beneficiary. The SECURE 2.0 Act, signed into law in […]

S corporation structure provides most of the tax benefits of a partnership plus the liability protection of a corporation. But because of the strict requirements that apply to these entities, preserving S corporation status requires due diligence. Reap the benefits Like a traditional C corporation, an S corporation shields its shareholders from personal liability for […]

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 […]

Is your company spending enough on cybersecurity? Unfortunately, it’s a question every business owner must contemplate carefully these days. The 2025 Security Budget Benchmark Report found that cybersecurity budgets increased by 4% this year, based on survey responses from nearly 600 Chief Information Security Officers collected by IANS Research and Artico Search. That may sound […]

You likely have a lot of things to do between now and the end of the year, for older taxpayers with one or more tax-advantaged retirement accounts, as well as younger taxpayers who’ve inherited such an account, there may be one more thing that’s critical to check off the to-do list before year end: Take […]