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, […]

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, setting the stage for potentially sweeping changes to individual tax provisions. While the bill is currently under senate review , it is important to understand how the proposals could alter key tax breaks. Curious about how the bill might […]

A high-impact piece of legislation in Congress — dubbed The One, Big, Beautiful Bill — could dramatically overhaul key federal business tax breaks that many businesses rely on. While the proposed legislation is still under debate, it’s already sparking attention across business communities. Here’s a look at the current rules and proposed changes for five […]

In today’s everchanging marketplace, businesses are constantly sending emails, pushing notifications, and vying for attention on social media. However, even after all this activity, your customers and prospects may be left wondering what your company truly stands for. One effective way to cut though the noise is to develop a clear mission statement and vision […]

If you are considering skipping out on estate planning due to the current federal estate tax exemption ($13.99 million per individual or $27.98 million for married couples in 2025), you might want to reconsider. Even with such a high exemption, establishing a living trust can still provide valuable advantages – particularly if you’re looking to […]

If you or your employee are traveling for business this summer, it’s essential to know which travel expenses are deductible under current tax rules. To qualify, the trip must be necessary for business purposes and involve an overnight stay within the U.S. One key point: Under the Tax Cuts and Jobs Act, employees cannot deduct […]

As a family business owner, determining the future of the business can be a complicated process considering the business also holds sentimental value to the family. If you are running a business and want to keep the business in the family, you will want to address how to incorporate estate planning with succession planning. Question […]

As digital assets such as cryptocurrencies become more popular, it is important to stay compliant with the IRS guidelines with reporting these transactions on your tax returns. The definition of digital assets Digital assets are defined by the IRS as any digital representation of value that’s recorded on a cryptographically secured distributed ledger (also known […]

The IRS has released new contribution amounts for employees for 2026 Health Savings Accounts. These amounts are adjusted for inflation and will allow employees to save more in their HSA accounts. HSA basics An HSA is a trust created or organized exclusively for the purpose of paying the “qualified medical expenses” of an “account beneficiary.” […]