Before Claiming a Charitable Deduction for 2025, Make Sure You Can Substantiate It
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in accordance with IRS requirements. Exactly [...]
Some Small Businesses Can Still Benefit from the Health Care Coverage Credit
Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that hasn’t been getting much attention [...]
Construction Tax Planning Starts with Your Accounting Method
Construction company owners operate in one of the most complex business environments of any industry. Long-term contracts, retainage, fluctuating job costs, labor constraints, and uneven cash flow all affect how a company is managed day [...]
The Great Hardware Squeeze: What Rising Tech Costs Mean for Your Business (And Your Budget)
Remember when you could order a new laptop and have it show up in a week without breaking a sweat—or your budget? Those days are feeling increasingly like a distant memory. If you've tried to [...]
Real Growth Doesn’t Come From Doing More. It Comes From Building the Right Team.
If you own a small or mid-sized business, ask yourself honestly: Could your business run smoothly for two weeks without you? Not just survive, actually run. Serve clients well. Make good decisions. Move forward. If [...]
Welcome to Tax Season 2026 – Let’s Get Started!
It's that time of year again! Tax season is officially underway, and we're ready to make this as smooth and stress-free as possible for you. Your organizers and engagement letters are on their way. If you [...]
Key Employee Payroll and Tax Changes for 2026 (OBBBA)
The Overtime and Benefit Balance Act (OBBBA) represents one of the most significant payroll and tax law changes for employees in recent years. Whether you earn overtime, receive tips, or use transit benefits, these updates [...]
Checking Off RMDs on the Year-End To-Do List
You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite charities and planning get-togethers with family and friends. For older [...]
New Law Eases the Limitation on Business Interest Expense Deductions for 2025 and Beyond
Interest paid or accrued by a business is generally deductible for federal tax purposes. But limitations apply. Now some changes under the One Big Beautiful Bill Act (OBBBA) will result in larger deductions for affected [...]
There’s Still Time to Save 2025 Taxes
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31. Defer income and accelerate deductions Pushing income into [...]