Beginning in 2026, individuals who itemize deductions and donate to charity will face a new limit on their charitable deductions. And in some cases, they’ll … [Read more...]
How your business can fight brandjacking
December 15, 2025 by Kari Steinbeisser
Brandjacking occurs when an individual or group misappropriates a company’s brand identity and uses it for financial gain or, in some cases, malicious sabotage. … [Read more...]
Significant changes to information reporting go into effect for the 2026 tax year
December 15, 2025 by Jim Rudnick
If your business has employees or uses independent contractors, you have associated annual information reporting obligations. The One Big Beautiful Bill Act … [Read more...]
IRS releases critical guidance on calculating tips and overtime deductions for 2025
December 11, 2025 by Jennifer Lownsbury
The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If … [Read more...]
There’s still time to save 2025 taxes
December 9, 2025 by Stacey Seviola
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 … [Read more...]
New law eases the limitation on business interest expense deductions for 2025 and beyond
December 9, 2025 by Jeff Rislov
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 … [Read more...]
Checking off RMDs on the year-end to-do list
December 9, 2025 by Mitchell Erickson
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 … [Read more...]
The IRS releases 2026 contribution limits
November 24, 2025 by Jen Burnett
With Notice 2025–67, the IRS has issued its 2026 inflation-adjusted retirement plan contribution limits. Although the changes are more modest than in recent … [Read more...]
Minimize your business’s 2025 federal taxes by implementing year-end tax planning strategies
November 18, 2025 by David Corneil
The One Big Beautiful Bill Act (OBBBA) shifts the landscape for year-end tax planning. The law has significant implications for some of the most tried-and-true … [Read more...]
New deduction for QPP can save significant taxes for manufacturers and similar businesses
November 17, 2025 by Jim Rudnick
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property … [Read more...]
