This calendar notes important tax deadlines for the fourth quarter of 2025. (view article)
Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging, and it can be difficult to qualify. This article gives a rundown of five points to keep in mind. (view article)
Family businesses make up a large percentage of companies in the United States and produce much of the country’s gross domestic product. Often defined as companies that are majority owned by a single family with two or more members involved in their management, family businesses can be a significant source of wealth. They may also face higher fraud risks. This article explains why that is true and how family businesses can reduce the risks. (view article)
The One Big Beautiful Bill Act (OBBBA) introduces a long list of tax changes that will impact businesses. Many provisions set to expire this year are now being extended or made permanent. This article provides a snapshot of changes to the rules for deducting research and experimentation costs and business interest expense — to help business owners make the most of tax planning in the fourth quarter of 2025 and going forward. (view article)
One Big Beautiful Bill Act, signed into law on July 4, allows more taxpayers to deduct their full state and local tax expenses. Here’s a rundown. (view article)
For convenience purposes, we have listed below the current amounts of the Section 179 and bonus depreciation limits. As with all tax regulations, there are stipulations and exceptions. Please call us with any planning we can assist you with.(view article)
The federal estate top tax rate is 40%. The Federal estate tax exemption is $13,990,000 for 2025 and will be $15,000,000 for 2026. The exemption for 2024 was $13,610,000. The annual gift exclusion is $19,000 in 2025 and $18,000 in 2024.
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Consistent with the U.S. Department of the Treasury’s March 2, 2025 announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for U.S. companies and U.S. persons to report beneficial ownership information (BOI) to FinCEN under the Corporate Transparency Act.(view article)
2025, 2024, and 2023 Pension Plan Limitations & Social Security Wage Base (view article)
We were notified by the Peer Review Committee Reporting Acceptance Body that our most recent triennial peer review report with a pass rating was accepted. A "pass" rating is the highest form of rating a CPA firm can receive.(view article)
President Signs Omnibus Bill; Including Secure 2.0 Act of 2022(view article)
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