News & Insights
News
Insights
Recent Posts
- Understanding Deferred Taxes: Why Book Income and Taxable Income Don’t Always Match
- Repair or Improvement: Does the Distinction Matter Under Current Tax Law?
- Restructure Your Nonprofit with Confidence
- Which Products Really Drive Your Business’s Profits?
- IRS Releases Guidance on the Paid Family and Medical Leave Tax Credit
- Plan Before Expanding Your Nonprofit’s Staff
- The Business Lifecycle Part 5: The Expansion Stage
- Worker Misclassification Can Carry Serious Consequences
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IRS Issues Interim Guidance on 100% Depreciation for Qualified Production Property
The IRS and Treasury Department have released interim guidance, in Notices 2026-11 and 2026-16, which clarify how businesses can apply the new 100% depreciation provisions under the One Big Beautiful…
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Minimize Your Business’s 2025 Federal Taxes by Implementing Year-End Tax Planning Strategies
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 tax-reduction measures. It also creates…
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Michigan Cannabis Tax Update 2025: What Operators Need to Know About the New Wholesale Marijuana Tax
Michigan lawmakers recently approved the state’s new $81 billion budget for 2025–26, and included in it is a major change for cannabis operators: a new 24% wholesale marijuana tax. This…
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Best Practices for Managing Cash Flow in the Growth Stage of a Business Life Cycle
Effective cash flow management is critical at every stage of a business’s life cycle, but it becomes particularly crucial during the growth stage. At this point, a company is expanding,…
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5 Tax Breaks on the Table: What Business Owners Should Know About the Latest Proposals
A bill in Congress — dubbed The One, Big, Beautiful Bill — could significantly reshape several federal business tax breaks. While the proposed legislation is still under debate, it’s already…