News & Insights

Planning for the Future: 5 Business Succession Options and Their Tax Implications

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When it’s time to consider your business’s future, succession planning can protect your legacy and successfully set up the next generation of leaders or owners. Whether you’re ready to retire, […]

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FAQs About Reporting Subsequent Events

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Subsequent events are in the spotlight these days. The Public Company Accounting Oversight Board (PCAOB) recently initiated a project to modernize outdated auditing standards related to these events. The PCAOB […]

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Ways to Manage the Limit on the Business Interest Expense Deduction

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Prior to the enactment of the Tax Cuts and Jobs Act (TCJA), businesses were able to claim a tax deduction for most business-related interest expense. The TCJA created Section 163(j), […]

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Bonus Depreciation Phase Out: Learn How These Changes are Taking Effect and How Section 179 Can Help

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In 2002, Bonus Deprecation first went into effect, serving as a groundbreaking new tax policy. Instead of traditionally spreading out deprecation over an asset’s useful life, businesses now had the […]

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Trump Tariffs on Canada, Mexico Delayed, China Responds With its Own Tariffs

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In a historic “first,” President Trump signed three executive orders (EOs) on February 1, 2025, imposing new 25% ad valorem tariffs that would apply to most merchandise imported into the […]

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