News & Insights
News
Insights
Recent Posts
- Should You Rehire or Outsource Your Accounting Team?
- Inside Your Audit: Reviewing Expectations on What Local Governments Should be Asking Their Auditor
- How Small and Midsize Businesses Can Stabilize Financial Operations During Leadership Transitions
- What’s the Right Entity Type for Your New Business?
- Balancing Financial Reporting Needs With Compliance Costs
- Helping Your Nonprofit’s Board Make Sense of Financial Reports
- When the Sale of an Appreciated Home Triggers Taxes — and When it Doesn’t
- Accounting for Business Combinations
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Ways to Manage the Limit on the Business Interest Expense Deduction
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
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
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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Be Ready to File Your BOI Reports
It has been a tumultuous few months for many small businesses. The Financial Crimes Enforcement Network (FinCEN) initially set a January 1, 2025, deadline for certain small business entities to…
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Do You Have Excess Business Loss?
If an individual taxpayer has substantial business losses, unfavorable federal income tax rules can potentially come into play. Here’s what you need to know as you assess your 2024 tax…