News & Insights

New Provisions for 2026 May Affect Your Tax Planning

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The many tax-related provisions that went into effect last year after the One Big Beautiful Bill Act (OBBBA) was signed into law are affecting 2025 federal income tax returns being […]

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Strengthening Internal Controls in Growing Small & Midsize Businesses: Scaling Without Increasing Risk

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Growth signals that your business is on the right track. Revenue climbs, new team members come aboard, and opportunities multiply. Yet, as operations expand, so does complexity—and with it, risk.   […]

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Deferring Taxes on Advance Payments

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An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance payments must be reported as taxable […]

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Some Small Businesses Can Still Benefit from the Health Care Coverage Credit

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Tax credits reduce tax liability dollar-for-dollar. As a result, they can be more valuable than deductions, which reduce only the amount of income subject to tax. One tax credit that […]

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IRS Issues Interim Guidance on 100% Depreciation for Qualified Production Property

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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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