News & Insights

IRS Releases Guidance on New Depreciation Deduction

Facebook Twitter LinkedIn Email

A new but temporary special depreciation allowance for qualified production property (QPP) was created by last year’s One Big Beautiful Bill Act (OBBBA). It’s available for certain manufacturing-related real property […]

READ MORE

Options for Forfeited Employee FSA Balances

Facebook Twitter LinkedIn Email

Many businesses offer health care and dependent care flexible spending accounts (FSAs) as part of their employee benefits package. These plans provide valuable tax savings to employees and payroll tax […]

READ MORE

Timekeeping for Nonprofits: Compliance, Clarity and Better Management

Facebook Twitter LinkedIn Email

Nonprofit organizations often juggle multiple programs, funding sources and staffing structures, making accurate time tracking essential. Furthermore, federal and state wage and hour laws require certain records be kept, and […]

READ MORE

2026 Predictions for the Manufacturing Industry

Facebook Twitter LinkedIn Email

The manufacturing industry is entering 2026 facing economic uncertainty, evolving regulations, and rapid technological change. These pressures are forcing manufacturers to rethink how they manage operations, supply chains, and long-term […]

READ MORE

4 Types of Interest Expense You May Be Able to Deduct

Facebook Twitter LinkedIn Email

Personal interest expense generally can’t be deducted for federal tax purposes. There are, however, exceptions. Here are four, one of which is a new break under the One Big Beautiful […]

READ MORE

Recent Posts