News & Insights

Tax Filing Update for Pass-Through Entities

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Do you operate a business as a partnership, a limited liability company (LLC) treated as a partnership for tax purposes or an S corporation? In tax lingo, these are called “pass-through” […]

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Minimize Your Business’s 2025 Federal Taxes by Implementing Year-End Tax Planning Strategies

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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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4 Year-End Planning Steps to Trim Your 2025 Taxes

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Now is the time of year when taxpayers search for last-minute moves to reduce their federal income tax liability. Adding to the complexity this year is the One Big Beautiful […]

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IRS Releases Guidance on Changes to R&E Expensing

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Among its numerous tax provisions, the One Big Beautiful Bill Act (OBBBA) reinstated immediate deductions for research and experimental (R&E) expenditures under Internal Revenue Code Section 174, beginning in 2025. The […]

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Michigan Cannabis Tax Update 2025: What Operators Need to Know About the New Wholesale Marijuana Tax

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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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