News & Insights
Deferring Taxes on Advance Payments
March 4th, 2026
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Business Tax Services |
Tax |
Small & Midsize Businesses
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
March 3rd, 2026
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Tax Credits |
Healthcare |
Small & Midsize Businesses
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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Before Claiming a Charitable Deduction for 2025, Make Sure You Can Substantiate it
February 26th, 2026
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Business Tax Services |
Tax |
High Net Worth
If you itemize deductions on your 2025 individual income tax return, you potentially can deduct donations to qualified charities you made last year. But your gifts must be substantiated in […]
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IRS Issues Interim Guidance on 100% Depreciation for Qualified Production Property
February 25th, 2026
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By Matt Latham |
Tax |
Cannabis |
Construction |
Manufacturing |
Small & Midsize Businesses
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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Increase Your Current Business Deductions Under Tangible Property Safe Harbors
February 24th, 2026
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Business Tax Services |
Tax |
Small & Midsize Businesses
Did your business make repairs to tangible property, such as buildings, equipment or vehicles, in 2025? Such costs may be fully deductible on your 2025 income tax return — if […]