News & Insights

What You Need to Know About Filing an Extension — and Minimizing Penalties

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If you don’t have everything ready to complete your 2025 federal individual income tax return by the April 15 deadline, you can request an automatic extension. Filing Form 4868, “Application […]

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Why You Might Want to Build a Wall Between Your Business and Its Real Estate

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Does your business own its real estate in a separate holding company, such as a limited liability company (LLC) or limited partnership? This practice can provide several advantages, including shielding […]

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It’s Your Last Chance to Claim These Clean Energy Tax Breaks

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Last year’s One Big Beautiful Bill Act (OBBBA) terminated several clean energy tax incentives earlier than previously scheduled. But if you bought an electric vehicle or made certain green home […]

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Should Your Business Consider a Fiscal Year End?

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Most businesses close their books for tax and accounting purposes on December 31 because it aligns with the calendar year. But a calendar year isn’t always the best option. For […]

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IRS Releases Guidance on New Depreciation Deduction

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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 […]

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