News & Insights
IRS Releases Critical Guidance on Calculating Tips and Overtime Deductions for 2025
December 22nd, 2025
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Employee Benefit Plan |
Tax |
Small & Midsize Businesses
The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation. If you receive tips or […]
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New Deduction for QPP can Save Significant Taxes for Manufacturers and Similar Businesses
December 18th, 2025
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Tax |
Manufacturing |
Small & Midsize Businesses
The One Big Beautiful Bill Act (OBBBA) allows 100% first-year depreciation for nonresidential real estate that’s classified as qualified production property (QPP). This new break is different from the first-year […]
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There’s Still Time to Save 2025 Taxes
December 15th, 2025
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Tax |
Tax Credits |
Small & Midsize Businesses
Just because it’s December doesn’t mean it’s too late to reduce your 2025 tax liability. Consider implementing one or more of these year-end tax-saving ideas by December 31. Defer Income […]
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6 Last-Minute Tax Tips for Businesses
December 11th, 2025
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Tax |
Small & Midsize Businesses
Year-round tax planning generally produces the best results, but there are some steps you can still take in December to lower your 2025 taxes. Here are six to consider: 1. […]
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Nonprofits: Tax Rules for Holiday Gifts and Celebrations
December 1st, 2025
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Tax |
Nonprofit
Your staffers and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your nonprofit’s mission. Many of your stakeholders probably consider successful outcomes […]