By Charles R. Kennedy, CPA, MBA, Vice President & Director of Tax Services An important decision to make when filing your individual income tax return is whether to claim the standard deduction or to itemize deductions. A change under the One Big Beautiful Bill...
By Ryan J. McDonell, CPA, MSA, MSLT, Tax Director The One Big Beautiful Bill Act (OBBBA) introduces a new 1% excise tax under IRS Code Section 4475 on certain international money transfers, which will take effect for transfers made after December 31, 2025. This new...
By Charles R. Kennedy, CPA, MBA, Vice President & Director of Tax Services Emerging from the One Big Beautiful Bill Act (OBBBA) are several tax-planning opportunities for individuals considering converting a traditional IRA to a Roth IRA. For those with...
By Kevin J. Bonnett, CPA, Vice President & Director Under the provisions of the SECURE 2.0 Act beginning on January 1, 2026, the catch-up contribution rules for certain plan participants in 401(k), 403(b) and 457(b) government plans are changing. This change...
By Kevin J. Bonnett, CPA Vice President Director of Employee Benefit Services The Internal Revenue Service has announced the 2026 annual contribution limits, catch-up contribution limits and cost-of-living adjustments (COLAs) for employer-sponsored 401(k) plans, IRA...
